One Store Submits Preliminary Listing Examination Application

[Asia Economy Reporter Hyungsoo Park] SK Square announced that its subsidiary One Store submitted a preliminary review application to the Korea Exchange on the 26th for listing on the KOSPI market. The lead underwriters are NH Investment & Securities and KB Securities, with SK Securities serving as a joint underwriter.

This is the first initial public offering (IPO) initiative by a subsidiary since the launch of SK Square. One Store was incorporated as a subsidiary of SK Square following the split of SK Telecom on the 1st of this month.

SK Square explained that the One Store IPO is the first step in executing the company's founding motto of having the market properly recognize the value of its subsidiaries.

Founded in 2016, One Store turned a net profit last year based on net income. It recorded an operating profit in the first half of this year. One Store plans to release the game "Diablo Immortal," currently being developed in partnership with Blizzard Entertainment, on its platform.

In July this year, One Store invested in a stake in 'Kuaikan,' China's largest webtoon platform, laying the groundwork for the overseas expansion of domestic content. Recently, it has been pursuing cooperation with various overseas companies such as Microsoft and Tencent.

This content was produced with the assistance of AI translation services.