[Featured Stock] SK Square Riding the Uptrend... Up Over 8%

Expectations for Business Expansion through Subsidiary IPO

[Asia Economy Reporter Minji Lee] SK Square, an investment holding company spun off from SK Telecom, is showing a rebound just four days after its listing.

At 11:09 AM on the 2nd, SK Square was trading at 68,000 KRW, up 8.45% from the previous trading day. After three consecutive days of decline since its listing, it has rebounded on the fourth day.

The securities industry expects SK Square's upward trend to continue. This is based on the anticipation of full-scale business expansion supported by the capital secured through the initial public offerings (IPOs) of its subsidiaries. Next year, subsidiaries such as One Store, SK Shieldus, and 11st are scheduled to go public.

Hanjin Kim, a researcher at KTB Investment & Securities, explained, "Asset securitization is expected during future investment processes, and considering the business areas of the subsidiaries and recent market trends, prices higher than the valuation at the time of capital increase are possible. Entry into businesses such as the metaverse and virtual economy is also positive."

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