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Investment holding company spun off from SK Telecom, holding SK Group's largest stake in SK hynix plus ICT/platform businesses.
Investment holding company spun off from SK Telecom, holding SK Group's largest stake in SK hynix plus ICT/platform businesses.
Earns mainly dividends from its SK hynix stake and gains or losses on a portfolio of technology investments, and has few operations of its own. It was created in 2021 when SK Telecom split off its investment arm. Its value follows SK hynix's memory cycle rather than any product.
In one line: A tech-focused holding company, like a Korean SoftBank centered on a memory-chip stake..
Moat: none (scale). An investment holding company; value tracks its SK hynix stake and portfolio-company performance, not an operating moat.
Headquarters: Seoul, South Korea · Founded: 2021 · Employees: 84
Size Sksquare (402340.KS) is a South Korea Information Technology company (Financial Conglomerates) with a market value of $70.2B, the 3rd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩724,000 on 6 Nov 2026.
Performance Over six months the shares fell 13.8%, against -39.5% for the median peer and -24.5% for the South Korea market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 29.6% over the last twelve months (peer median +21.0%); the operating margin is 609.4% (peer median 11.6%).
Valuation It trades at 1.74× book value against a peer median of 3.50× (8th cheapest of 21).
Price implies The share price implies a return on equity of about 20.9%; Sksquare delivers 85.6%, so the price asks less than the business earns today.
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩1.23T | ₩1.41T | ₩1.65T | ₩2.28T | ₩2.37T |
| Revenue growth | — | -14% | -28% | -4% | — |
| Gross profit | n/a | ₩1.04T | ₩1.12T | ₩859B | ₩1.09T |
| EBITDA | n/a | -₩61.0B | -₩97.1B | -₩200B | -₩256B |
| Net income | ₩32.8T | ₩8.82T | ₩3.71T | -₩2.33T | ₩260B |
| Free cash flow | n/a | ₩364B | ₩151B | ₩28.5B | ₩20.4B |
| Capital expenditure | n/a | ₩38.6B | ₩60.6B | ₩259B | ₩374B |
| Total debt | ₩92.2B | ₩113B | ₩71.5B | ₩147B | ₩2.17T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Sksquare 402340.KS | $70.2B | -14% | -30% | 86% | 1.74× | 20.9% |
| SK 034730.KS | $17.9B | +5% | +15% | 27% | 0.66× | 8.0% |
| Naver 035420.KS | $20.3B | -10% | +15% | 7% | 0.96× | 6.7% |
| Softbank 9984.T | $128B | -32% | +9% | 34% | 1.11× | 17.4% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 402340.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -36.6% | -33.8% | 10th lowest of 21 |
| 6-month return | -13.8% | -39.5% | 8th highest of 21 |
| Return on equity | 85.6% | 8.7% | highest of 21 |
| Price / book | 1.74× | 3.50× | 8th cheapest of 21 |
| ROE the price implies | 20.9% | 26.9% | 10th least demanding of 21 |
| ROE delivered | 85.6% | 22.0% | highest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Sksquare 402340.KS | South Korea | $70.2B | -14% | -30% | 86% | 1.74× | 20.9% | 85.6% |
| SamsungElecMech 009150.KS | South Korea | $47.2B | +5% | +22% | 8% | 6.89× | 89.9% | n/a |
| Lgelectronics 066570.KS | South Korea | $17.3B | -2% | +8% | 4% | 1.04× | 12.1% | n/a |
| Samsung Sds 018260.KS | South Korea | $12.4B | +31% | +2% | 8% | 1.70× | 12.3% | n/a |
| HANMISemi 042700.KS | South Korea | $11.3B | -56% | -20% | 33% | 20.50× | 173.4% | 33.2% |
| LG Corp. 003550.KS | South Korea | $9.77B | -9% | +3% | 3% | 0.45× | 5.3% | 2.6% |
| SK hynix 000660.KS | South Korea | $608B | -12% | +220% | 44% | 6.59× | 71.8% | n/a |
| SamsungElec 005930.KS | South Korea | $886B | -14% | +88% | 11% | 2.95× | 24.9% | n/a |
| HyundaiAutoever 307950.KS | South Korea | $5.49B | -40% | +16% | 10% | 4.04× | 42.7% | n/a |
| LG Cns 064400.KS | South Korea | $5.29B | +14% | +4% | 17% | 2.45× | 19.0% | n/a |
| LG Innotek 011070.KS | South Korea | $4.62B | -54% | +20% | 6% | 1.09× | 15.4% | n/a |
| Hanwha Solutions 009830.KS | South Korea | $4.30B | -49% | +14% | -7% | 0.53× | 6.4% | n/a |
| Isupetasys 007660.KS | South Korea | $3.36B | -59% | +42% | 26% | 5.31× | 43.5% | 26.4% |
| kakaopay 377300.KS | South Korea | $3.22B | -42% | +32% | 2% | 2.30× | 15.8% | n/a |
| Simmtech 222800.KS | South Korea | $2.69B | +7% | +42% | -32% | 6.08× | 59.6% | n/a |
| Daeduck Electronics 353200.KS | South Korea | $2.61B | -37% | +56% | 5% | 4.09× | 36.0% | n/a |
| LG Display 034220.KS | South Korea | $2.61B | -42% | -7% | 3% | 0.54× | 5.9% | n/a |
| Leeno Industrial 058470.KS | South Korea | $2.60B | -61% | +24% | 26% | 4.55× | 29.3% | 26.4% |
| EO Technics 039030.KS | South Korea | $2.53B | -39% | +26% | 16% | 4.67× | 29.6% | 16.0% |
| DB HiTek 000990.KS | South Korea | $2.41B | -48% | +29% | 18% | 1.47× | 16.2% | 17.7% |
| Posco Dx 022100.KS | South Korea | $2.24B | -43% | -15% | 10% | 5.34× | 29.0% | n/a |