[Market Focus] KG Mobility Soars 25% on Record Earnings Last Year

Sales Surpass 4 Trillion Won for the First Time in Company History

The stock price of KG Mobility surged after the company achieved its highest-ever annual sales last year.

As of 9:40 a.m. on January 28, KG Mobility was trading at 4,505 won, up 910 won (25.3%) from the previous trading day.

The previous day, KG Mobility announced that its consolidated sales for the previous year reached 4.2679 trillion won, a 9.3% increase compared to the year before. This is the first time in the company's history that sales have exceeded 4 trillion won. Operating profit jumped 2,408.5% to 35.9 billion won, while net profit rose 14.9% to 53.1 billion won. Both operating profit and net profit have remained in the black for three consecutive years since 2023.

KG Mobility explained, "We achieved record sales thanks to increased export volumes driven by the launch of the KGM brand in emerging global markets and the expanded release of new models such as the Musso EV and Torres Hybrid, as well as improved profitability and favorable exchange rates."