Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
SK square has amended its disclosure to update the expected disposal date to the transaction completion date of November 28, 2025, following the closing of 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 transaction closing
- Expected Disposal Date: (Before) 2025-12-01 → (After) 2025-11-28 (Completion 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)
📌 Verifying Final Transaction Completion Results
This amendment updates the expected disposal date to November 28, 2025, confirming the final closing of the sale of 11ST Co., Ltd. shares to SK Planet. The final financial impact and completion details following the transaction close can be confirmed in subsequent disclosures, 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.
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