Daily BriefsSouth Korea

Daily Brief South Korea: SK Square and more

In today’s briefing:

  • Potential Merger Dynamics Involving SK Inc, SK Square, & SK Hynix


Potential Merger Dynamics Involving SK Inc, SK Square, & SK Hynix

By Sanghyun Park

  • Regardless of the divorce proceedings, SK still urgently needs SK Inc’s stock price to rise for other reasons. That reason is to position SK Hynix directly under SK Inc.
  • SK Inc boosts stake in SK Square with SK Telecom shares, followed by a public tender offer to exchange SK Square shares for new SK Inc shares.
  • SK Inc’s involvement in the divorce lawsuit makes it a focus for traders seeking relative outperformance among the SK companies involved in this situation.

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