Bident Included in MSCI Global Small Cap Index Korea Segment

[Asia Economy Reporter Hyunseok Yoo] Bident announced on the 28th that it has been newly included in the MSCI Global Small Cap Indexes Korea segment. The MSCI index announced this month corresponds to the semi-annual review in the regular report.

MSCI (Morgan Stanley Capital International), a subsidiary of Morgan Stanley, is considered a representative global stock market classification institution alongside the UK's FTSE, the US's S&P, and Dow Jones. The MSCI index is a global stock index widely known as an investment benchmark for global funds. The MSCI Small Cap Index is also used as a basic indicator for global small and mid-cap stock investments.

Kim Sung-kwon, Head of Public Relations at Bident, said, "Bident is a broadcasting display specialist company and is the only domestic company ranked third worldwide following Japan's SONY and the US SmallHD, acquired by the UK's Vitec Group," adding, "Along with existing businesses, explosive growth has been achieved, such as generating a net profit of 97.3 billion KRW in the first quarter of this year due to the effects of cryptocurrency investments."

He added, "Bident being listed on the MSCI Global Small Cap Index is a meaningful achievement indicating that the company's future value has been highly evaluated," and "Interest from domestic and global overseas investors is expected."

The company recently disclosed that its consolidated net profit for the first quarter increased approximately 4800% year-on-year to 97,277,780,000 KRW. With the rise in Bident's corporate value, the financial structure of related companies has also improved. InvioGen, the largest shareholder of Bident, turned profitable with a net profit of 41.8 billion KRW in the first quarter, and Bucket Studio, the largest shareholder of InvioGen, also succeeded in turning profitable with a net profit of 7.7 billion KRW.

Meanwhile, Bident holds a 10.25% stake in Bithumb Korea, the operator of Bithumb, the largest domestic cryptocurrency exchange. Bithumb Korea recorded sales of 250.2 billion KRW and a net profit of 222.5 billion KRW in the first quarter. Bident also holds a 34.22% stake in Bithumb Holdings, the holding company of Bithumb Korea.

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