Kakao Affiliate SM C&C Files Annual Conglomerate Status Disclosure: Financial and Governance Details
SM C&C is part of the Kakao group; its largest shareholder SM Entertainment holds 29.23%, with total related-party ownership at 31.21%.
The company holds 741,293 treasury shares (0.77%) and owns a 60% stake in affiliate Haneul-eul Damda with a book value of KRW 2.31 billion.
As of the last fiscal year, total assets were KRW 205,091 million, total liabilities KRW 124,058 million, resulting in a debt ratio of 153.1%.
Revenue was KRW 94,642 million, with an operating loss of KRW 1,766 million and a net loss of KRW 1,869 million.
The board consists of nine members (4 inside, 3 outside, 2 non-executive), and while electronic voting is adopted, ordinary shareholder voting participation is only 0.29%.
The largest related-party transaction is sales to SM Entertainment of KRW 1,576 million, and there is a service sale of KRW 100 million to Kakao Impact, a public-interest foundation related to the controlling shareholder.
[AI Comprehensive Analysis]This is a routine annual disclosure with no directly value-impacting news. However, persistent operating losses and a high debt ratio (153.1%) warrant attention as investment risks.
KOSDAQ Filing Information
Filing: Large Enterprise Group Status Disclosure [Annual And First Quarter Use (Individual Company)]