Cosmo Robotics Shares Plunge Amid Pre-IPO Revenue Inflation Probe

Seoul police raided Cosmo Robotics over allegations it inflated 2025 revenue by about 3.5 billion won ($2.58 million) through fabricated robot sales ahead of its KOSDAQ IPO. Shares fell 29.98% to the daily limit of 7,520 won after the investigation became public.

• Police suspect 3.5 billion won in inflated 2025 revenue, about 40% of the reported 8.86 billion won
• In March 2025 the company allegedly booked 400 million won in rehabilitation robot sales without real deals
• In December 2025 its European subsidiary allegedly inflated overseas revenue by about 2 billion won
• Shares dropped 29.98% to 7,520 won, the daily lower limit, after the Sept. 29 raid