FNC Kim Yu-sik (CEO), buys 28,708 shares of its own stock: "Performance rebound within three years" [Official]

*This content was translated by AI.

FNC Entertainment Kim Yu-sik (CEO) has purchased shares of its own company.

FNC Entertainment (hereinafter FNC) announced on the 20th that Kim Yu-sik (CEO) bought 28,708 shares of its common stock through an internal market purchase.

This internal market purchase was made to convey to the market confidence in the company's medium- to long-term growth potential and its commitment to responsible management. The company stated that major executives, including Kim Yu-sik (CEO), as well as special related parties, are considering additional share purchases.

FNC is restructuring its business portfolio around core businesses such as music, actor management, and drama production to strengthen its growth foundation.

While maintaining a solid performance base through the stable activities of FT Island and CNBLUE, the music business continues to show steep growth driven by the rising prominence of key artists such as P1Harmony and ENF. Actor Jung Hae-in is also continuing his steady activities. Additionally, FNC is currently producing the Netflix original series "Love Affair," and Kim Sung-yong, a director under FNC, is preparing for his next project. Both dramas are scheduled to air in 2027.

The trend of performance improvement is also clear. In the first quarter of this year, consolidated revenue increased by 140% compared to the same period last year. In particular, revenue from the music business rose by 186% year-on-year, driving the improvement in performance.

The company plans to further strengthen its competitiveness in the music business in the future based on expanded activities of key artists and the growth of new artists. At the same time, it intends to maintain stable profitability in the actor management business and continue developing the drama production business to support performance.

Kim Yu-sik, CEO of FNC, said, "Over the past three years, we have laid the foundation for a turnaround through corporate restructuring and strengthening selected core businesses." He added, "The next three years will be dedicated to building a foundation that allows us to achieve a 'V'-shaped performance rebound through profit enhancement and elevate the company to the next level."

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*This content was translated by AI.