[Click eStock] "SK Networks Expands into Mobility Service Company... Value Increase"

Hi Investment & Securities analyzed on the 28th that SK Networks will increase its valuation as it expands into a mobility service company.

Lee Sangheon, a researcher at Hi Investment & Securities, stated, “SK Networks has resolved to acquire 100% of SK Rent-a-Car’s shares through a tender offer and a comprehensive stock exchange method, making it a wholly owned subsidiary,” adding, “From August 21 to September 11, a tender offer will be conducted at 13,500 KRW per share for SK Rent-a-Car shares held by external shareholders, and for the remaining shares, a small-scale stock exchange process will be carried out through a board resolution.”

It is expected that by incorporating SK Rent-a-Car as a 100% subsidiary, a swift and stable decision-making system related to new businesses such as mobility expansion will be established, and operational efficiency will be improved. The promotion of investments and partnerships in the mobility business is also expected to accelerate.

Researcher Lee Sangheon explained, “From the perspective of mobility services, SK Rent-a-Car’s total vehicle management solution, SmartLink, is centered on collecting and analyzing driving data in real time through dedicated Internet of Things (IoT) devices installed in vehicles,” adding, “Based on the data collected in this way, it will be possible to provide various services that enhance the convenience and efficiency of vehicle management.”

In particular, it was analyzed that providing mobility data to insurance companies, repair shops, transportation agencies, corporations, battery operators, charging stations, and vehicle manufacturers will be utilized in a wide range of fields such as traffic volume surveys, accident rate prediction, and durability prediction of key parts, producing positive effects. The recent acquisition of an 88.47% stake in data business specialist company Encoar for 88.5 billion KRW last month is also seen as a favorable factor for SK Networks’ leap as a mobility company.

The researcher forecasted, “Through data utilization such as the acquisition of Encoar, which possesses excellent data management technology capabilities, existing business models will be enhanced while new business values will be derived, laying the foundation for future profitability.”

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