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KRX:034730

17 stories mentioning KRX:034730Updated 7d ago

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Asia

South Korea's Kospi Falls Over 5% on Semiconductor Profit-Taking; Kosdaq Gains

South Korea's Kospi plunged on Monday as investors took profits in major semiconductor stocks after the market's record rally of 1001.89 points on Friday.The Korea Composite Stock Price Index, or Kospi, decreased by 338 points, or 5.1%, to end at 6,257.45. The Kosdaq, however, increased by 17.59 points, or 2.4%, to close at 737.35.In economic news, South Korean manufacturing output expanded at a faster rate in July versus the previous month, S&P Global said Monday.The latest seasonally adjusted S&P Global South Korea Manufacturing PMI rose to 53.1 from 52.1 in June.S&P said the rate of improvement was among the fastest recorded over the past four years.In corporate news, SK Inc. (KRX:034730) agreed to transfer 47.3 million shares it holds in SK Siltron to Doosan Corp. (KRX:000150) for 2.3 trillion won by Jan. 31, 2027, pending regulatory approvals and conditions precedent.The disposal includes 34.2 million shares currently held plus 13.1 million shares to be acquired through Total Return Swap agreements, according to a bourse filing on Monday.The transaction incorporates an excess profit-sharing mechanism tied to SK Siltron's EBITDA targets through 2034, quality certification milestones, and asset sale proceeds exceeding book value.SK Inc.'s shares fell 6%, while Doosan jumped 6% at market close.

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SK to Sell Controlling Stake in SK Siltron to Doosan for KRW2.3 Trillion
US Markets

SK to Sell Controlling Stake in SK Siltron to Doosan for KRW2.3 Trillion

SK Inc. (KRX:034730) has agreed to sell its controlling stake in semiconductor silicon wafer manufacturer SK Siltron to Doosan Corp. (KRX:000150) for about 2.3 trillion won.Under the deal, SK will transfer 47.3 million common shares of SK Siltron, representing a 70.6% stake, to Doosan, according to a regulatory filing from SK on Monday and a separate press release from Doosan on Friday.The SK board approved the share purchase agreement on Friday. The transfer is scheduled to close by Jan. 31, 2027, subject to regulatory approvals.SK said the disposal is intended "to improve financial soundness and secure future growth engines."The company said the transfer price is subject to change, reflecting potential adjusted items. Doosan said separately that the acquisition is expected to be finalized after adjustments to the purchase price.SK said it may receive additional payments from the buyer tied to SK Siltron's performance through 2034.Doosan described SK Siltron as "Korea's only semiconductor wafer manufacturing company." Founded in 1983, the target company manufactures and sells 300mm and 200mm silicon wafers for semiconductors. Doosan noted that SK Siltron's 12-inch wafers are among the top three in the global market.SK Siltron booked operating profit of more than 400 billion won on revenue of 2 trillion won in 2025, Doosan said.Doosan expects SK Siltron's wafer business to grow at roughly 8% annually, targeting about 3 trillion won in revenue by 2031."Siltron will not be listed, and based on its stable business portfolio, it will strive to further enhance shareholder value for Doosan Corp.," a Doosan official was quoted as saying in the company's announcement.The announcement caps off months of talks about the sale of SK Siltron. In December 2025, SK Group announced that Doosan had been selected as the preferred bidder to acquire SK Siltron."Details will be determined after discussions with the preferred bidder, and we will announce related matters once they are finalized or within three months," SK Group said at the time.In late-morning trading in Seoul on Monday, shares of SK fell nearly 7%, while Doosan jumped over 4%.

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Asia

Doosan Board OKs Acquisition of Controlling Stake in SK Siltron in KRW 2.3 Trillion Cash Deal

Doosan's (KRX:000150) board approved the acquisition of a 70.61% stake in SK Siltron from SK (KRX:034730) for 2.3 trillion won in cash, with plans for separate talks to acquire the remaining 29.39% stake from SK Group Chairman Chey Tae-won, according to a bourse filing on Friday.The smart machine manufacturer said an external valuation by Deloitte Anjin estimated the 70.61% stake or 47.3 million shares between 2.09 trillion won and 2.47 trillion won, deeming the agreed price appropriate.The transaction, estimated to close by Jan. 31 2027, valued at 6.98% of Doosan's total assets and 18.8% of its equity, aims to secure a foundation for mid-to-long-term growth through business diversification.The deal includes an excess profit-sharing mechanism tied to SK Siltron's EBITDA targets through 2034, quality certification milestones, and asset sale proceeds.

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Asia

SK Inc. to Sell Controlling Stake in SK Siltron to Doosan For KRW2.3 Trillion

SK Inc. (KRX:034730) agreed to transfer 47.3 million shares it holds in SK Siltron to Doosan Corp. (KRX:000150) for 2.3 trillion won by Jan. 31, 2027, pending regulatory approvals and conditions precedent.The disposal includes 34.2 million shares currently held plus 13.1 million shares to be acquired through Total Return Swap agreements, according to a bourse filing on Monday.The transaction incorporates an excess profit-sharing mechanism tied to SK Siltron's EBITDA targets through 2034, quality certification milestones, and asset sale proceeds exceeding book value.SK Inc.'s shares fell 4%, while Doosan jumped over 4% in recent trade.

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Asia

SK Issues KRW 8.7 Billion Convertible Bonds for Socar Mobility Malaysia Purchase

SK (KRX:034730) approved the private placement of zero-coupon convertible bonds worth 8.7 billion won, maturing in August 2028 with a conversion price of 544,785 per share.Proceeds will fund the acquisition of securities issued by Socar Mobility Malaysia, an automotive rental firm, through investments in two private equity vehicles-Eastbridge Asia and Eugene Smart Mobility, according to a bourse filing on Monday.The bonds carry a put option allowing early redemption starting August 2027 at 0% yield, and are restricted from transfer or splitting for one year following issuance.Full conversion would add approximately 15,970 new shares, representing a 0.02% dilution of total outstanding shares.

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Asia

Market Chatter: SK Inc., Doosan Corp. Near Deal on Controlling Stake Sale of 70.6% in SK Siltron

Discussions between SK Inc. (KRX:034730) and Doosan Corp. (KRX:000150) over the sale of a controlling stake of 70.6% in SK subsidiary SK Siltron are expected to conclude this week, after signing a definitive agreement was delayed, The Korea Times reported Tuesday.The parties had expected to sign a stake sale agreement in the first half of this year, but repeatedly denied any definitive deal in regulatory filings, the report said. SK Siltron's valuation has since risen from about 5 trillion won to around 7 trillion won amid a semiconductor upcycle and higher silicon wafer prices, prompting SK Inc. to delay the deal, according to the report.SK Inc. and Doosan Corp. did not immediately respond to' request for comment.Shares of SK Inc. fell nearly 12% in recent trade, while those of Doosan Corp. declined over 7%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: South Korean Court Keeps SK Chairman's SK Inc. Stake in Divorce Asset Pool

A Seoul High Court again included SK Group Chairman Chey Tae-won's 17.9% stake in SK Inc. (KRX:034730) and other holdings in the marital estate in its latest divorce ruling, Reuters reported Friday.The court ruled the assets should be valued as of April 16, 2024, when the original appeals court concluded fact-finding in the divorce case, citing Supreme Court precedent, according to the report.The ruling ordered Chey to pay his former wife, Roh Soh-yeong, 944 billion won in a divorce property settlement, down from an earlier award of 1.38 trillion won, Reuters reported.Chey will retain ownership of his SK Inc. shares and satisfy the settlement in cash, the report said.The decision is expected to keep investors focused on Chey's controlling stake, amid questions over whether the sizable cash payment could prompt him to raise funds through borrowing, asset sales or share pledges, the report added.Shares of SK Inc. slid nearly 4% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

SK Launches Tender Offer For SK Signet

SK (KRX:034730) has launched a tender offer to acquire 10.1 million common shares of SK Signet at 8,200 won per share, totalling 82.6 billion won, with the transaction expected to close by Aug. 26.The acquisition is aimed at delisting SK Signet from the KONEX market. SK will hold a 99.77% stake upon completion, according to a Korea bourse filing on Friday.The tender offer period runs from July 24 to Aug. 24, but the final number of shares acquired may vary depending on tender participation, and the company's ownership figures include adjustments for convertible preferred shares held by investor Rio Jeil-ho Private Equity Fund.

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Asia

SK Innovation Acquires Coil BESS for 1.29 Billion Won

SK Inc. (KRX:034730) said its subsidiary SK Innovation (KRX:096770) added Coil BESS as a wholly owned subsidiary after acquiring a 100% equity stake in the energy storage systems company for 1.29 billion won, according to a Wednesday filing with the Korean Exchange.The acquisition, completed through a share purchase agreement, included a 658 million won payment for the shares and 632 million won for loan receivables and related rights, which will be converted into equity.The transaction increases its total number of subsidiaries to 30.

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Asia

IS DongSeo Discloses KRW31.35 Billion Construction Contract With SK

IS DongSeo (KRX:010780) has disclosed a contract for the Yongin cluster construction project with SK (KRX:034730) subsidiary SK Eco Plant, according to a Tuesday filing with the Korea Exchange.The contract, valued at 31.35 billion won, was signed on Feb. 10, 2025 and is valid until Dec. 31.Shares of SK were down more than 2% in recent trade.

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Asia

Subcontractor Fatality at SK Inc. Railway Construction Project Prompts Investigation

South Korean authorities, led by the police and the Ministry of Employment and Labor, have launched an investigation following a fatal workplace accident at a high-speed railway construction project being carried out by an SK Inc. (KRX:034730) subsidiary, according to a Thursday Korea Exchange filing.A subcontractor worker died after being caught in a conveyor belt during an on-site inspection of the Section 2 of the Peyongtaek-Osong Double Track High-Speed Railway expansion project.The section is being constructed under a contract held by SK Inc. subsidiary SK Ecoplant.SK Inc. said it plans to establish recurrence prevention measures following the incident.Shares of the company fell 7% in recent trade.

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SK, KKR Launch 2 Trillion-Won Renewable Energy Platform in Korea
US Markets

SK, KKR Launch 2 Trillion-Won Renewable Energy Platform in Korea

South Korean conglomerate SK Inc. (KRX:034730) and US private equity firm KKR signed definitive agreements to launch what they describe as "Korea's largest renewable energy platform," valued at 2 trillion won, according to a press release on Wednesday.The new platform combines renewable energy assets previously held by SK affiliates, including SK Innovation (KRX:096770), SK Ecoplant and SK Eternix (KRX:475150).The assets span solar, onshore and offshore wind, and fuel cells, combining them into a single, integrated platform, according to the companies.The platform covers the full value chain from development and construction through operation and maintenance.The platform currently has about 1.7 gigawatts of capacity in operation, with a development pipeline that would bring total capacity to 10 gigawatts. SK and KKR said this is enough to simultaneously and continuously power 100 large-scale, 100-megawatt data centers.At its initial phase, KKR will hold management control of the platform, with SK participating as an equity investor. The South Korean firm will also retain flexibility to pursue control rights through negotiations.The investment is being made through KKR's Asia Pacific infrastructure strategy.The deal is aimed at meeting surging demand for clean power in Korea from AI data centers, semiconductor manufacturing and other large industrial users. For SK, the move is part of a broader portfolio rebalancing, while for KKR, it extends a series of Asia Pacific energy transition investments that include Serentica Renewables in India, CleanPeak Energy in Australia and Zenith Energy in Australia.KKR has invested more than $31 billion in energy transition and renewables infrastructure since 2011 and manages more than $100 billion in infrastructure assets globally."We are delighted to work alongside SK, a strategic partner with deep local operational capability. Korea is one of Asia's most attractive renewable energy markets, underpinned by strong corporate demand for clean power from the semiconductor, data center, and manufacturing sectors," said Keith Kim, Partner at KKR.The move marks the latest multi-trillion-won investment for SK Inc. parent, SK Group, in recent days after it announced on Monday a 2,100 trillion-won plan to enhance South Korea's AI value chain, supporting the government's AI plans.Of the total, 1,100 trillion won will be used to boost semiconductor production, while 1,000 trillion won will go toward an AI memory production belt linking the cities of Yongin and Cheongju with the country's southwestern region.

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Asia

SK Telecom, SK Inc. to Acquire Stake in SK Hynix NAND Product Solutions

SK Telecom (KRX:017670) and SK Inc. (KRX:034730) will each acquire 642 shares in SK Hynix (KRX:000660) subsidiary SK Hynix NAND Product Solutions for 397.1 billion won in cash, according to a Monday filing with the Korea Exchange.The investment will give SK Telecom and SK Inc. a 0.62% stake each in SK Hynix NAND Product Solutions. The acquisitions are scheduled to be concluded on July 23, the filing said.Shares of SK Hynix fell nearly 2% at market close, while those of SK Inc. declined about 4%.

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Asia

Woowon Development Wins Railway Construction Work Contract

Woowon Development (KOSDAQ:046940) secured a contract for construction work for Section 4 of the Gangneung-Jejin single-track railway from SK Inc. (KRX:034730) subsidiary SK Ecoplant.The contract, valued at 52.9 billion won, is valid until Sept. 16, 2028, according to a Thursday filing with the Korea Exchange.Shares of Woowon Development fell over 3% at market close.

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Asia

SK Reit to Lease SK Seorin Building in Seoul to SK Inc

SK Reit (KRX:395400) signed a five-year lease agreement for its SK Seorin Building in Seoul with SK Inc (KRX:034730) with an aim to generate rental income, according to a Tuesday filing with the Korea Exchange.The building has an annual rent of 52.8 billion won, with the lease running from July 2026 to July 2031. The transaction value of the deal stood at 53.8 billion won, which included a 32.7 billion won security deposit, the filing said.

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Asia

Woojin I&S KRW11.9 Billion Secures Office Construction Order from SK ecoplant

Woojin I&S (KRX:010400) secured an order from SK Inc. (KRX:034730) subsidiary SK ecoplant for the construction of a temporary facility and fire protection for the Phase 4 IBL FAB integrated office at the Yongin Cluster Phase One.The contract, valued at 11.9 billion won, is valid till May 31, 2027, according to a Tuesday filing by the South Korean mechanical equipment producer and construction firm with the Korea Exchange.Shares of Woojin I&S closed marginally higher, while those of SK Inc. added 2% at the close of Tuesday's trade.

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Asia

IS DongSeo Secures KRW63.5 Billion Cheongju P&T7 Construction Project from SK Ecoplant

IS DongSeo (KRX:010780) will build the plant and technology line 7 in Cheongju for SK Inc. (KRX:034730) subsidiary SK Ecoplant, according to a Friday filing with the Korea Exchange.The contract, valued at 63.5 billion won, is valid till June 30, 2028.Shares of IS DongSeo added nearly 4% while those of SK Inc. declined over 7% at market close.

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