Tritonix.ai

News / Korea / yonhap_finance

Gido Industry Plunges 34% on KOSDAQ Debut

Consumer Non-Durables · Apparel/Footwear · yonhap_finance · 2026-08-21

282620

Apparel manufacturer Gido Industry saw its shares drop significantly below the IPO price on its first day of trading amid a broader market downturn.

What Happened

Disappointing Debut: Gido Industry closed at 18,580 KRW on its first day of trading on the KOSDAQ, marking a 34.58% decline from its IPO price of 28,400 KRW. At one point during the session, the stock fell by more than 35%.

Market Context: The sharp decline was exacerbated by a weak broader market, as the KOSDAQ index fell by over 4% on the same day. The overall negative sentiment toward new listings hindered buying interest.

Company Profile: Gido Industry is an OEM/ODM manufacturer specializing in outdoor and motorcycle protective gear. The company had previously generated interest during its book-building process, successfully pricing its IPO at the top of the target range.

Future Outlook: The poor performance on the debut is largely attributed to unfavorable market conditions. Investors are expected to monitor the company's future earnings performance and market stabilization to assess potential recovery.

Read original

More in Consumer Non-Durables

Kido Industry Shares Slide on KOSDAQ Debut Amid Market Downturn

Consumer Non-Durables · yonhap_finance · 2026-08-21

Apparel manufacturer Kido Industry saw its shares drop below the IPO price on its first day of trading on the KOSDAQ, pressured by a broader market sell-off.

282620

Hanwha Investment & Securities Raises Cosmax Price Target Amid Strong Growth

Consumer Non-Durables · yonhap_finance · 2026-08-20

Hanwha Investment & Securities has raised its price target for Cosmax to 300,000 KRW, citing the company's first-ever profit in the U.S. and robust global orders.

192820

Wei Hong-KY Q2 Profit Hits Five-Quarter High on Strong Seasonal Demand

Consumer Non-Durables · economic_daily · 2026-08-20

Wei Hong-KY reported a Q2 EPS of NT$1.35, its highest in five quarters, as the company ramps up production to meet holiday demand for sports and luxury bags.

8442

Latest in Korea

Samsung Electronics Announces Up to 110 Trillion Won Shareholder Return Plan

Electronic Technology · yonhap_finance · 2026-08-21

Samsung Electronics plans to return up to 110 trillion won to shareholders this year, including a 30 trillion won cash dividend for the third quarter.

HD Hyundai Heavy Industries Scraps Joint Venture Plan with India's Cochin Shipyard

Producer Manufacturing · yonhap_finance · 2026-08-21

HD Korea Shipbuilding & Offshore Engineering has decided to terminate discussions on forming a joint venture with India's Cochin Shipyard.

Saltlux Shares Surge Over 10% in After-Hours Trading

Technology Services · yonhap_finance · 2026-08-21

KOSDAQ-listed Saltlux saw its stock price jump more than 10% during after-hours trading, drawing significant attention from market participants.

304100

Netmarble Chairman Bang Jun-hyuk Acquires 13.4% Stake from Tencent

Technology Services · yonhap_finance · 2026-08-21

Netmarble Chairman Bang Jun-hyuk has purchased a 13.4% stake from Tencent to strengthen his control and mitigate market uncertainty regarding share overhang.

251270