Mgen Solutions
Daily close in US$ at the latest USD/KRW close. Source: KRX via FinanceDataReader.
Mgen Solutions is a South Korean company listed on KOSDAQ, the country's tech and small-cap exchange, that operates across three main areas: building and managing broadband communication networks and supplying smart-home and AI-based safety systems to local government bodies; manufacturing electronic components such as transformers and inductors for consumer electronics makers; and conducting research into tissue-engineering medical devices aimed at repairing musculoskeletal injuries.
Government agencies and global electronics manufacturers are among its principal customers. The company runs these businesses through distinct divisions, including a Vietnamese manufacturing subsidiary that produces electronic components.
Summary is AI-generated and may contain errors · figures from DART filings
Its electronic-components manufacturing is carried out through a Vietnamese subsidiary, MGENTECH, established to supply global consumer-electronics companies.
Mgen Solutions in five facts
What does Mgen Solutions do?
Mgen Solutions is a South Korean company listed on KOSDAQ, the country's tech and small-cap exchange, that operates across three main areas: building and managing broadband communication networks and supplying smart-home and AI-based safety systems to local government bodies; manufacturing electronic components such as transformers and inductors for consumer electronics makers; and conducting research into tissue-engineering medical devices aimed at repairing musculoskeletal injuries.
Where is Mgen Solutions listed and in which sector?
Mgen Solutions (Korean name: 엠젠솔루션) trades under KRX code 032790 on KOSDAQ, the Korea Exchange's board for smaller and growth companies. It is classified in the Industrials sector, Trading & Distribution.
How large is Mgen Solutions?
Its market capitalisation was US$24.2M on 2026-10-21, which puts it in this site's small-cap group. US$ amounts are converted from won at 1 USD ≈ ₩1,325 (2026-10-21).
What were Mgen Solutions's latest annual revenue and operating profit?
For fiscal year 2025, Mgen Solutions reported revenue of US$21.6M, an operating loss of US$7.8M and a net loss of US$12.3M, per its annual report on DART (data retrieved from DART on 2026-09-08). Revenue was down 33.0% on the previous year.
Where does this data come from?
Financial statements and filings come from DART, Korea's official corporate-filing system. Share prices, market capitalisation and trading status come from KRX. Company summaries are AI-generated from the filings and may contain errors; financial figures are mapped directly from DART.
Data sources and last updated
- Filings and financial statements
- DART (dart.fss.or.kr), Korea's official corporate-filing system
- Prices, market cap, trading status
- KRX (Korea Exchange), via FinanceDataReader
- Latest annual financials
- Fiscal year 2025, data retrieved from DART on 2026-09-08
- Share price and market cap
- Close of 2026-10-21
- Currency
- US$, converted from won at 1 USD ≈ ₩1,325 (2026-10-21 close)
- Company data updated
- 2026-10-21
- Company summary
- AI-generated from filings; may contain errors. Information only, not investment advice.
- Report on large shareholdings (5% rule) (standard)Oct 21
- Conversion price adjustmentOct 16
- Court judgment/ruling on litigationOct 14
- Securities issuance results (voluntary)Oct 14
- Appointment/dismissal/resignation of an independent directorOct 14
- Results of extraordinary shareholders' meetingOct 13
- Change of CEOOct 13
- [Amended] Material event report (rights offering)
Mgen Solutions updated the terms of convertible bonds to raise US$2.99M, about 12.7% of its market value.
Capital raise · Oct 6 - [Amended] Material event report (rights offering)
Mgen Solutions updated the terms of a private placement (third-party allotment) to raise US$3.74M, about 15.9% of its market value.
Capital raise · Oct 6 - [Amended] Material event report (rights offering)
Mgen Solutions updated the terms of a private placement (third-party allotment) to raise US$1.47M, about 6.4% of its market value.
Capital raise · Oct 1 - [Amended] Resolution to convene a general shareholders' meeting (extraordinary meeting)Sep 28
- Early redemption of convertible bonds (incl. overseas CBs)Capital raise · Sep 28
- Proxy solicitation reference documentSep 28
- Notice of general shareholders' meetingSep 28
- DisclosureSep 21
- Material event report (decision to redeem own convertible bonds early)Capital raise · Sep 21
- Court judgment/ruling on litigationSep 18
- Trading suspension liftedSep 18
- DisclosureSep 18
- DisclosureSep 18
- DisclosureSep 17
- Reply to exchange inquiry (rumor/report) (unconfirmed)Sep 17
- Securities issuance results (voluntary)Sep 17
- DisclosureSep 17
- Exchange inquiry (rumor/report)Sep 16
- Trading suspensionSep 16
- DisclosureSep 14
- [Amended] Agreement on change of control signed
Mgen Solutions's controlling stake is now set to change hands from an individual and 1 other to Jijentek Investment Partnership, in a deal worth US$6.67M.
Ownership change · Sep 11 · 2 versions - [Amended] Material event report (rights offering)
Mgen Solutions updated the terms of a private placement (third-party allotment) to raise US$1.48M, about 6.4% of its market value.
Capital raise · Sep 10 - Small public offering disclosure (equity)Sep 10
- Material event report (rights offering)
Mgen Solutions disclosed a private placement (third-party allotment) to raise US$1.48M, about 6.4% of its market value.
Capital raise · Sep 10 - Material event report (rights offering)
Mgen Solutions disclosed a private placement (third-party allotment) to raise US$3.71M, about 15.9% of its market value.
Capital raise · Sep 10 - Report on securities held by executives/major shareholdersSep 7
- Early redemption of convertible bonds (incl. overseas CBs)
Mgen Solutions Co., Ltd. acquired US$353K face value of its Series 23 convertible bonds (issued 2024-08-13, maturing 2027-08-13, conversion price US$1.46 per share, as adjusted on 2025-10-10) on 2026-08-14 for US$354K (principal plus separately agreed interest) by agreement with the bondholder, via over-the-counter purchase, leaving US$1.06M of the bonds outstanding; the acquired bonds are planned to be re-sold to a third party or retired.
Capital raise · Aug 14 - Material event report (decision to redeem own convertible bonds early)Capital raise · Jun 30
- [Amended] Material event report (decision to sell own convertible bonds)Capital raise · Jun 15
- [Amended] Material event report (convertible bonds)
Mgen Solutions updated the terms of convertible bonds to raise US$1.97M, about 9.6% of its market value.
Capital raise · Jun 9 - [Attachment amended] Material event report (convertible bonds)Capital raise · Jun 5
- [Amended] Material event report (convertible bonds)
Mgen Solutions updated the terms of convertible bonds to raise US$2.05M, about 9.9% of its market value.
Capital raise · Jun 1 - [Amended] Material event report (decision to sell own convertible bonds)Capital raise · May 28