[Market Focus] Dawonsys Hits 11% Low Amid Conflict With Minority Shareholders' Alliance

Dawonsys is showing weakness in early trading.

As of 9:03 a.m. on October 22, 2025, Dawonsys was trading at 4,610 won, down 11.85% (620 won) from the previous day, marking a new 52-week low.

Recently, as conflicts between the Dawonsys owner family and minority shareholders have intensified, suspicions have been raised that a well-known retail investor surnamed Kim systematically mobilized the Dawonsys Minority Shareholders' Alliance to exert influence on the market. This is believed to have dampened investor sentiment.

Dawonsys, one of the top three railway vehicle manufacturers in Korea, has seen its main business of supplying electric trains stall. The company also established a subsidiary, Dawon Powertron, with a board composition and business objectives almost identical to those of Dawonsys, raising shareholder concerns over potential mismanagement.

Last month, the Dawonsys Minority Shareholders' Alliance submitted a petition to the presidential office and financial authorities, claiming that Dawonsys has heightened shareholder anxiety due to ▲ delays in railway vehicle deliveries and repeated penalty charges ▲ non-payment to subcontractors ▲ refusal to allow inspection of accounting books, among other issues.