[Featured Stock] Younglimwon Soft Lab Shows 'Weakness' on First Day of KOSDAQ Listing

[Asia Economy Reporter Yoo Hyun-seok] Younglimwon Soft Lab, a software company specializing in Enterprise Resource Planning (ERP) systems, is experiencing a decline on its first day listed on the KOSDAQ.

As of the morning of the 12th, Younglimwon Soft Lab's stock price traded at 15,900 KRW, down 9.66% (1,700 KRW) from the opening price of 17,600 KRW. However, it remains above the public offering price of 11,500 KRW.

Younglimwon Soft Lab set its public offering price at 11,500 KRW, the top end of the expected price range (9,500 to 11,500 KRW), during the institutional investor demand forecast conducted on the 27th and 28th of last month.

Founded in 1993, Younglimwon Soft Lab specializes in developing and selling ERP platforms. After launching 'K-System,' considered an ERP solution, the company has secured approximately 2,000 clients across various industries including food, distribution, IT, apparel, and furniture. Last year, the company reported sales of 37.9 billion KRW and an operating profit of 4.2 billion KRW.