Hive Gets First Credit Rating A+ (Stable)

By Jaewan, Ko

Sep 10, 2025

Hive Gets First Credit Rating A (Stable)



Hive won a corporate credit rating for the first time since its foundation, externally recognizing its financial soundness and growth capabilities. The Korea Corporate Evaluation (hereinafter referred to as Han Gi-pyeong) gives Hive an A+ (stable) rating and is based on 'excellent business stability' and 'excellent financial stability'.

Korea Ratings cited Hive's top-tier market position and artists' high brand impact as major strengths. It is evaluated that rapid external growth and diversification through the multi-label system, and expansion of the indirect participatory sales base such as the Weverse platform contributed to improving stability.

In terms of finance, it was diagnosed that stability was very high based on excellent operating cash generation and practical non-borrowing structure. While maintaining growth through artist portfolio diversification and sales expansion, it was evaluated that absolute profit generation was also solid.




In addition, Korea Ratings said Hive's cash equivalents reached about 1.6 trillion won and net cash amounted to about 360 billion won, making it capable of sufficiently responding to the repayment of short-term borrowings. Major financial indicators also support excellent liquidity response capabilities, with ▶ debt ratio of 61.0% and ▶ dependence on borrowings of 22.0%.

"This A+ rating is the result of the Company's official recognition of its financial stability and growth potential from the outside," a Hive official said. "The credit rating was conducted as a preliminary measure to support its mid- to long-term management strategy. We will continue to do our best to build long-term trust and sustainable growth."






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