KS Industry Becomes Largest Shareholder of INSCOBEE... Accelerates Telecom and Marine AI Integration Growth Strategy

KS Industry, listed on the KOSDAQ, announced on April 9 that it has completed the acquisition of management rights and become the largest shareholder of INSCOBEE, a KOSPI-listed company, by investing 10 billion won in INSCOBEE's third-party paid-in capital increase. Through this transaction, KS Industry has secured the top-tier MVNO (mobile virtual network operator) service platform held by INSCOBEE.

KS Industry decided on the acquisition after proactively reviewing INSCOBEE's financial risks and highly valuing the stable performance of its core MVNO business. On April 7, INSCOBEE received an "unqualified" opinion in its audit report, alleviating concerns in the market.

In fact, INSCOBEE's MVNO business recorded sales of approximately 93.1 billion won last year, accounting for 88% of its total revenue. During the same period, operating profit reached 8.6 billion won, roughly doubling from the previous year, demonstrating solid profitability and cash flow.

The budget phone brand "FreeT" is also considered a key competitive asset. It currently has about 600,000 subscribers and ranks first in market share among private operators, excluding subsidiaries of the three major mobile carriers. In the overall MVNO market, it maintains a position within the top five.

KS Industry plans to pursue 1 million subscribers and a 10% market share through aggressive partnership marketing and additional mergers and acquisitions (M&A) in the future. Based on these efforts, the company aims to become one of the three major players in the MVNO market. In particular, it intends to rapidly expand its subscriber base by increasing collaborations with credit card companies and various B2C enterprises.

The company will also undertake asset efficiency initiatives in conjunction with this acquisition. KS Industry plans to deploy specialized personnel for the recovery and profit-generation strategies of key investment assets, including Apimeds USA Inc. and Nano Silicon, both of which have been fully impaired.

Changes are also expected in its main business of marine cranes. KS Industry counts the three major shipbuilders—HD Hyundai Heavy Industries, Samsung Heavy Industries, and others—as its core clients. Recently, it established a corporate research institute and has started developing smart and unmanned cranes. The company plans to introduce smart solutions optimized for marine environments by integrating AI and robotics with its existing manufacturing technology.

A company representative stated, "This acquisition is a strategic decision to secure a stable cash cow based on our telecommunications business while expanding our future growth business in marine AI robotics. We will strengthen our partnerships with the three major shipbuilders and secure new growth engines to continuously enhance our corporate value."

This content was produced with the assistance of AI translation services.