Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP NEWS AGENCY) = SK Square announced that its 2023 annual performance recorded sales of KRW 2.2765 trillion , operating loss of KRW 2.3397 trillion, and net loss of KRW 1.3148 trillion based on consolidated financial statements.

As a specialized investment company, a total of KRW 2.0526 trillion in actual value method losses from portfolio companies such as SK Hynix were reflected in the operating loss. However, SK Hynix is expected to turn around its consolidated results this year as its performance has been improving moderately, with the company turning profitable in the fourth quarter of last year.

SK Square itself secured a cash inflow of approximately KRW 1 trillion last year, laying a solid foundation for new investments. In terms of accounting, cash and cash equivalents of KRW 506.5 billion, including KRW 177.1 billion in dividend income from SK Hynix and Incross, and KRW 450 billion of SK Shieldus’ remaining stake sale proceeds(receivables) were reflected in separate financial statements.

SK Square achieved several portfolio rebalancing results last year and reorganized resources for future investments. Major achievements include ▲recovering the investment performance of SK Shieldus(KRW 860 billion), ▲sale of NanoEntek(KRW 51.5 billion), and ▲sale of partial shares of SK Planet(KRW 35 billion).

SK Square laid the foundation for investment in semiconductor manufacturing(material parts , and equipment) last year. To facilitate smooth investment in overseas semiconductors, it agreed to establish TGC Square, the investment corporation, and to jointly invest KRW 100 billion with SK Hynix, Shinhan Financial Group, and LIG Nex1. It is currently making individual investments, focusing on Japan and the United States, and plans to announce the results soon.

By Soon-ki Lee(s8789@nspna.com) and Bok-hyun Lee(bhlee2016@nspna.com)

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