Refine
Daily close in US$ at the latest USD/KRW close. Source: KRX via FinanceDataReader.
Refine provides title-investigation services that help Korean banks and guarantee agencies check the legal status of a property before issuing a mortgage loan or rental-deposit guarantee, essentially verifying that a borrower's collateral is clean and unencumbered.
Its clients are financial institutions and guarantee bodies that outsource this due-diligence step. Listed on KOSDAQ, Korea's tech and small-cap board, the company earns the large majority of its revenue from a single service line: rights investigations tied to rental-deposit loans.
Summary is AI-generated and may contain errors · figures from DART filings
Refine holds patents on the business models it developed for rental-deposit loan title investigation and for a collateral-loan process that links property registration with risk hedging through a title-insurance partnership.
Refine in five facts
What does Refine do?
Refine provides title-investigation services that help Korean banks and guarantee agencies check the legal status of a property before issuing a mortgage loan or rental-deposit guarantee, essentially verifying that a borrower's collateral is clean and unencumbered.
Where is Refine listed and in which sector?
Refine (Korean name: 리파인) trades under KRX code 377450 on KOSDAQ, the Korea Exchange's board for smaller and growth companies. It is classified in the Information Technology sector, IT Services.
How large is Refine?
Its market capitalisation was US$183.1M on 2026-10-21, which puts it in this site's small-cap group. US$ amounts are converted from won at 1 USD ≈ ₩1,325 (2026-10-21).
What were Refine's latest annual revenue and operating profit?
For fiscal year 2025, Refine reported revenue of US$46.5M, operating profit of US$14.3M and net income of US$6.8M, per its annual report on DART (data retrieved from DART on 2026-06-03). Revenue was down 9.3% on the previous year.
Where does this data come from?
Financial statements and filings come from DART, Korea's official corporate-filing system. Share prices, market capitalisation and trading status come from KRX. Company summaries are AI-generated from the filings and may contain errors; financial figures are mapped directly from DART.
Data sources and last updated
- Filings and financial statements
- DART (dart.fss.or.kr), Korea's official corporate-filing system
- Prices, market cap, trading status
- KRX (Korea Exchange), via FinanceDataReader
- Latest annual financials
- Fiscal year 2025, data retrieved from DART on 2026-06-03
- Share price and market cap
- Close of 2026-10-21
- Currency
- US$, 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.
- DisclosureOct 19
- Shareholder register closure / record date setOct 2
- Resolution to convene a general shareholders' meeting (extraordinary meeting)Oct 2
- Report on securities held by executives/major shareholdersSep 23
- Report on securities held by executives/major shareholdersSep 23
- Report on securities held by executives/major shareholdersSep 23
- DisclosureSep 21
- Report on securities held by executives/major shareholdersSep 21
- Report on large shareholdings (5% rule) (standard)Sep 21
- [Amended] Share-pledge agreement that may change the largest shareholder
Refine's largest shareholder (RealtyFine Co., Ltd.) pledged shares as loan collateral to a financial company, securing up to US$97.9M.
Ownership change · Sep 18 · 2 versions - DisclosureSep 18
- Report on large shareholdings (5% rule) (standard)Sep 1
- Share-pledge agreement tied to the largest shareholder terminated/cancelled
A previously disclosed share pledge on Refine's largest shareholder (Realty Fine Co., Ltd.) was released or cancelled, freeing collateral of US$36.6M.
Ownership change · Aug 27 - [Amended] Share-pledge agreement that may change the largest shareholder
Refine's largest shareholder (RealtyFine Co., Ltd.) pledged shares as loan collateral, securing up to US$36.6M.
Ownership change · Aug 25 - Share-pledge agreement that may change the largest shareholder
Refine's largest shareholder (RealtyFine Co., Ltd.) pledged shares as loan collateral, securing up to US$36.6M.
Ownership change · Aug 25 - Cash/in-kind dividend decision
Refine declared a cash dividend of US$0.17 per share, equal to about 2.2% of the recent share price.
Dividend · Mar 16
