Exchange to Relist SK Square Common Shares on the 29th

[Asia Economy Reporter Kang Nahum] The Korea Exchange announced on the 25th that it will list the common shares of SK Square, a newly established company from the spin-off of SK Telecom, on the KOSPI market on the 29th.

SK Square is a holding company responsible for investments in semiconductors and information and communication technology (ICT). It has subsidiaries including SK Hynix, SK Shielders, 11st, and One Store. The surviving company, SK Telecom, will focus on wired and wireless telecommunications businesses.

The number of shares to be listed for SK Square is 141,467,571. The initial price will be determined by receiving bids within 50% to 200% of the evaluated price of the listed stock as of the application date, and set at the price where the sell and buy bids match.

A price fluctuation limit of 30% up or down will be applied based on this initial price.