[SKT Concall] "One Store to be Listed in the Second Half of Next Year... Last Year's Corporate Value 500 Billion Won"

[Asia Economy Reporter Han Jinju] Ha Hyung-il, Head of SK Telecom Corporate2 Center, said at the 2020 Q3 earnings conference call held on the 5th, "One Store selected an IPO (Initial Public Offering) underwriter last September, started due diligence in October, and began preparing for the listing with the underwriters," adding, "We expect to apply for the preliminary review for listing in the first half of 2021 and, if possible, to be listed in the second half of 2021."

Ha said, "In the future, considering the performance of each subsidiary and market conditions, we will prepare IPOs for ADT Caps, Wavve, 11st, SKB, and in the mid-to-long term, T map Mobility, so that their value will be recognized in the financial market."

He continued, "One Store was valued at 500 billion KRW after attracting FI (Financial Investment) last year, and its growth momentum has accelerated since then, so it will be recognized at a higher value than at that time," explaining, "Thanks to the virtuous cycle structure where the app portfolio and user base are expanding, sales grew 23% in 2019, and sales until the third quarter of this year grew 27% compared to the same period last year. With the entry of blockbuster games, sales in 2021 are also expected to grow."

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