1. What Happened? : Jusung Corporation’s 2025 Semi-Annual Performance

Jusung Corporation reported a 37.09% year-over-year increase in revenue to KRW 40.682 billion in the first half of 2025, driven by significant growth in its logistics business. However, operating profit decreased by 1.61% to KRW 17.477 billion, and net income plummeted by 64.75% to KRW 13.919 billion, highlighting a serious profitability issue.

2. Why Did This Happen? : Analyzing the Profitability Decline

Despite the revenue growth, profitability declined primarily due to increased selling, general, and administrative expenses, and financial costs. Decreased financial income, increased financial expenses, and foreign exchange losses also significantly impacted net income. High R&D expenses also put pressure on short-term profitability.

3. What’s Next? : Jusung Corporation Investment Outlook

While the growth in the logistics business is positive, reversing the declining profitability trend is crucial. The company’s past delisting also poses a challenge for regaining investor confidence. Growth in the 5G/6G telecom equipment market presents opportunities, but responding to intensifying competition and technological changes is vital.

4. What Should Investors Do? : Action Plan

  • • Closely monitor future earnings releases for signs of profitability improvement.
  • • Continuously assess the company’s cost management capabilities and the stable performance of its new businesses.
  • • Pay attention to foreign exchange volatility, macroeconomic trends, and industry dynamics.