Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>Infinitt Healthcare is a leading Korean healthcare IT solutions specializing in medical imaging and enterprise imaging platforms. It is the number one provider of PACS system in Korea. </li>
<li>Five major investment highlights include strong export growth, solid growth in sales and operating profits, number one player in PACS system in Korea, strong balance sheet, and attractive valuations. </li>
<li>The company has a strong balance sheet. Net cash was 150 billion won at the end of 1Q 2025, representing 95% of its market cap.</li>
</ul>


Infinitt Healthcare is a leading Korean healthcare IT solutions specializing in medical imaging and enterprise imaging platforms. It is the number one provider of PACS system in Korea. 
Five major investment highlights include strong export growth, solid growth in sales and operating profits, number one player in PACS system in Korea, strong balance sheet, and attractive valuations. 
The company has a strong balance sheet. Net cash was 150 billion won at the end of 1Q 2025, representing 95% of its market cap.


Korea Small Cap Gem #38: Infinitt Healthcare

Event-Driven

In this insight, we highlight 26 Korean companies that are/may be seeking to find new owners through M&amp;As in 2021. Key sectors of M&amp;A in Korea in 2021 include consumer and industrial. We also provide a review of our M&amp;A research in 2020. We wrote 29 reports about the M&amp;As in 2020. The M&amp;A market in Korea is estimated to be about 35 trillion won in 2020, down 8% YoY. The local media have mentioned that the M&amp;A market in Korea could be nearly <a href="https://finance.naver.com/news/news_read.nhn?article_id=0004711778&amp;office_id=009&amp;mode=LSS2D&amp;type=0&amp;section_id=101&amp;section_id2=258&amp;section_id3=&amp;date=20201207&amp;page=3" target="_blank" rel="noopener">45 trillion won</a> in 2021, up 29% YoY, which would surpass the all-time high of 38 trillion won in 2019.

In this insight, we highlight 26 Korean companies that are/may be seeking to find new owners through M&amp;As in 2021. Key sectors of M&amp;A in Korea in 2021 include consumer and industrial. We also provide a review of our M&amp;A research in 2020. We wrote 29 reports about the M&amp;As in 2020. The M&amp;A market in Korea is estimated to be about 35 trillion won in 2020, down 8% YoY. The local media have mentioned that the M&amp;A market in Korea could be nearly 45 trillion won in 2021, up 29% YoY, which would surpass the all-time high of 38 trillion won in 2019.  

Review of Our M&A Research in 2020 & Korea M&A Market Outlook in 2021: What’s For Sale?

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Thematic (Sector/Industry)

Following are the results of the spectrum auction held on April 29 and May 2.Total spectrums to be allocated: 140㎒ (5 blocks):Block A: 700㎒ band (40㎒) - KRW762.0b for 10 years Block B: 1.8㎓ band (20㎒) - KRW451.3b for 10 years Block C: 2.1㎓ band (20㎒) - KRW381.6b for 5 years Block D: 2.6㎓ band (40㎒) - KRW655.3b for 10 years Block E: 2.6㎓ band (20㎒) - KRW327.7b for 10 years<ol><li>
SK Telecom took Block D and Block E: Block D: 2.6㎓ band (40㎒) - KRW950.0b (paid KRW294.7b more) Block E: 2.6㎓ band (20㎒) - KRW327.7b…</li></ol>

Following are the results of the spectrum auction held on April 29 and May 2.Total spectrums to be allocated: 140㎒ (5 blocks):Block A: 700㎒ band (40㎒) - KRW762.0b for 10 years Block B: 1.8㎓ band (20㎒) - KRW451.3b for 10 years Block C: 2.1㎓ band (20㎒) - KRW381.6b for 5 years Block D: 2.6㎓ band (40㎒) - KRW655.3b for 10 years Block E: 2.6㎓ band (20㎒) - KRW327.7b for 10 years
SK Telecom took Block D and Block E: Block D: 2.6㎓ band (40㎒) - KRW950.0b (paid KRW294.7b more) Block E: 2.6㎓ band (20㎒) - KRW327.7b…

Korea's Spectrum Auction Is Completed: Summary and Analysis

1. Auction Schedule<ul>
<li>MSIP (Ministry of Science, ICT and Future Planning) plans to receive auction applications starting next week.</li>
<li>MSIP plans to conduct actual auction in April (but can be postponed to May at the latest depending on the outcome of applicant qualification review).</li>
</ul>2. Auction Detail<ul><li>Total spectrums to be allocated: 140㎒ (5 blocks) - 700㎒ band: 40㎒ - 1.8㎓ band: 20㎒ - 2.1㎓ band: 20㎒ - 2.6㎓ band 40㎒ and 20㎒</li></ul><ul><li>Base price (These are the minimum prices. Actual prices will likely rise.) - 700㎒ band…</li></ul>

1. Auction Schedule
MSIP (Ministry of Science, ICT and Future Planning) plans to receive auction applications starting next week.
MSIP plans to conduct actual auction in April (but can be postponed to May at the latest depending on the outcome of applicant qualification review).
2. Auction DetailTotal spectrums to be allocated: 140㎒ (5 blocks) - 700㎒ band: 40㎒ - 1.8㎓ band: 20㎒ - 2.1㎓ band: 20㎒ - 2.6㎓ band 40㎒ and 20㎒Base price (These are the minimum prices. Actual prices will likely rise.) - 700㎒ band…

What You Should Know About Korea's Upcoming Spectrum Auction

South Korea

Solborn Inc. is holding company. Through its subsidiaries, the company engage in medical image processing systems, Newspaper publishing, and printing business.

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