Upload
others
View
0
Download
0
Embed Size (px)
Citation preview
Dec, 2013
Disclaimer
※ This presentation is given to investors for their convenience and for informational purposes ONLY.
Interpark does not make any representations or warranties, expressed or implied, as to the accuracy or completeness of
the information regarding the plan, estimates and projections contained in this presentation.
Such estimates and projections are subject to change according to circumstances.
Stand alone financial statements of Interpark Corp. have not been audited or reviewed by an independent auditor.
Neither consolidated financial statements of the holding company nor financial statements of subsidiaries have been
audited or reviewed.
Hence, numbers in financial statements might be revised based on the results of the independent auditor’s audit or
review.
Also, “GMV”(Gross Merchandise Volume) on this document is different from revenue on the financial statements.
2
Table of Contents
1. Introduction of Interpark------------------------------------------------------------------------ 4
2. Investment Highlight------------------------------------------------------------------------------- 8
3. The Growth in IMK ---------------------------------------------------------------------------------- 22
* Appendix
3
1. Introduction of Interpark
Company Profile
Company History
Interpark & Subsidiaries
4
35.9%
Company Profile Structure of Shareholders
Outstanding Shares : 60,842,093 (100%)
Company Profile
As of 10 Dec. 2013
Ki-hyung Lee (CEO)
Foreign Investors
15.5%
Others 31.9%
Treasury Stock 9.1%
National Pension 7.6%
Interpark Corporation (Holding company)
CEO: Ki-hyung Lee (Founder)
June 1996 : Opened first on-line shopping mall in Korea
June 1999 : Listed on KOSDAQ
Dec. 2006 : Converted to the holding company
Interpark INT (B2C) / iMarket Korea (B2B)
Employees : About 2,300 members
- Interpark : 16 members
- Interpark INT : 838members (included Interpark Tour : 196)
- IMK : 540 members
5
Company History As the pioneer of domestic e-commerce companies, Interpark has led the expansion of the e-commerce
Interpark INT has changed from “a living history of e-commerce” to “a theme park of culture”
After acquiring IMK, Interpark can cover the whole e-commerce from B2B, B2C, and C2C
1996 1998 2002 2006 2010 2012
Opened first e-commerce Site
in Korea (Interpark.com)
Began Tour Reservation
Opened first On-line Book Market (BOOK PARK)
Spun-off from DACOM Integrated into Interpark INT from 4 companies
(Shopping, Books, ENT, Tour)
Listed on KOSDAQ
Became the ‘2002 World Cup’ Official Ticket Seller
Opened Market Place Platform
Opened HM service
Opened a venue (Blue Square)
Founded INTERPARK THEATER
Began Selling Tickets
Diverged from e-commerce into Shopping, Books, ENT, Tour companies
Acquired iMarket Korea
Sold G-market to E-bay
6
Interpark & Subsidiaries
As of 30 Sep. 2013
90%
65%
Interpark (Holding Company)
37%
100%
Interpark INT (e-commerce : B2C, C2C)
Shopping, Books, ENT, Tour
100%
iMarket Korea (e-commerce:B2B)
100% 54% 99%
Interpark
International
• Interpark Global(US) (100%)
• Live Tone(63%)
• Interpark HM (100%)
└ Interpark Homestory (100%)
└ De-chocolate Coffee(China) (100%)
• Interpark Paedea(88%)
• Digital Idea (84%)
└ DigiArt Production (78%)
Interpark
Logistics
100%
IMA/IMV/IME/IMX
50%
└ Global M&S (100%)
└ Interpark Int’l (HK) (100%)
└ Interpark Int’l PTE(SGP)(100%)
└ Shenzhen Interpark Trading Company(100%)
Rui Sound
Enerband China
Koreit Interpark
Thater
Interpark Tour
7
2. Investment Highlight
1. Strategy of Interpark in 2013
2. Growth in Interpark INT
2-1 Category trend of Domestic e-commerce
2-2 Growth in Interpark INT
2-3 Growth in ENT
2-4 Growth in Tour
2-5 Qualitative Development in Shopping and Book
3. Improve Profitability of Other Subsidiaries
8
1. Strategy of Interpark in 2013
Interpark INT
(B2C,C2C)
점진적인 성장과 수익성 강화
4. Increase consolidated result from IMK
5. Improve profitability of other subsidiaries
IMK
(B2B)
Other
Subsidiaries
1. Stable growth in ENT 2. High growth in Tour 3. Qualitative Development in Shopping and Book
“ Collaborating and building the ultimate e-commerce business model based on the B2C-B2B line-up”
Consolidated profit improvement in 2013
9
2. Category trend of Domestic e-commerce
(Unit: bil. KRW)
- Cosmetics, house wares, food, travel/reservations for events are fast growing categories
- Due to increase in GDP per capita(more than 20,000 dollars), travel & reservation categories are growing
Tour & ENT
Books
Shopping
Covered by
•Source: “Cyber Shopping Survey” by National Statistical Office (May, 2013)
2,416 2,857 2,670 3,445 4,066 5,577 744 875 1,030
1,169 1,274
1,273
1,124 1,503 1,940
2,323 2,963
3,848
3,868 4,102
4,718
5,505
6,046
6,815
1,485 1,710
1,959
2,572
3,044
3,655
2,714
2,996
3,524
4,248
4,869
5,550
793
917
1,104
1,414
1,605
1,946
2,621
3,185
3,698
4,527
5,204
5,405
2007 2008 2009 2010 2011 2012
Others
Cosmetics
Apparel
Housewares, Car
accessories
Electronics&PC
Food
Books
Travel, Reservations for
events
25,203
20,643
18,146
15,766
29,071
34,068 [Ratio] [YoY]
[16.3%]
[16.4%]
[20.0%]
[11.3%]
[3.7%]
[5.7%]
[10.7%]
[15.9%]
[14.0%]
[37.2%]
[12.7%]
[29.9%]
[-0.1%]
[21.2%]
[20.1%]
[3.9%]
10
2-1. Growth in InterparkINT
18%
42%
27%
21%
12%
40%
(Unit:mil.KRW)
2011 2012
Tour
ENT
Books
Shopping
40%
21.2%
21%
27%
2,101,164 2,117,544
12%
40%
32%
27%
11%
29%
Yearly GMV
(Unit:mil.KRW)
The 3Q GMV ratio : Goods (Shopping , Books) 35%, contents (ENT, Tour) 65%
The total GMV has increased in 2013 based on the growth of tour businesses,
the GMV in Shopping is falling at a slower pace than before
Although the 2Q/3Q GMV in ENT has decreased due to the Yeosu Expo in 2012,
pure entertainment ticket sales(except display, sports) has increased 29%/15%, respectively, in 2Q/3Q
[28%]
[-12%]
[-28%]
[21%]
Quarterly GMV
29% 29% 28% 25% 25%
26%
10% 14% 9%
10% 12%
28% 20% 24% 23%
34% 33% 37%
42% 42%
3Q12 4Q12 1Q13 2Q13 3Q13
[-2%]
[5%]
[-3%]
[39%]
526,180 526,826 510,130 560,935 591,764
YoY+12%
11
2-2. Growth in ENT
Contents 2009 2010 2011 2012
Classic/Dance 2,622 2,407 3,080 3,572
Play 1,458 1,600 1,500 1,539
Musical 1,653 1,880 2,140 2,495
Concert 1,215 1,374 1,728 2,117
Total 6,948 7,261 8,445 9,723
GMV by Performance Sector (Interpark ENT)
Number of Performances (Interpark ENT)
Korea’s No.1. on-line performance ticket seller
70% M/S in performance ticket market
(including sports & displays)
The total number of performances is 3 times larger than
the No.2 player
The increase of national events
- Sun-cheon bay garden Expo in 2013
Expected market size of W600bn in 2013 (YoY+10%)
Korea’s GDP per capita surpassed 20,000 dollars in 2011
: Demands for the entertainment & culture will increase
Money spent on entertainment & culture in Korea only
accounts for 3.7% of its GDP,
compared with 6.5% in the US and 6.2% in Japan
58.7 83.7
143.4 131.2
74.4
97.1
130.0 166.1
20.5
23.2
24.8 24.4
14.2
14.9
17.4 13.6
2009 2010 2011 2012
Classic /
Dance
Play
Musical
Concert
167.7
218.9
315.5 335.3
(Unit : bil.KRW) (Unit : event )
12
Vertically-integrated Entertainment Business Model
2-2. Growth in ENT
13
Interpark
INT
Invest and produce for
performances
Obtain and manage
the venues
Sell
tickets
The largest partnership with agencies
- The biggest sales channels
Planning & Producing
- Investing, producing and supporting expected
performance
-Know-how & DBs from ticket sales for 15 years
Construction of infrastructure
- Operating venues
(Blue square, Lotte card art-center)
Ticket selling system
- Operating ticket systems for domestic main venues
- Synergy with performance investment
and performance consulting
뮤지컬 전용극장 (삼성전자홀) - 1,767석
대중음악공연장(삼성카드홀)- 1,400석 (스탠딩 3,000명)
Interpark theater (which is a subsidiary of Interpark INT) operates the venues
(Blue square, Lotte Card Art Center)
The best network, the largest DBs and many experts
The best location among venues in Seoul – the best accessibility
2-2. Growth in ENT
지하철6호선 한강진역 (바로 연결) Lotte Card Art Center
< Blue Square > at Han-nam dong in Nov, 2011
<Lotte Card Art Center> at Seo-kyo dong in Oct, 2012
Musical Hall (Samsung Electronics Hall) - 1,767seats
Concert Hall (Samsung Card Hall) - 1,400 seats / Standing 3,000seats
Seats : 450 Seats / Standing 1,200 Seats
14
2-2. Growth in ENT
10s :
8%
20s :
42% 30s: 32%
40s :
14%
50s:
5%
Customer Age Spread
Customers in their 20s and 30s account for 75% of
all customers
- Because their disposable income is high &
their purchase style is focused on their values
20s>30s>40s >over 50s>under10s
Rates of Direct Inflow
Customers’ direct access reduces commission cost of
price comparison
As InterparkINT obtained good performances and
new sales channels like SNS, the direct inflow rate
has increased 15
89%
90%
92%
2011 2012 3Q2013
2-4. Growth in Tour
BSP (Billing and Settlement) Results in Korea
16
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
01 02 03 04 05 06 07 08 09 10 11
(Unit: bil. KRW)
Source : travel newspaper, 2012
57
35
40
45
3
20
2005 2010
에어텔
개별여행
전체패키지
Flight + Hotel
FIT
Package
Travel Trend of the Korean
Growth in travel market and expansion of FIT( Free individual tour)
On-line global purchase trends (on-line reservation for airline tickets : U.S.- 53%, Korea - 30%)
The growth in on-line travel agency : Expedia, Priceline in U.S. / Rakuten Travel in Japan / Qunar in China
The rate of traveling abroad (Korea) : 26% / The rate of traveling abroad (developed country): 40% in 2011
Increased short-distance trips due to expansion of LCC (Low cost carrier)
Source : the Korea Tourist Service, Inc., 2011
2-4. Growth in Tour
Price Competitiveness of Airline Tickets including Easy & Convenient Booking System
Strengthen Hotel Booking Service
17
Competitiveness : brand power, good relationship with
airlines, quick decision-making
Product mix of airline tickets
( overseas : 50% , domestic : 45%, lcc : 5%)
One stop reservation system (flight + hotel)
- Choose the lowest price from the price comparison of
airline tickets, hotel rooms at the same time
200 thousands hotel databases provided from expedia, agoda
1. Hotel Price Comparison !
2. Overseas Hotel : 5% Extra Discount !
3. Easy & Convenient with the Korean Language!
Linked with hotel aggregators such as Agoda or Expedia. Able to compare up to the 20thousand hotels at one time!
When you use a flight, you can get a 5% discount coupon to reserve a hotel room
You don’t have to worry about in booking and canceling itineraries in English. A Korean call center is always waiting for you!
2. Accumulation of HEART
3. If repeated, the customer gets a 10thousand won discount coupon
4. Enroll in the air-line insurance for free (guaranteed W100mn)
Guaranteed a minimum price
Guaranteed a minimum
price
W100mn
1. Guaranteed 3 times at a minimum price
2-4. Growth in Tour
Continuous increase of overseas airline tickets(3Q, yoy 31%)
Profitable non-airline ticket products has strongly increased
: overseas hotel (yoy 72%), domestic business (yoy 75%)
Portion of mobile reservations in 3Q ( vs. total tour GMV )
: overseas airline tickets 21%, domestic airline tickets 25%,
domestic accommodations 21%
No.1 among online B2C airline tickets (M/S 40%)
Polarization of travel company due to stopped commission
from airlines(Korean airline, Asiana) in 2011 & VI system
Concentration of traffic at top-ranking players
No.1 mobile traffic among total tour companies based on
Oct. 2013
Mobile GMV in 3Q has increased yoy 340% 18
Strong growth of accommodations based on growth of air-lines
Comparison with tour competitors of the UV traffic
551,955
1,363,676
841,310 1,124,751
377,549 430,516
264,499 45,080
Nov-10 Nov-11 Nov-12 Nov-13
Interpark Tour H M O
Source: Dec.2013 , insight
86% 80% 79% 75%
6%
8% 6% 6%
2% 4% 5%
6%
2% 5% 5% 7%
3% 4% 5% 6%
2008 2010 2012 2013E
Domestic travel
Domestic accodations
Oversea hotel
Oversea travel
Airline tickets
97,407
842,614
115,289 513,906
50,508
May-12 Aug-12 Nov-12 Mar-13 Jul-13 Nov-13
[Mobile]
[On-line]
Source: GMV of InterparkINT Tour div.
Grow to the complete online travel agency from starting direct sales package
19
2-4. Growth in Tour
Easy to obtain group seats and special airline ticket prices from relationship with airlines
From no.1 on-line airline ticket company to complete online travel agency : Strengthen the brand image (Interpark Tour)
Opportunity to discover new customers based on previous online customers
Diversification of tour businesses from synergy between “previous businesses” and “starting package”
- After obtaining group airline tickets from hard-block, possible to sell airline tickets through individual sales channel
which is “One stop reservation system“
* Low risk of hard block compared to the package company
* Possible to VI maximization depending on increase of BSP
* Obtaining price competition of individual airline tickets
- Expand to direct sales of overseas hotel rooms
Differentiated package product :“For eating - For taking a picture”, “All inclusive pack”, “One-day free pack”, “Guide open pack”
20
2-5. Qualitative development in Shopping, Book
Open market
• 220 thousand vendors
• 26.5 millions of selling products
• Living/leisure/fashion/food/shoes/kids
• Strong in kitchen, living categories
Specialized mall
• Building the specialized mall from open-market
based on differentiate merchandise of various
types and prices
• Main specialized mall
- Fashion : selling the brand, alliance with outlet
- Shoes : sports, fashion shoes
- Furniture : essture living
- Kids : pram, toy, books
• In the Open market: M/S 4%(based on 2012)
• High brand awareness based on long career
• Obtained loyalty customer
• Qualitative development from strengthening
specialized mall
M/S &
Competitiveness
• In the online book market
: M/S 23%(based on 2012)
• Obtained the highest level logistics center
(Paju, Busan)
M/S &
Competit
iveness
Books
• A collection of 2.6 million books
• Price and delivery competitiveness
(1 day nation-wide delivery service)
• Good DB of Kids/Child & International books
e-books
• Competitiveness of contents
(120 thousand e-book content)
• e-book provider (biscuit, biscuit tab)
Expand to businesses
• Expanded to channels: opened book market
(target : customers sensitive to price)
• Expand into related businesses (publishing)
• Expand to B2B (Samsung SDS mall)
Shopping Books
Subsidiary
2012 3Q 2013 (Total)
Main Business Shares Sales OP NP Sales OP NP
Interpark HM 18,527 268 324 15,573 -136 -135 Home management, coffee franchising
100%
Interpark International
46,223 936 481 36,456 631 328 Sale of
imported goods
99% (sold to IMK
2013.06)
Interpark Theater
13,426 1,348
(EBITDA 4,688)
-1,386 8,838 814
(EBITDA 3,435)
-760 Theater rental,
performance planning 100% by
Interpark INT
Digital Idea
11,385 -3,325 -3,315 6,862 -1,157 -1,584 CG, visual effect 84%
Interpark Paedea
5,765 -1,536 -1,535 5,490 -236 -243 English education 88%
Interpark Global
1,282 -1,234 -1,246 1,230 -500 -482 Online book store
in U.S. 100%
21
3.Improvement Profitability of Other Subsidiaries
Due to the turn around of Digital Idea, the total OP of other subsidiaries recorded W1.3bn in 3Q. 2013
( Unit : mil.KRW, %) Summary / K-IFRS
3. The Growth in IMK
1. Acquisition of IMK
2. Business Model of IMK
3. Overview of IMK
4. Strategic Direction of IMK
22
1. Acquisition of IMK
23
1. Company Name : i-MarketKorea
2. Main Business : B2B e-commerce (MRO : maintenance, repair and operations)
3. Purpose of an Acquisition : Securing future growth engine
4. Seller : Samsung electronics Co. and 8 interrelated enterprises
5. Acquisition Consortium (Based on 26 Dec.2011)
Note) 'Woori PE’ is a Private Equity Fund based on ‘the first Woori PE Blackstone Korea opportunity’.
6. Closing Date : 23 Dec. 2011 (acquisition completed)
Host Shares Percentage of Shareholding
(%)
Interpark 13,291,770 36.98
Woori PE 4,150,000 11.55
Venture company association 63,900 0.18
Total 17,505,670 48.70
24
Customer Supplier
3,923 companies
486,416 users
500,000 items sold in 2012
200 Procurement Professionals
5 Delivery Centers
10,000 suppliers
2. Business Model of IMK
Platform
Linked
Embedded
25%
75%
50% ▶
ERP
3.Overview of IMK
25
The financial result -’solid growth’
Non-Samsung Customers : 3,923
New Customers in 2012 Major Customers (non-Samsung)
18
28
41 46
52
13
21
3135
39
'08 '09 '10 '11 '12
1,065 1,182
1,549 1,682
2,045
'08 '09 '10 '11 '12
(unit : bil.kwn)
CAGR 18%
CAGR 30%, 31%
Sales Profit
before tax Net
Income
26
4. Strategic Direction of IMK
Local Market
Overseas Market
• Samsung overseas branches • First vendors of Samsung in overseas • Local and global companies
• Global sourcing to increase GP margin
• New business in overseas market
Customers
Global Sourcing
New Business
Strong momentum : Expanded to the overseas market
Interpark (Consolidated) – Summary of Result in 3Q
Recent Issue : Proposal to IPO on KOSDAQ
Appendix
27
( Unit : mil.KRW,%)
Earnings Summary / K-IFRS
1.Interpark (Consolidated) – 3Q Result
28
3Q13 2Q13 QoQ 3Q12 YoY
Sales 722,749 737,804 -2.0% 624,482 15.7%
Operating Profit 13,882 14,377 -3.4% 10,485 32.4%
Profit before Tax 21,749 -347 Turn around 22,038 -1.3%
Net Profit(Losses) 16,799 -843 Turn around 16,833 -0.2%
EBITDA 20,650 21,372 -3.4% 10,485 96.9%
1. 3Q Sales(consolidated)(↑16% yoy)
-Sales of Interpark INT increased (↑ 12% yoy)
-Sales of IMK increased (↑16% yoy)
2. 3Q Operating Profit (consolidated) (↑ 32% yoy)
-Interpark INT posted record-high OP of W6.8bn (↑ 75% yoy)
-IMK posted OP of W11.1bn (↑ 6% yoy)
-Due to the turn around of digital idea & improvement of
other subsidiaries, other subsidiaries recorded W1.3bn profit
3. 3Q Profit before Tax & Net Profit
-Financial debt valuation profit (W8.3bn) stemming from the
increase in IMK’s share price at end-3Q13
※ Due to the W13.2bn of financial debt valuation profit in 3Q 2012,
Other non-operating profit decreased 4.9bn in 3Q 2013
4. 3Q EBITDA (↑ 97% yoy)
- W4.6bn of amortization of intangible assets (quarterly)
related to IMK
2. Interpark (Consolidated) – 3Q
3Q Earnings Summary / K-IFRS
29
3Q13 2Q13 QoQ 3Q12 YoY
Sales 722,749 737,804 -2.0% 624,482 15.7%
Cost of Goods Sold 643,740 659,690 -2.4% 563,679 14.2%
Gross Profit on Sales 79,009 78,115 1.1% 60,803 29.9%
Selling and Administrative Expenses
65,127 63,738 2.2% 50,317 29.4%
Operating Profit 13,882 14,377 -3.4% 10,485 32.4%
Financial Income 730 815 -10.4% 1,052 -30.6%
Financial Expenses 1,568 1,679 -6.6% 2,321 -32.4%
Other Non Operating Revenues 2,650 3,670 -27.8% 16,479 -83.9%
Other Non Operating Expenses -6,055 17,530 -135% 3,657 -266%
Profit before Tax 21,749 -347 Turn around 22,038 -1.3%
Income Tax Expenses 4,950 495 - 5,205 -4.9%
Net Profit(Losses) 16,799 -843 Turn around 16,833 -0.2%
EBITDA 20,650 21,372 -3.4% 10,485 96.9%
( Unit : mil.KRW,%)
3. Interpark INT – 3Q Result
3Q13 2Q13 QoQ 3Q12 YoY
GMV
Shopping
Books
ENT
Tour
591,764
148,702
63,710
132,868
246,484
560,935
138,967
51,449
135,307
235,212
5.5%
7.0%
23.8%
-1.8%
4.8%
526,180
152,750
60,874
135,053
177,503
12.5%
-2.7%
4.7%
-1.6%
38.9%
Sales 94,268 80,268 17.4% 84,520 11.5%
Operating Profit 6,824 3,951 72.7% 3,904 74.8%
Net Profit 5,288 2,688 96.7% 3,313 59.6%
3Q GMV : increased 12%(yoy) due to the growth in Tour divisions.
- Although the 3Q GMV in ENT has decreased due to the Yeosu Expo in last year, pure entertainment ticket sales has increased 15% in 3Q
3Q Sales : 3Q sales increased 12% due to the growth of Book / Tour divisions
3Q OP : 3Q OP increased by 75%(yoy) due to the profit realization of good results of ENT/ Tour divisions
30
( Unit : mil.KRW, %) Earnings Summary / K-IFRS
4. IMK – 3Q Result
31
3Q13 2Q13 QoQ 3Q12 YoY
Sales 601,466 630,636 -4.6% 517,842 16.1%
Operating Profit 11,075 17,220 -35.7% 10,429 6.2%
Profit
before Tax 12,099 17,173 -29.5% 12,328 -1.9%
Net Profit 9,270 13,134 -29.4% 9,457 -2.0%
31
IMK is listed on KOSPI, it is consolidated to the Interpark from the 1Q. 2013
Attached result is from IMK’s official result (25, Oct 2013)
Interpark has an amortization(intangible assets) of W4.6bn from IMK quarterly, because IMK is adopt to the
consolidation
Earnings Summary / K-IFRS ( Unit : mil.KRW, %)
5. Other Subsidiaries – 3Q Result
Earnings Summary / K-IFRS
Company Name
Sales OP NP Main Business Holdings
Interpark International
(Consolidated) 11,843 180 82
sale of international luxury goods
99% (sold to IMK 2013.06)
Interpark HM (Consolidated)
5,477 -170 -177 Home Management &
Coffee Franchising 100%
Interpark Theater
2,804 291
(EBITDA 1,169) -231
Theater rental, Performance Planning
100% by
Interpark INT
Live Tone
265 18 18 Rental for music
equipment 63%
Digital Idea (Consolidated)
3,723 1,235 713 CG, Visual effect 84%
Interpark Paedea 1,798 -103 -95 English Education 88%
Interpark Global 419 -148 -143 Online book store in USA 100%
Total 26,329 1,303 167
( Unit : mil.KRW, %)
32
33
CEO : Dong-up Kim
Foundation date : 01, Dec. 2006
The largest share holders : Interpark (share ratio : 90% -> after IPO : 71%)
Offering Shares : New Issue(5,400,000 shares)/Existing Shares Offering(1,407,073 shares)
/Total Shares to be offered 6,807,073 shares
The expected number of listed shares : 32,430,190 shares
The expected issue price : 5,700KRW ~ 6,700KRW
The expected IPO amount : 38.8bn KRW ~ 45.6bn KRW
Use of proceeds : Extension of business of Ent & Tour , R&D of Mobile, and other general
Offering Structure : Institutional 70%, Retail 20%, ESOP 10%
Free Floating : 24.1%
The agent : Daewoo securities
Schedule
- 6, Jan. 2014~17,Jan. 2014 : Book Building
- 23, Jan. 2014~24,Jan. 2014 : Subscription
- 27, Jan. 2014 : Allocation
- 28, Jan. 2014 : Payment
- Early February : Listing
6. Recent Issue
Interpark INT, Proposal to IPO on KOSDAQ
Thank you!
Contact
- Interpark IR Team 82-2-6004-6836
- Jean Lee (IR manager) [email protected]
- Yoonna Kim (IR assistance manager) [email protected]