Police Raids Cosmorobotics Over Alleged 3.5 Billion Won Sales Inflation

Suspected of Falsely Reporting Sales by Fabricating Robot Transactions...
Allegedly Used the Figures During IPO Process
Approx. 3.5 Billion Won in Inflated Sales Claimed Through Rehabilitation Robots and European Subsidiary Transactions

The Financial Crimes Investigation Unit of the Seoul Metropolitan Police Agency has launched a compulsory investigation into Cosmorobotics, a company suspected of inflating its sales by several billion won.

On September 29, the Financial Crimes Investigation Unit of the Seoul Metropolitan Police Agency conducted a search and seizure at the Cosmorobotics office in Guro-gu, Seoul, on charges of violating the Capital Markets Act (unfair trading practices).

Cosmo Robotics company logo image. Cosmo Robotics

According to police, Cosmorobotics is suspected of having falsely recorded sales by fabricating a transaction in March of last year, making it appear that it sold some of its wearable rehabilitation robots to a corporation for about 400 million won. In December of the same year, the company is also accused of inflating overseas sales by appearing to sell robots through its European subsidiary for about 2 billion won.

The police believe that Cosmorobotics reflected approximately 3.5 billion won in false sales in its 2025 financial statements through these methods. They also suspect that the company presented these sales figures to investors during the listing process in the first half of this year to create the impression that its sales were growing steadily.

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