{
 "as_of": "2026-11-06",
 "cmr": "kr-cm-kg/KOSDAQ/004650",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Changhae Ethanol Co., Ltd. (KOSDAQ: 004650) — research page\n\nAs of 2026-11-06 · kr-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Changhae Ethanol Co., Ltd., listed on KOSDAQ under ticker 004650, ISIN KR7004650008. The record holds no LEI for the issuer. Its security type is Corporate, its segment is not on the record, its sector is 알코올음료 제조업, and its jurisdiction is South Korea. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 20 filings in the twelve months to 2026-11-06, across 11 filing days. The median gap between filing days is 14.0 days. The latest filing is a results filing dated 2026-08-14, 84 days before the record date. The KOSDAQ median cadence gap is 8.0 days and the KOSDAQ median latency is 16.0 days across 1819 issuers. The sector median cadence gap is 10.0 days and the sector median latency is 36.5 days across 10 issuers. The issuer's cadence gap of 14.0 days is above the KOSDAQ median and above the sector median. The issuer's latency of 84 days is above the KOSDAQ median and above the sector median.\n\n## Auditor\n\nThe auditor of record is 한울회계법인. Its location is not on the record. The record does not carry auditor changes for this issuer.\n\n## Events and halts\n\nThe record does not carry listing, delisting, name change, domicile change or segment move lines for this issuer, because no lifecycle type map exists for this register yet. The issuer is listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/kr/suitability-and-appropriateness-fscma-articles-46-and-46-2/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the issuer's investor-relations page.\n\n## Open research\n\nNo openly published research notes were found for the issuer.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. The issuer has no sealed years. The live record began on 2026-09-12. Years 2021 through 2026 are sealed in the store but are not served as of a date; the as-of door answers not_sealed.\n\n## Sources\n\n8 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://kind.krx.co.kr/corpgeneral/corpList.do?method=download&searchType=13 (identity.exchange)\n- https://data.krx.co.kr/comm/bldAttendant/getJsonData.cmd (identity.isin)\n- https://opendart.fss.or.kr/api/company.json?corp_code=00123523 (identity.jurisdiction)\n- https://mcp.kr-cm-kg.ai/events/KOSDAQ/004650 (the disclosure lines)\n- https://kind.krx.co.kr/investwarn/tradinghaltissue.do?method=searchTradingHaltIssueMain (the halt flag)\n- https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260814002909 (the auditor)\n- https://mcp.kr-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://mcp.kr-cm-kg.ai/record/KOSDAQ/004650 (the record)\n",
 "market": "KR",
 "node": "kr-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-12",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the KR store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "DART API 회계감사인의 명칭 및 감사의견 (annual report 11011, business year 2025)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260814002909",
    "state": "sourced",
    "value": "한울회계법인"
   },
   "auditor_firm_id": {
    "market": "KR",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "KR",
    "state": "not_on_record"
   },
   "changes": {
    "market": "KR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "kr-cm-kg/KOSDAQ/004650",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 1819,
     "median_cadence_gap_days": 8,
     "median_filings": 33,
     "median_latency_days": 16,
     "name": "KOSDAQ"
    },
    "sector": {
     "issuers": 10,
     "median_cadence_gap_days": 10,
     "median_filings": 26.5,
     "median_latency_days": 36.5,
     "name": "알코올음료 제조업"
    }
   },
   "by_type": {
    "agm_egm": 6,
    "corporate_news": 3,
    "dividend": 2,
    "major_holder": 1,
    "regulatory_filing": 1,
    "results": 7
   },
   "cadence_median_gap_days": 14,
   "filing_days": 11,
   "filings": 20,
   "latency_days": 84,
   "latest": [
    {
     "category": null,
     "date": "2026-08-14",
     "source": "https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260814003558",
     "title": "반기보고서 (2026.06)",
     "type": "results"
    },
    {
     "category": null,
     "date": "2026-08-14",
     "source": "https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260814002909",
     "title": "[기재정정]사업보고서 (2025.12)",
     "type": "results"
    },
    {
     "category": null,
     "date": "2026-05-15",
     "source": "https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260515002613",
     "title": "분기보고서 (2026.03)",
     "type": "results"
    },
    {
     "category": null,
     "date": "2026-04-30",
     "source": "https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260430901946",
     "title": "소속부변경",
     "type": "corporate_news"
    },
    {
     "category": null,
     "date": "2026-03-27",
     "source": "https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260327001259",
     "title": "[기재정정]사업보고서 (2025.12)",
     "type": "results"
    }
   ],
   "latest_filing_date": "2026-08-14",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.kr-cm-kg.ai/events/KOSDAQ/004650",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "KIND (KRX) listed-company list (corpList.do download)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://kind.krx.co.kr/corpgeneral/corpList.do?method=download&searchType=13",
    "state": "sourced",
    "value": "KOSDAQ"
   },
   "isin": {
    "read_by": "KRX stock finder (data.krx.co.kr finder_stkisu: full_code = the KRX standard code)",
    "read_date": "2026-11-08",
    "read_date_basis": "the field",
    "source": "https://data.krx.co.kr/comm/bldAttendant/getJsonData.cmd  [POST bld=dbms/comm/finder/finder_stkisu, mktsel=ALL]",
    "state": "sourced",
    "value": "KR7004650008"
   },
   "jurisdiction": {
    "read_by": "DART company.json (company profile per corp_code, keyed API) (jurir_no)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://opendart.fss.or.kr/api/company.json?corp_code=00123523",
    "state": "sourced",
    "value": "South Korea (DART filer with a corporate registration number)"
   },
   "lei": {
    "market": "KR",
    "reason": "no GLEIF record registered as 416-81-00072",
    "state": "not_on_record"
   },
   "name": {
    "read_by": "DART company.json (company profile per corp_code, keyed API)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://opendart.fss.or.kr/api/company.json?corp_code=00123523",
    "state": "sourced",
    "value": "Changhae Ethanol Co., Ltd."
   },
   "sector": {
    "read_by": "KIND (KRX) listed-company list (corpList.do download) (업종)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://kind.krx.co.kr/corpgeneral/corpList.do?method=download&searchType=13",
    "state": "sourced",
    "value": "알코올음료 제조업"
   },
   "security_type": {
    "read_by": "KIND (KRX) listed-company list (corpList.do download)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://kind.krx.co.kr/corpgeneral/corpList.do?method=download&searchType=13",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "KR",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "KIND (KRX) listed-company list (corpList.do download)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://kind.krx.co.kr/corpgeneral/corpList.do?method=download&searchType=13",
    "state": "sourced",
    "value": "004650"
   },
   "website": {
    "read_by": "KIND (KRX) listed-company list (corpList.do download)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://kind.krx.co.kr/corpgeneral/corpList.do?method=download&searchType=13",
    "state": "sourced",
    "value": "http://www.chethanol.com"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "KR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "KR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "KR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "KR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "KR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "KR",
  "node": "kr-cm-kg",
  "numbers_hash": "sha256:51963a5e2748879c6f1b042ee669e4c04880ea1e25af490fa3ff1a17612e1b56",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.kr-cm-kg.ai/book/aio.json",
    "door": "https://mcp.kr-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/kr/suitability-and-appropriateness-fscma-articles-46-and-46-2/r1",
   "section": "kr.aio.v5"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.kr-cm-kg.ai/record/KOSDAQ/004650",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://kind.krx.co.kr/investwarn/tradinghaltissue.do?method=searchTradingHaltIssueMain",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:51963a5e2748879c6f1b042ee669e4c04880ea1e25af490fa3ff1a17612e1b56",
 "path": "/kr/KOSDAQ/004650",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Changhae Ethanol Co., Ltd., listed on KOSDAQ under ticker 004650, ISIN KR7004650008. The record holds no LEI for the issuer. Its security type is Corporate, its segment is not on the record, its sector is 알코올음료 제조업, and its jurisdiction is South Korea. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 20 filings in the twelve months to 2026-11-06, across 11 filing days. The median gap between filing days is 14.0 days. The latest filing is a results filing dated 2026-08-14, 84 days before the record date. The KOSDAQ median cadence gap is 8.0 days and the KOSDAQ median latency is 16.0 days across 1819 issuers. The sector median cadence gap is 10.0 days and the sector median latency is 36.5 days across 10 issuers. The issuer's cadence gap of 14.0 days is above the KOSDAQ median and above the sector median. The issuer's latency of 84 days is above the KOSDAQ median and above the sector median.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is 한울회계법인. Its location is not on the record. The record does not carry auditor changes for this issuer.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record does not carry listing, delisting, name change, domicile change or segment move lines for this issuer, because no lifecycle type map exists for this register yet. The issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/kr/suitability-and-appropriateness-fscma-articles-46-and-46-2/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's investor-relations page.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found for the issuer.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. The issuer has no sealed years. The live record began on 2026-09-12. Years 2021 through 2026 are sealed in the store but are not served as of a date; the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "8 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://kind.krx.co.kr/corpgeneral/corpList.do?method=download&searchType=13"
  },
  {
   "for": "identity.isin",
   "source": "https://data.krx.co.kr/comm/bldAttendant/getJsonData.cmd"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://opendart.fss.or.kr/api/company.json?corp_code=00123523"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.kr-cm-kg.ai/events/KOSDAQ/004650"
  },
  {
   "for": "the halt flag",
   "source": "https://kind.krx.co.kr/investwarn/tradinghaltissue.do?method=searchTradingHaltIssueMain"
  },
  {
   "for": "the auditor",
   "source": "https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260814002909"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.kr-cm-kg.ai/book/aio.json"
  },
  {
   "for": "the record",
   "source": "https://mcp.kr-cm-kg.ai/record/KOSDAQ/004650"
  }
 ],
 "title": "Changhae Ethanol Co., Ltd. (004650) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}