[Edaily Reporter Kwon Oh Seok ] Namsung(004270)’s stock price is showing strength in early trading. The news that the company will conduct a stock split to enhance shareholder value and broaden its investor base appears to be driving the positive momentum.

According to MP Doctor on the 7th, as of 9:17 a.m., Namsung shares are trading at 7,480 won, up 6.40% from the previous trading day.
Earlier today, Namsung announced in a regulatory filing that it had decided to carry out a stock split, allocating 0.3 new shares for every 1 common share held (excluding treasury stock).
The number of shares subject to this stock split is 3,129,707 common shares, excluding treasury stock. Accordingly, the total number of issued shares is expected to increase from the current 3,621,216 shares to 4,560,128 shares. The record date for the new share allocation is July 22, and the new shares are scheduled to be listed on August 10. The funds for this will come from capital surplus, specifically the share premium.
The company explained that the purpose of this move is to enhance investment accessibility by expanding the number of shares in circulation and to share the fruits of its growth with existing shareholders.
Namsung is expanding its automotive electronics and mobility AI solutions businesses based on its North American distribution network. Recently, the company launched “NS DRAIVE,” a physical AI platform for vehicles, and is expanding its business from its existing hardware-centric model into the AI services and platforms sector.