[Click eStock] "iToxxi, Ukraine Reconstruction Project Accelerates... Focus on Glass Panels and Pickup Truck Supply"

Independent research firm Valuefinder analyzed on the 4th that Itoksy is emerging as a key player in Ukraine reconstruction-related stocks.

Lee Chungheon, a researcher at Valuefinder, stated in a report on the same day, “Itoksy is the first Korean company to establish a joint venture (JV) in Ukraine and is promoting a flat glass factory construction project capable of producing about 30-40% of Ukraine's glass demand.” He added, “This project is financed 90% through loans supported by the World Bank and the UN's reconstruction aid, aiming to start operations in 2026.”

He also forecasted, “Starting next year, Itoksy plans to supply 30,000 Korean-made pickup trucks to the Ukrainian Ministry of Defense over three years, which will significantly drive the company's sales growth.”

Since its listing on KOSDAQ in 2002, Itoksy has established itself as a game publishing company, but after a change in the largest shareholder, it diversified its business into medical device distribution, commerce, and reconstruction projects. The existing gaming business also effectively expands sales through its self-developed platform ‘Inplinker,’ maintaining a stable source of revenue.

He analyzed, “Itoksy, which had experienced issues such as changes in the largest shareholder and trading suspension in the past, has built a stable management environment since Caremile became the largest shareholder in 2023. Currently, it receives unqualified audit opinions annually, and mid- to long-term performance improvement is expected through the simultaneous growth of the Ukraine reconstruction business and the gaming business.”