Korea Stock Market Insights

Tag: Virtual Assets

Neowiz IR Analysis: Soaring with Lies of P, Can Growth Momentum Continue?
Will Neowiz Soar Higher with Lies of P?

Neowiz presented its mid-to-long-term strategies and business performance at Shinhan Investment Corp.’s Corporate Day on September 1, 2025. While the success of the Lies of P DLC and the steady performance of Brown Dust 2 are positive signs, intensifying competition and uncertainties in the virtual asset market remain risk factors. Delve into this IR analysis to understand Neowiz’s investment value.
1. Neowiz IR: What Was Discussed?

Neowiz unveiled its mid-to-long-term growth strategies and current business status at Shinhan Investment Corp.’s Corporate Day on September 1, 2025. Key topics included the expansion strategy for the Lies of P IP, the new game lineup, and the Web3 game platform ‘Intella X’. They analyzed the strong performance of the gaming business in the first half of 2025 and outlined plans to secure future growth engines.

2. What are the Key Growth Drivers and Risks?

✅ Positive Factors
- Lies of P IP expansion and stable performance of Brown Dust 2
- Treasury stock acquisition to enhance shareholder value
- Continued high level of R&D investment
❌ Negative Factors
- Need for proactive response to intensifying competition and new technology adoption
- Uncertainty and regulatory risks in the virtual asset business
- Need for clear explanation of declining sales and presentation of growth strategies
3. Post-IR: What Should Investors Do?

Investors should carefully analyze the IR presentation and examine the specific implementation plans for mid-to-long-term strategies and risk management measures for the virtual asset business. It is crucial to consider factors such as competitiveness against rivals, strategies for responding to market trend changes, and financial soundness when making investment decisions.
Frequently Asked Questions

What are Neowiz’s main games?

Lies of P, Brown Dust 2, and Cats & Soup are some of their key titles.

What is Neowiz’s virtual asset business?

They operate the Web3 game platform ‘Intella X’ and are working on issuing related tokens and building the ecosystem.

What are Neowiz’s future growth strategies?

They are pursuing the expansion of the Lies of P IP, development of new games, and expansion of the Web3 game platform business.
08/22/2025
Danal (064260) H1 2025 Earnings Analysis: Crisis or Opportunity?
Danal’s H1 2025 Earnings: Navigating Innovation and Uncertainty

Fintech company Danal released its H1 2025 earnings, revealing a mixed bag. Despite a stable foundation in its payment business and efforts to expand into new sectors, declining revenue and a substantial net loss have sparked investor concern. Can Danal overcome these challenges and return to a growth trajectory? This analysis delves into Danal’s H1 2025 performance, examining key business trends, financial health, and future prospects.
1. What Happened? Danal’s H1 2025 Performance

Danal reported revenue of KRW 113.2 billion (down 16.5% YoY), operating profit of KRW 3.3 billion (down 68.1% YoY), and a net loss of KRW 20.1 billion for H1 2025. Both revenue and operating profit declined, with the net loss figure particularly concerning.

2. Why These Results? Unpacking the Underperformance

Danal’s struggles stem from a combination of increased investment costs, underperforming subsidiaries, and intensifying competition. Initial expenses related to new business ventures and international expansion weighed heavily on the results. Furthermore, increased competition in the payments market and macroeconomic uncertainty contributed to the decline.

3. What’s Next? Danal’s Future Outlook

Danal continues to invest in future growth drivers like AI, virtual assets, and K-content, while also strengthening global partnerships. These efforts could position the company for long-term success. However, in the near term, improving profitability and ensuring financial stability are paramount.

4. What Should Investors Do? Key Investment Takeaways
- Cautious Approach: Given the current underperformance and financial uncertainty, investors should approach Danal with caution.
- Monitor Key Metrics: Closely track profitability trends, the performance of new businesses, debt management, and risks related to Tmon.
- Long-Term Perspective: Consider Danal’s innovative business model and growth potential from a long-term investment perspective.
How did Danal perform in H1 2025?

Danal reported revenue of KRW 113.2 billion (down 16.5% YoY), operating profit of KRW 3.3 billion (down 68.1% YoY), and a net loss of KRW 20.1 billion for H1 2025.

What are the reasons for Danal’s underperformance?

Increased investment costs, underperforming subsidiaries, and intensified competition contributed to the decline.

What is the outlook for Danal?

Investments in AI, virtual assets, and K-content are positive, but improving profitability and financial stability are crucial in the short term.

What should investors consider?

Approach with caution due to current underperformance and financial uncertainty, and closely monitor key metrics.
08/21/2025
Joycity Q2 2025 Earnings Analysis: Unveiling Growth Potential and Investment Risks
Joycity Q2 Earnings: A Sign of Growth or a Warning Sign?

Joycity has released its Q2 2025 preliminary earnings. While the increase in operating profit appears positive, the continued net loss raises concerns for investors. Does Joycity hold hidden growth potential, or is it facing a crisis? This report provides an in-depth analysis of Joycity’s Q2 earnings and key investment points.
1. Joycity’s Q2 2025 Earnings: Mixed Signals

Joycity’s Q2 2025 revenue reached KRW 33 billion, slightly down year-over-year, while operating profit significantly increased to KRW 3.1 billion. However, a net loss of KRW 0.2 billion persists. Efficient cost management is positive, but the continued net loss is a concern.

2. Fundamental Analysis: Growth Drivers and Risk Factors
- Positive Factors: Efficient cost management, overseas market growth, diverse game portfolio
- Negative Factors: High debt ratio, losses related to virtual assets, potential delays in new game releases
3. External Environment Analysis: Macroeconomic and Market Conditions

High interest rates in the US and Europe, along with rising raw material prices, could negatively impact Joycity. Conversely, the trend of interest rate cuts in Korea can be a positive factor.

4. Investor Action Plan: Careful Observation Required

Joycity’s future hinges on continued efficient cost management, successful new game launches, and a review of its virtual asset investment strategy. Investors should carefully monitor these factors and make prudent investment decisions.
Frequently Asked Questions

What are the key takeaways from Joycity’s Q2 earnings?

While revenue slightly decreased year-over-year, operating profit saw a significant increase. However, a net loss continues. This suggests efficient cost management but highlights profitability as an ongoing challenge.

Is it a good time to invest in Joycity?

Joycity presents both growth potential and risks. Before making an investment decision, consider the positive and negative factors, external environment, and future strategies comprehensively. Seeking professional advice is also recommended.

What is the outlook for Joycity?

Successful new game launches, overseas market expansion, and a review of its virtual asset strategy are key factors that will determine Joycity’s future growth.
07/23/2025