[Asia Economy Reporter Moon Hyewon] SK Networks announced on the 22nd that it will sell its entire stake in SK Pinx to Hwichean, a subsidiary of the holding company SK. The transaction amount is 302.8 billion KRW.


SK Pinx operates the SK Pinx Golf Club (CC) in Seogwipo, Jeju Island.


Hwichean owns the Da Vinci Museum and a condo in Seogwipo, Jeju Island.



SK Networks explained that the move is aimed at "improving financial structure, securing funds for growth investment, and enhancing the efficiency of the group's asset management."


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