Ikon Industry's shares soared in early trading after the company announced its decision to dispose of land it owns. While the specific disposal amount has not yet been confirmed, the market appears to be reacting positively to expectations of securing funds through the sale of idle assets.
According to the Korea Exchange, as of 9:44 a.m. on the 25th, Ikon Industry's stock was trading at 3,470 won, up 800 won (29.96%) from the previous trading day.
As reported in the Financial Supervisory Service's electronic disclosure system, Ikon Industry's board of directors decided to proceed with the disposal of its tangible assets. The land in question is located in the Dohwa-dong area of Michuhol-gu, Incheon.
The total area of the land designated for disposal is 15,747.6 square meters. This land has been used for auxiliary facilities and is not the site of Ikon Industry's headquarters.
The book value of the land is approximately 27.386 billion won, which represents 6.84% of Ikon Industry's total assets as of the end of 2025, according to its consolidated financial statements. The actual disposal amount will be determined during the disposal process.
Ikon Industry stated, "The final disposal amount will be confirmed during the sale and disposal process. Currently, specific contract terms with the buyer have not been finalized." The company added that it will provide additional disclosures in accordance with relevant laws and regulations once the buyer, disposal amount, and contract terms are established.
* This article has been translated by AI.
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