SK Square's Park Jung-ho: "Focus on Semiconductor Materials... Considering Collaboration with SK Hynix"

Over 2 Trillion Won Invested Independently Over 3 Years
"Preparing Semiconductor Materials, etc."
Aligning Investment Pace with SK Hynix
Also Interested in Blockchain and Cryptocurrency

Jung-ho Park, CEO (Vice Chairman) of SK Square

[Asia Economy Reporter Cha Min-young] At the first shareholders' meeting of SK Square, which has transformed into an investment specialist company, CEO Park Jung-ho (Vice Chairman) announced plans to strengthen the semiconductor portfolio, focusing on semiconductor materials.

Vice Chairman Park Jung-ho stated at the first regular shareholders' meeting held on the 28th at SK-T Tower in Euljiro, Seoul, "Despite global macroeconomic uncertainties, there will be many opportunities to invest in good companies at good prices in this year's M&A (mergers and acquisitions) market," revealing plans to focus investments on semiconductors and blockchain.

SK Square will secure more than 2 trillion won of its own investment funds over three years and establish a co-investment base with domestic and foreign investors. It will look into leading companies in the global semiconductor value chain, focusing on advanced semiconductor markets such as the United States and Japan.

Vice Chairman Park said, "I think it would be good to strengthen the semiconductor portfolio," adding, "We are preparing a lot in areas like materials, but we are considering entering strategically with a somewhat larger scale together with companies like SK Hynix." SK Hynix is part of the SK ICT family along with SK Telecom and SK Square.

Vice Chairman Park is also paying attention to blockchain and virtual currencies. SK Square marked the cryptocurrency exchange Korbit as its first investment destination last year and executed related investments. It plans to build a blockchain system to be utilized in affiliated company services such as SK Telecom's metaverse platform and SK Planet's membership and point services.

However, the stock price has not escaped the undervalued range since the spin-off in November last year. In response to questions about stock price boosting measures, Vice Chairman Park said, "We are actively reviewing shareholder return policies, but as a company registered after the spin-off in November last year, such policies can only be implemented if accumulated surplus exists." He added, "We will consider shareholder returns from the time it becomes possible in the second half of this year, and if abnormal profits occur, we will also consider special dividends or treasury stock cancellations."

Meanwhile, at the shareholders' meeting, the financial statements reflecting sales of 1.4064 trillion won and operating profit of 419.8 billion won for November to December last year were approved. The director remuneration limit was approved at 12 billion won.

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