DUKSAN NAVCOURS

Duksan Navcours Co., Ltd. (Korean: 덕산넵코어스) is a South Korean company specializing in navigation technology, specifically in the PNT (Position/Navigation/Timing) sector for defense and aerospace applications. It operates as a subsidiary of Duksan Hi-Metal, a listed South Korean materials company. The company is currently pursuing a listing on the KOSDAQ market. In 2025, it received A and A ratings in a technology evaluation, a prerequisite for certain listing tracks. Its initial public offering process has been notable for its length and for the involvement of its parent company's shareholders. In 2026, Duksan Hi-Metal held an extraordinary shareholders' meeting to approve the subsidiary's listing, which was passed with a majority of votes cast, though with relatively low turnout among general shareholders. This was described as the first case of a dual listing (parent and subsidiary both listed) in the South Korean market. On July 20, 2026, the KOSDAQ Market Listing Committee reviewed and approved Duksan Navcours's preliminary listing review, allowing the company to proceed with its IPO. The company's official website is at dsnc.co.kr.

Duksan Navcours Co., Ltd. is a South Korean navigation technology company focused on the PNT (Position/Navigation/Timing) sector for defense and aerospace. It operates as a subsidiary of Duksan Hi-Metal, a South Korean listed company. The company's history is closely tied to its parent's strategic expansion into defense and aerospace technologies. In 2025, Duksan Navcours underwent a technology evaluation and received A and A ratings, a significant milestone for a company seeking to list on the KOSDAQ market. In the same year, it applied for a preliminary listing review on KOSDAQ, with Daishin Securities serving as the lead underwriter. The listing process drew attention due to its duration and the involvement of the parent company's shareholders. In 2026, Duksan Hi-Metal convened an extraordinary shareholders' meeting to secure approval for the subsidiary's listing. The meeting achieved a quorum of 78% of total issued shares, with over 92% voting in favor. Among general shareholders, the attendance rate was 50.3% and the approval rate was 73%. This was reported as the first case of a dual listing (parent and subsidiary both listed) in South Korea. As of 2026, the listing review had been pending for 233 days. On July 20, 2026, the KOSDAQ Market Listing Committee reviewed and approved the preliminary listing review for Duksan Navcours, clearing a major hurdle for its IPO. The company's official website is dsnc.co.kr.

• Received A and A ratings in technology evaluation.

• Applied for KOSDAQ preliminary listing review with Daishin Securities as lead manager.

• Parent company Duksan Hi-Metal held extraordinary shareholders' meeting to approve subsidiary listing; first dual listing case in South Korea.

• KOSDAQ Market Listing Committee approved preliminary listing review.

Specialist in defense and aerospace PNT (Position/Navigation/Timing) solutions.

Product categories. PNT (Position/Navigation/Timing) systems · Navigation technology for defense and aerospace

1. 1덕산넵코어스 - 위키백과ko.wikipedia.org
2. 2Duksan Navcours official websitedsnc.co.kr
3. 3Wikidata entry Q136760055wikidata.org