Korea SPAC 3 (222080) - Net Assets

Latest as of June 2026: ₩533.37 Billion KRW ≈ $361.46 Million USD

Based on the latest financial reports, Korea SPAC 3 (222080) has net assets worth ₩533.37 Billion KRW (≈ $361.46 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩689.68 Billion ≈ $467.39 Million USD) and total liabilities (₩156.31 Billion ≈ $105.93 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See how leveraged is Korea SPAC 3's balance sheet to measure how much of total assets are equity-financed.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩533.37 Billion
% of Total Assets	77.34%
Annual Growth Rate	50.1%
5-Year Change	345.77%
10-Year Change	N/A
Growth Volatility	75.33

Korea SPAC 3 - Net Assets Trend (2016–2025)

This chart illustrates how Korea SPAC 3's net assets have evolved over time, based on quarterly financial data. Also explore Korea SPAC 3 (222080) equity growth momentum to track the company's year-over-year net asset growth rate.

Annual Net Assets for Korea SPAC 3 (2016–2025)

The table below shows the annual net assets of Korea SPAC 3 from 2016 to 2025. For live market cap and overall valuation, see Korea SPAC 3 market cap and net worth.

Year	Net Assets	Change
2025-12-31	₩507.69 Billion ≈ $344.05 Million	+6.05%
2024-12-31	₩478.74 Billion ≈ $324.44 Million	+80.23%
2023-12-31	₩265.62 Billion ≈ $180.01 Million	+93.37%
2022-12-31	₩137.37 Billion ≈ $93.09 Million	+20.61%
2021-12-31	₩113.89 Billion ≈ $77.18 Million	+76.65%
2020-12-31	₩64.47 Billion ≈ $43.69 Million	+29.80%
2019-12-31	₩49.67 Billion ≈ $33.66 Million	+31.42%
2018-12-31	₩37.79 Billion ≈ $25.61 Million	-18.37%
2017-12-31	₩46.30 Billion ≈ $31.37 Million	+252.49%
2016-12-31	₩13.13 Billion ≈ $8.90 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Korea SPAC 3's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 305.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩120.75 Billion	23.78%
Other Components	₩386.94 Billion	76.22%
Total Equity	₩507.69 Billion	100.00%

Korea SPAC 3 Competitors by Market Cap

The table below lists competitors of Korea SPAC 3 ranked by their market capitalization.

Company	Market Cap
Hefei Taihe Optoelectronic SHG:603656	$457.51 Million
Sailfish Royalty Corp V:FISH	$457.57 Million
Ipd Group Ltd AU:IPG	$457.62 Million
Tianjin Realty Development Group Co Ltd SHG:600322	$457.89 Million
Guangdong Qunxing Toys Joint-Stock Co Ltd SHE:002575	$457.38 Million
Venus Pipes & Tubes Limited NSE:VENUSPIPES	$457.35 Million
CHC Resources Corp TW:9930	$457.29 Million
Nuveen Multi-Asset Income Fund NYSE:NMAI	$457.26 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Korea SPAC 3's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 478,739,602,530 to 507,689,682,230, a change of 28,950,079,700 (6.0%).
Net income of 28,731,605,550 contributed positively to equity growth.
Share repurchases of 27,746,250 reduced equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩28.73 Billion	+5.66%
Share Repurchases	₩27.75 Million	-0.01%
Other Changes	₩246.22 Million	+0.05%
Total Change	₩-	6.05%

Book Value vs Market Value Analysis

This analysis compares Korea SPAC 3's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.32x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 4.63x to 1.32x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	₩1876.32	₩8680.00	x
2017-12-31	₩868.76	₩8680.00	x
2018-12-31	₩709.21	₩8680.00	x
2019-12-31	₩881.74	₩8680.00	x
2020-12-31	₩1121.44	₩8680.00	x
2021-12-31	₩1853.75	₩8680.00	x
2022-12-31	₩2221.06	₩8680.00	x
2023-12-31	₩3746.90	₩8680.00	x
2024-12-31	₩6187.52	₩8680.00	x
2025-12-31	₩6562.41	₩8680.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Korea SPAC 3 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 5.66%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.06%
• Asset Turnover: 0.62x
• Equity Multiplier: 1.30x
Recent ROE (5.66%) is above the historical average (-0.91%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	-2.20%	-0.38%	5.13x	1.13x	₩-1.60 Billion
2017	-15.95%	-28.27%	0.24x	2.39x	₩-12.01 Billion
2018	-22.17%	-19.22%	0.26x	4.43x	₩-12.16 Billion
2019	22.78%	11.25%	0.59x	3.42x	₩6.35 Billion
2020	-6.84%	-3.74%	0.50x	3.63x	₩-10.86 Billion
2021	-21.58%	-18.52%	0.42x	2.80x	₩-35.97 Billion
2022	8.51%	7.33%	0.36x	3.23x	₩-2.05 Billion
2023	10.98%	9.32%	0.52x	2.27x	₩2.59 Billion
2024	11.75%	11.06%	0.69x	1.53x	₩8.37 Billion
2025	5.66%	7.06%	0.62x	1.30x	₩-22.04 Billion

Industry Comparison

This section compares Korea SPAC 3's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $243,813,157,146
Average return on equity (ROE) among peers: 1.09%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Korea SPAC 3 (222080)	₩533.37 Billion	-2.20%	0.29x	$457.48 Million
Hwacheon Mac (000850)	$249.68 Billion	5.89%	0.40x	$54.49 Million
Daidong Elec (008110)	$128.79 Billion	1.39%	0.25x	$71.25 Million
Booster Co. Ltd (008470)	$73.65 Billion	4.74%	0.28x	$18.44 Million
Simpac (009160)	$115.79 Billion	7.76%	0.41x	$182.20 Million
Kyung Dong Navien Co Ltd (009450)	$348.16 Billion	11.96%	1.11x	$599.43 Million
Korea Refract (010040)	$129.43 Billion	5.52%	0.58x	$40.68 Million
Woojin I&S Co Ltd (010400)	$72.88 Billion	-30.42%	0.26x	$18.54 Million
Hwacheon Machi (010660)	$126.25 Billion	1.83%	0.27x	$44.88 Million
Han Shin Mach (011700)	$87.56 Billion	-0.51%	0.37x	$54.69 Million
STX Corporation (011810)	$1.11 Trillion	2.74%	2.58x	$74.11 Million

About Korea SPAC 3

KQ:222080 Korea Specialty Industrial Machinery

Market Cap

$457.48 Million

₩675.06 Billion KRW

Market Cap Rank

#12813 Global

#377 in Korea

Share Price

₩8680.00

Change (1 day)

+2.60%

52-Week Range

₩5940.00 - ₩18650.00

All Time High

₩21400.00