#가전 Analysis Reports
2Paseco is a KOSDAQ-listed company that manufactures seasonal appliances such as window air conditioners, as well as built-in and household appliances. On a non-consolidated basis, per its 2025 business report it recorded revenue of KRW 167.91bn and operating profit of KRW 3.30bn, turning profitable from the prior year's operating loss (KRW -16.81bn) (receipt no. 20260319000245). However, per its 2026 semiannual report (cumulative, receipt no. 20260813000881), it recorded revenue of KRW 74.80bn with an operating loss of KRW 1.01bn and a net loss of KRW 0.45bn, turning to a loss again, and its debt ratio surged from 29.42% at end-2025 to 61.41% in H1 2026. The largest shareholder, CEO Yoo Il-han, together with related persons (11 individuals/entities), held a combined stake of 71.08% (as of 2026-06-30), with no change in shareholding during H1 2026.
Comax's shares have been suspended from trading since an audit opinion disclaimer on 2024-03-21. On 2026-07-27, the Korea Exchange Corporate Examination Committee reviewed the company's listing eligibility and determined delisting, with the KOSDAQ Market Committee's final decision scheduled by 2026-08-25. In February 2026, Kyungdong Navien invested a total of KRW 32.0 billion to acquire an 80.77% stake and become the largest shareholder, and the CEO was also replaced by Kim Jong-wook; the wholly owned subsidiary Comax CS was absorbed and merged on 2026-07-01. Consolidated revenue in H1 2026 was KRW 37.969 billion, down 7.3% year-over-year, but the company posted operating profit of KRW 5.477 billion and net income of KRW 4.019 billion, turning profitable after five consecutive years of losses from 2021 to 2025.