SK Square Outside Director Launches Global Institutional Investment Attraction in the UK

[Asia Economy Reporter Oh Su-yeon] SK Square's outside directors have taken the lead in enhancing shareholder value by holding direct investment briefings for global investors.

SK Square announced on the 24th that its outside directors visited London, UK, and consecutively held investment briefings for five major overseas investment institutions, including Pictet Asset Management and Fidelity International Limited.

The outside directors of SK Square who attended this investment briefing were Kang Ho-in, Chairman of the Board, and Park Seung-gu, outside director. Chairman Kang Ho-in previously served as Deputy Minister of Strategy and Finance and Minister of Land, Infrastructure and Transport. Outside director Park Seung-gu is a leading investment expert in the industry, having served as the head of Bank of America Merrill Lynch Korea.

SK Square's outside directors met with investment institutions to provide detailed explanations of SK Square's investment performance, future strategies, and agenda items for the shareholders' meeting. In particular, they shared the achievement of jointly managing SK Shieldus with EQT Partners, the largest private equity fund manager of the Swedish Wallenberg family. They also noted that despite the ongoing global economic downturn, foreign ownership in SK Square increased from 37% in February 2022 to 43% in February 2023, indicating sustained growing interest from foreign shareholders in the company.

Since its establishment in 2021, SK Square has been actively strengthening the authority and roles of outside directors to build an advanced governance structure centered on the board of directors. The company is expanding the participation of outside directors in investor relations (IR) events to increase communication between the board and shareholders. The intention is to share shareholders' opinions with the board and actively reflect them in important company decisions to practice shareholder-friendly management. SK Square plans to expand the participation of outside directors in domestic and overseas Non Deal Roadshows (NDR) starting with this communication with overseas investment institutions.

Additionally, SK Square will continue to create a 'dialogue platform' between outside directors and employees. Last year, SK Square's outside directors led a talk concert to share investment know-how with employees and discuss the company's vision. This year, they plan to hold annual workshops on topics such as 'Ways to Enhance the Value of SK Square Affiliates' and share the experience and knowledge of outside directors who have built expertise in various fields.

Kang Ho-in, Chairman of the Board of SK Square, said, "As an outside director of an investment specialist company, meeting and communicating directly with global investors is very meaningful," and added, "We will continue to expand the role of the board and strengthen communication with shareholders and the market."

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