Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
SK square has updated its disclosure to adjust the expected disposal date from November 27, 2025, to December 1, 2025, regarding the sale of its entire 80.3% stake in 11ST Co., Ltd. to SK Planet.
📊 [Key Disclosure Details & Financial Summary]
- Reason for Correction & Major Changes
- Reason for Correction: Amendment due to a change in the expected disposal date
- Expected Disposal Date: (Before) 2025-11-27 → (After) 2025-12-01 (Expected Closing Date)
- Target Company Overview
- Company Name: 11ST Co., Ltd. (Representative: Hyun Soo Park)
- Main Business: E-commerce
- Relationship: Largest Shareholder
- Capital Stock: KRW 5.124B (KRW 5,123,512,000)
- Disposal Details & Amount
- Number of Shares Disposed: 41,126,430 Common Shares
- Disposal Amount: KRW 660.729B (KRW 660,729,170,000 / Book value stated as it exceeds the actual transaction value of KRW 380.995B)
- Total Equity: KRW 19.5854T (KRW 19,585,415,109,941)
- Amount-to-Equity Ratio: 3.37% (Qualifies as a large-scale corporation)
- Holdings & Ownership Ratio After Disposal
- Shares Owned After Disposal: 0 shares
- Ownership Ratio After Disposal: 0.0%
- Purpose & Key Terms of Disposal
- Purpose: Enhancing the competitiveness of subsidiary’s OCB-Commerce platform
- Purchaser: SK Planet (Executed share purchase agreement for total shares held)
- Total Purchase Consideration: KRW 467.294B (SK square portion KRW 380.995B + Nile Holdings LLC portion KRW 86.298B)
- Pursuant to the waterfall distribution mechanism under the shareholders’ agreement, SK square’s claim for the purchase price is transferred to Nile Holdings LLC
- Summary Financials of Target Company (FY2024 Separate Basis)
- Total Assets: KRW 406.913B (KRW 406,912,995,901)
- Total Liabilities: KRW 377.019B (KRW 377,018,630,207)
- Total Equity: KRW 29.894B (KRW 29,894,365,694)
- Revenue: KRW 561.816B (KRW 561,815,838,945)
- Net Income: KRW -93.264B (Net Loss of KRW 93,263,582,499)
- Other Matters
- Serves as the finalized disclosure regarding the press report on January 9, 2024, concerning the sale of 11ST Co., Ltd.
- Board Resolution Date: October 29, 2025 (4 Outside Directors Present)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring the Adjusted Transaction Schedule and Final Settlement
This amendment updates the expected disposal date to December 1, 2025. Verifying whether final payment settlements and share transfers proceed smoothly according to the revised closing schedule is essential for confirming full transaction execution. Progress and final completion details can be tracked in subsequent disclosure amendments, related official filings, and periodic reports (annual, half-year, and quarterly reports).
📢 Disclaimer & Source Notice
Source: This content was newly structured and generated based on official submission data from the Financial Supervisory Service’s DART system.
Investment Risk Warning: This content is provided solely for informational and language reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any security. All investment decisions and financial responsibilities rest entirely with the individual investor.
Contact: For compliance inquiries or copyright-related issues, please contact ksb220805@gmail.com.
