Humax Holdings
Daily close in US$ at the latest USD/KRW close. Source: KRX via FinanceDataReader.
Humax Holdings is a holding company, a firm that owns controlling stakes in other businesses, whose main operating subsidiary provides IT services such as consulting, system integration, and outsourcing to corporate and public-sector clients.
Its IT arm also supplies software solutions covering legal-management systems, enterprise-wide search tools, and smart-factory production management. Listed on KOSDAQ, Korea's tech-focused small-cap exchange, the business is structured so that the holding company oversees strategy while the IT subsidiary operates independently.
Summary is AI-generated and may contain errors · figures from DART filings
As a holding company, Humax Holdings does not operate businesses directly but instead controls subsidiaries, a corporate structure that is common among Korean firms seeking clearer governance and accountability.
Humax Holdings in five facts
What does Humax Holdings do?
Humax Holdings is a holding company, a firm that owns controlling stakes in other businesses, whose main operating subsidiary provides IT services such as consulting, system integration, and outsourcing to corporate and public-sector clients.
Where is Humax Holdings listed and in which sector?
Humax Holdings (Korean name: 휴맥스홀딩스) trades under KRX code 028080 on KOSDAQ, the Korea Exchange's board for smaller and growth companies. It is classified in the Information Technology sector, IT Services. It is no longer listed.
How large is Humax Holdings?
Its market capitalisation was US$9.5M on 2026-10-16, which puts it in this site's small-cap group. US$ amounts are converted from won at 1 USD ≈ ₩1,325 (2026-10-21).
What were Humax Holdings's latest annual revenue and operating profit?
For fiscal year 2025, Humax Holdings reported revenue of US$302.5M, an operating loss of US$21.6M and a net loss of US$63.2M, per its annual report on DART (data retrieved from DART on 2026-09-08). Revenue was down 26.2% on the previous year.
Where does this data come from?
Financial statements and filings come from DART, Korea's official corporate-filing system. Share prices, market capitalisation and trading status come from KRX. Company summaries are AI-generated from the filings and may contain errors; financial figures are mapped directly from DART.
Data sources and last updated
- Filings and financial statements
- DART (dart.fss.or.kr), Korea's official corporate-filing system
- Prices, market cap, trading status
- KRX (Korea Exchange), via FinanceDataReader
- Latest annual financials
- Fiscal year 2025, data retrieved from DART on 2026-09-08
- Share price and market cap
- Close of 2026-10-16
- Currency
- US$, converted from won at 1 USD ≈ ₩1,325 (2026-10-21 close)
- Company data updated
- 2026-10-18
- Company summary
- AI-generated from filings; may contain errors. Information only, not investment advice.
- Report on securities held by executives/major shareholdersOct 12
- Report on large shareholdings (5% rule) (abbreviated)Oct 12
- Report on large shareholdings (5% rule) (standard)Oct 12
- Report on securities held by executives/major shareholdersOct 12
- Other market noticeOct 7
- Other market notice (delisting risk notice: market cap below threshold)Sep 22
- Trading suspension (share consolidation/split registration)M&A · Sep 22
- [Amended] Material event report (merger)
Humax Holdings (5th amendment) will be absorbed into Humax at a ratio of 1:0.9646707, with 2,341,313 Humax new shares to be issued (down from 2,440,946 after cancelling 103,286 treasury shares from an early exchange-bond redemption); an independent special committee and outside valuator (Bohyun Accounting Corp., valuing the merger ratio at 1:0.957510-1:0.995947) and legal counsel (Klass Hankyul) both found the statutory-price-based ratio fair, amid looming KOSDAQ market-cap delisting thresholds for both companies.
M&A · Aug 11 - [Amended] Material event report (merger)
Humax Holdings Co., Ltd. (to be dissolved) will be absorbed into subsidiary Humax Co., Ltd. (surviving company, to be renamed "Humax Co., Ltd.") at a merger ratio of 1:0.9646707, with target largest shareholder Byun Dae-gyu holding an estimated 16.61% post-merger; the 4th amendment adds disclosure that Humax Holdings was designated an administrative issue on August 3, 2026 for market capitalization below US$14.1M for 30 consecutive trading days, with listing-delisting risk if unresolved within 45 trading days.
M&A · Aug 5 - [Amended] Material event report (merger)
In its third amendment to the June 30, 2026 filing, Humax Holdings confirms the reverse merger in which Humax Co., Ltd. will absorb its parent Humax Holdings at a ratio of 1:0.9646707 (merger prices US$3.98 and US$3.84 per share), driven by both companies' delisting risk; Byun Dae-gyu becomes largest shareholder (expected 16.61%) after Humax Holdings' 1,535,273 Humax shares are retired, with the merger effective October 1, 2026 and new shares listing October 19, 2026.
M&A · Jul 31 - Material event report (decision to redeem own convertible bonds early)
Humax Holdings decided on 2026-07-31 to acquire US$634K face value of its Series 10 convertible bonds before maturity for US$660K from bondholder SOQRI LLC, retiring the bonds in full and leaving no balance outstanding.
Capital raise · Jul 31 - [Amended] Material event report (merger)
Humax Holdings Co., Ltd. filed its second amendment to the June 30, 2026 merger report under which Humax Co., Ltd. (the surviving company) absorbs and dissolves Humax Holdings; the amendment only corrects a labeling error in an independence-checklist table (counterparty name), with the merger ratio of 1 : 0.9646707, merger date October 1, 2026 and no other change to deal terms.
M&A · Jul 23 - [Amended] Material event report (merger)
Humax Holdings Co., Ltd., the company being absorbed into Humax Co., Ltd. by merger, amends its June 30, 2026 report to reflect completion of the cancellation of its own 2,179 treasury shares from a share consolidation, and discloses in full the fairness-enhancing measures behind the merger: an independent special committee (3 members), external legal and accounting advisors, a voluntary intrinsic-value appraisal confirming the statutory market-price-based merger ratio of 1:0.9646707 falls inside the fair range of 1:0.957510 to 1:0.995947, and a shareholder briefing, alongside detailed segment-level DCF valuations and balance sheets for both merging companies (condensed translation).
M&A · Jul 22 - Early redemption of exchangeable bonds
Humax Holdings Co., Ltd. redeemed US$661K face value of its Series 11 private exchangeable bonds (issued September 15, 2025, exchange price US$6.40 after a 5:1 stock consolidation) before maturity on July 13, 2026 for US$683K using its own funds, with the 103,286 underlying shares to be returned to the company.
Capital raise · Jul 13 - DisclosureM&A · Jul 9
- (correction order imposed) Material event report (merger)M&A · Jul 1
- Trading suspension (share consolidation/split registration)M&A · Apr 6
- [Amended] Change of 30% or more in revenue or profit/loss structure (15% for large companies)
Humax Holdings updated its previously filed consolidated results for FY2025: revenue of US$272M (−26.2% year on year), an operating loss of US$19.5M (from a profit a year earlier) and a net loss of US$55.7M.
Earnings · Mar 11 · 2 versions