1. What Happened?

Foreign institutional investors, including FIL Limited, sold approximately 170,000 shares (1.02% stake) of NHN KCP between June 23rd and July 14th. This reduced their stake from 5.43% to 4.41%. The official reason given was ‘simple stock disposal.’

2. Why the Sell-Off?

While the stated reason is ‘simple disposal,’ the weakening fundamentals of NHN KCP likely played a significant role.

  • Project Division Struggles: NHN KCP’s Q3 2025 earnings report revealed slowing growth in online payments and widening losses in the project division, leading to a decline in operating profit. The uncertain future of the ‘Bebit’ app and ‘GTPP’ platform has increased investor concerns.
  • Macroeconomic Uncertainty: Interest rate hikes in the US and Europe, along with increasing exchange rate volatility, have contributed to negative investor sentiment due to potential consumer spending decline and foreign exchange risks.
  • Declining Stock Price: The recent downward trend in NHN KCP’s stock price likely influenced the decision of foreign investors to sell.

3. What’s Next?

In the short term, downward pressure on the stock price is likely to continue. However, depending on the performance of ‘Bebit’ and ‘GTPP,’ improvements in the project division’s profitability, and changes in the macroeconomic environment, the stock price could rebound.

4. What Should Investors Do?

Investors considering NHN KCP should closely monitor the performance of the project division and macroeconomic indicators. Pay close attention to announcements regarding ‘Bebit’ and ‘GTPP,’ as well as any changes in management strategy. Significant short-term price volatility is expected, so careful consideration is advised.