Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Major Highlights of SK Telecom's 3Q 2020 Earnings Conference Call

Amazon and SK Telecom's 11st Close to Forming a Strategic Partnership

Naver - Time to Go Underweight (Covid Recovery + Amazon)

SK Telecom: Name Change & IPOs of SK Broadband, ADT Caps, & 11st (Harbinger of SK Reorganization)?

SK Telecom - Announces Share Buyback of 500 Billion Won

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Private Capital Markets

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<p>OneStore, the third-largest app market operator in Korea, is owned by SK Telecom. OneStore is expected to complete its IPO in <a href="https://en.yna.co.kr/view/AEN20200929009400320" target="_blank" rel="noopener">2021.</a> The local media have mentioned the value of OneStore to be between 1 trillion won to <a href="http://www.businesspost.co.kr/BP?command=article_view&amp;num=196943" target="_blank" rel="noopener">2 trillion won. </a></p>
<p><strong>OneStore's market share increased sharply from 12.9% in June to 14.1% in July and 18.4% in August.</strong> The key reason for this sharp increase in OneStore's market share is due to Google Playstore's recent decision to enforce a 30% fee for all in-app digital content purchases. The sharp increase in market share has been one of the main reasons why the market valuation estimates of OneStore have recently increased from about 1 trillion ton to nearly 2 trillion won. </p>
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OneStore, the third-largest app market operator in Korea, is owned by SK Telecom. OneStore is expected to complete its IPO in 2021. The local media have mentioned the value of OneStore to be between 1 trillion won to 2 trillion won. 
OneStore's market share increased sharply from 12.9% in June to 14.1% in July and 18.4% in August. The key reason for this sharp increase in OneStore's market share is due to Google Playstore's recent decision to enforce a 30% fee for all in-app digital content purchases. The sharp increase in market share has been one of the main reasons why the market valuation estimates of OneStore have recently increased from about 1 trillion ton to nearly 2 trillion won. 


SK Telecom

Initial Thoughts on the OneStore IPO