❝We raise our target price for the company from KRW 47,000 to KRW 50,000 and maintain a BUY rating. The new target price represents the present value as of this year, applying a target PER of 12.5x and an annual discount rate of 10% to the 2027E controlling interest net profit of KRW 53.3 billion. We maintained 2027E as the valuation base period, as full-year performance for the company's major new title, Zeus: God of Pride, will be normalized and reflected.❞