Cosmo Robotics raided over alleged 40% revenue inflation before IPO

Seoul police searched the headquarters of robotics company Cosmo Robotics on suspicion of falsifying financial statements ahead of its KOSDAQ listing. About 3.5 billion won, or 39.5% of last year's revenue, may have been fabricated, sending shares down 29.98%.

• The raid took place on September 29 under capital markets law violations
• Alleged fake revenue is 3.5 billion won out of 8.86 billion won for the year
• Fictitious robot sales may have been booked in March and December 2025
• Shares plunged 29.98% to 7,520 won after the investigation news