Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
SK Square is selling its entire stake in 11Street to affiliate SK Planet to restructure and strengthen its commerce platform business.
📊 [Key Disclosure Content & Major Financial Figures]
- Target Company: 11Street Co., Ltd. (Largest shareholder: SK Square)
- Number of Shares Disposed: 41,126,430 common shares (100% of held shares)
- Disposal Amount (Book Value Basis): KRW 660,729,170,000 (Approx. KRW 660.7B; Actual transaction price for SK Square’s stake: KRW 380,995,247,520)
- Shares and Equity Ratio After Disposal: 0 shares (0%)
- Buyer: SKplanet Co., Ltd.
- Purpose of Disposal: Strengthening competitiveness of subsidiary OCB-commerce platform
- Expected Disposal Date (Transaction Closing Date): 2025-11-27
- Board Resolution Date: 2025-10-29 (4 outside directors present)
- Fair Trade Commission (FTC) Filing Required: Yes
- Other Important Matters:
- Buyer’s (SK Planet) total purchase price is KRW 467,293,715,280, consisting of SK Square’s portion (KRW 380.99B) and Nile Holdings LLC’s portion (KRW 86.30B).
- To fulfill the waterfall distribution procedure under the shareholder agreement, SK Square’s payment claim for the share sale will be transferred to Nile Holdings LLC.
- This disclosure serves as the final confirmation filing regarding market rumors/reports on the sale of 11Street since January 2024.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Transaction Closing and Business Restructuring Completion
This share disposal is an intra-group restructuring aimed at enhancing the competitiveness of the OCB-commerce platform by transferring SK Square’s entire stake in 11Street to affiliate SK Planet. Verifying whether the transaction closes as scheduled on November 27, 2025, following regulatory procedures such as FTC review, is essential to confirm the execution of the sale and the realignment of the group’s commerce business structure. Relevant details can be verified in future official disclosures or upcoming periodic financial reports.
📢 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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