[Market Focus] KS Industry Surges on Announcement of Largest Shareholder Change

As of 9:20 a.m. on October 1, 2025, shares of KS Industry, a company specializing in the production and repair of ship cranes, were trading at 1,207 won on the KOSDAQ market, up 23.16% from the previous closing price. This appears to be due to the announcement regarding changes in the largest shareholder and management.

On September 29 and 30, KS Industry announced through regulatory filings that it would hold an extraordinary general meeting of shareholders to approve the replacement of its management and to change the recipient of a 10 billion won paid-in capital increase to Giant Chemical. The new management team will include CEO Kang Dongkyun and several executives from Giant Chemical.

Previously, KS Industry had been designated as an unfaithful disclosure corporation by the Korea Exchange due to the withdrawal of a 6 billion won paid-in capital increase and the postponement of a 10 billion won payment.

The soon-to-be largest shareholder, Giant Chemical, is a company specializing in the production of basic inorganic chemicals and was established in Yangsan, South Gyeongsang Province, in 2015. The company succeeded in developing and localizing a functional adsorbent called "magnesium silicate."