Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
SK Square has deregistered Content Wavve from its list of holding company subsidiaries following the loss of control and official notification of affiliate exclusion from the Fair Trade Commission.
📊 [Key Disclosure Content & Major Financial Figures]
- Subsidiary Details: Content Wavve Corporation (CEO: Seoh Jang-ho, Main Business: Distribution of motion pictures, video tapes, and broadcast programs)
- Financial Summary of Target Subsidiary (As of end-2024 separate basis):
- Total Assets: KRW 155,072M (Approx. KRW 155.1B)
- Total Liabilities: KRW 255,888M (Approx. KRW 255.9B)
- Total Equity: -KRW 100,815M (Capital impairment)
- Capital Stock: KRW 28,305M (Approx. KRW 28.3B)
- Equity Stake in Subsidiary:
- Before Deregistration: 2,076,661 shares (36.7%)
- After Deregistration: 2,076,661 shares (36.7%)
- Proportion of Equity Value to Total Assets (Based on SK Square’s separate financial statement at end-2024):
- Equity Value (Before/After): KRW 82,536M (Approx. KRW 82.5B)
- Proportion of Total Assets: 1.2%
- Total Number of Holding Company Subsidiaries: 10 companies before deregistration -> 9 companies after deregistration
- Reason for Deregistration: Deregistration of subsidiary due to loss of control
- Effective Date of Deregistration: 2025-09-17 (Based on notification date of affiliate exclusion by the Fair Trade Commission)
- Board Resolution Date: N/A
- Other Important Matters: This disclosure covers the deregistration of Content Wavve Corporation as a holding company subsidiary following its exclusion from affiliate status.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Confirmation of Subsidiary Deregistration and Governance Restructuring
This filing reflects the deregistration of Content Wavve from SK Square’s holding company subsidiary list following the Fair Trade Commission’s official notification, reducing the total count of holding company subsidiaries from 10 to 9. Confirming that this administrative transition—prompted by the loss of control while maintaining the existing equity stake (36.7%)—has been completed is essential for understanding the group’s governance structure and portfolio adjustments. Relevant details can be verified in upcoming periodic financial reports or subsequent official disclosures.
📢 Disclaimer and Source Information
Source: This content was structured and newly generated based on official filing data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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