FSN Resumes Trading... "Name Change and Stock Split"

[Asia Economy Reporter Hyunseok Yoo] FSN, a comprehensive digital marketing company listed on KOSDAQ, will resume trading from the 8th.

In June, FSN secured the position of the largest shareholder through the current management alliance corporation 'J2B'. Based on establishing a new management system, J2B held an extraordinary general meeting of shareholders in September aiming for image renewal, marking another turning point by enhancing corporate and shareholder value through a name change and stock consolidation.

Following the stock consolidation procedure from a face value of 100 KRW to 500 KRW, the number of FSN's listed shares decreased from 130,568,553 shares to 26,113,710 shares. During the trading suspension period due to the listing of new shares, the name change process was also completed, changing from Future Stream Networks to FSN.

FSN emphasized that the series of repeated changes under the new management system will lead to a complete transformation centered on growth businesses.

Following the first half of the year, which achieved record-high performance, FSN plans to make aggressive investments in new businesses in the second half. The company aims to transform from the existing 'Advertising Company Alliance' into a 'company that completes a value chain leading future industries' based on competitiveness and know-how in the marketing sector.

FSN CEO Junggyo Seo stated, “As we have welcomed positive changes both inside and outside the business this year, we will continue to strengthen market trust through responsible management fulfilling the duties of a listed company and active IR activities. Based on FSN’s core competitiveness in digital marketing capabilities, we plan to grow into a company leading future industries through active investment and challenges in new business sectors including tech (blockchain, platform, ad tech), commerce, and global.”

In the first half of the year on a consolidated basis, FSN recorded sales of 100.9 billion KRW and operating profit of 6.1 billion KRW, achieving the highest performance since its founding with growth rates of 43% and 703% respectively compared to the same period last year. The sales composition ratio by business sector was ▲Marketing 47% ▲Tech & Platform 32% ▲Commerce 21%, and by region was ▲Domestic 71% ▲Overseas 29%, demonstrating a stable business portfolio spanning existing core businesses and new ventures.

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