SK Square Records Operating Profit of 169.4 Billion KRW in Q3... Pursuing Large-Scale Investment Attraction

[Asia Economy Reporter Oh Su-yeon] SK Square announced on the 14th that it recorded sales of 1.2436 trillion KRW, operating profit of 169.4 billion KRW, and net profit of 207.9 billion KRW based on consolidated financial statements for the third quarter.

On a cumulative basis from the first to the third quarter of this year, sales amounted to 4.0937 trillion KRW, operating profit to 1.0589 trillion KRW, and net profit to 1.1667 trillion KRW.

SK Square is an investment-specialized company whose main business activity is investment. The consolidated results reflect the performance of portfolio companies and equity-method valuation gains and losses.

SK Square’s third-quarter results included approximately 43.8 billion KRW in quarterly dividend income from SK Hynix, and it maintains stable cash flow through zero-debt management. The 58 billion KRW from the sale of bio-health company NanoEnTek will be reflected in the financial statements once the sale process is completed.

SK Square has recently achieved success in increasing the corporate value of its portfolio companies through external investment attraction, demonstrating its portfolio management capabilities as an investment-specialized company.

In August, it attracted 200 billion KRW in investment from KB Kookmin Bank to support the future growth of T Map Mobility. KB Kookmin Bank participated as a strategic investor, acquiring an 8.3% stake in T Map Mobility and becoming the fourth largest shareholder. T Map Mobility’s corporate value was recognized at 2.2 trillion KRW, more than doubling since the company’s launch at the end of 2020.

SK Square is currently pursuing large-scale investment attraction and the establishment of a global investment fund to enhance shareholder value.

Through this, it plans to establish itself as a fully integrated investment-specialized company that executes all stages of investment, from sourcing investment funds to portfolio company growth and profit realization.

Jung Jae-heon, Head of SK Square Investment Support Center, said, “Despite difficult domestic and international conditions, we are maintaining stable cash flow and steadily preparing for future investments,” adding, “We will soon demonstrate the results of various ongoing investment activities to enhance shareholder value.”

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