[eGongsi Notice] SK Telecom Decides to Invest 22.4 Billion KRW in Conan Technology, etc.

[Asia Economy Reporter Myunghwan Lee] SK Telecom announced on the 28th that its affiliate SK Communications has decided to acquire a 20.77% stake in Conan Technology for 22.353 billion KRW.

SK Telecom explained the purpose of the acquisition as "to secure and advance core AI technologies." The stake acquisition will be conducted through an over-the-counter transaction.

Along with this, SK Telecom also announced a quarterly cash dividend of 830 KRW per common share. The dividend yield is 1.59%, with a total dividend amount of 180.966 billion KRW. The record date for dividends is September 30.

Below are SK Telecom's disclosure and other major disclosures released during the morning trading session.

▲Samsung Engineering: Preliminary consolidated operating profit for Q3 this year increased by 15.5% year-on-year to 160.538 billion KRW. Sales for the same period rose 40.7% to 2.4579 trillion KRW.

▲Songwon Industrial: Preliminary consolidated operating profit for Q3 this year increased by 64.1% year-on-year to 49.314 billion KRW. Sales for the same period increased 34.8% to 350.731 billion KRW.

▲HDC Hyundai Development Company: Preliminary consolidated operating profit for Q3 this year increased by 4.7% year-on-year to 69.552 billion KRW. Sales for the same period decreased 14.2% to 737.83 billion KRW.

▲Hyundai Mobis: Preliminary consolidated operating profit for Q3 this year increased by 25.9% year-on-year to 575.958 billion KRW. Sales for the same period grew 31.9% to 13.1804 trillion KRW.

▲DB: Preliminary consolidated operating profit for Q3 this year increased by 42.5% compared to the same period last year to 6.78 billion KRW. Sales for the same period rose 20.9% to 102.093 billion KRW.

▲Hwanin Pharm: Preliminary consolidated sales for Q3 this year decreased by 2% year-on-year to 7.137 billion KRW. Sales for the same period increased 9.8% to 49.36 billion KRW.

▲Hyundai Elevator: Decided to acquire treasury shares worth 50 billion KRW to enhance shareholder value through stock price stabilization.

▲Melpas: Embezzlement allegations involving 165 billion KRW. The accused include interim CEO Kang and Vice President Park among three individuals. The company plans to take all necessary measures following legal procedures.

▲AfreecaTV: Preliminary consolidated operating profit for Q3 this year decreased by 10.6% year-on-year to 20.654 billion KRW.

▲AhnLab: Preliminary consolidated operating profit for Q3 this year increased by 28.4% year-on-year to 7.38 billion KRW.

▲Hubitz: Preliminary consolidated operating profit for Q3 this year increased by 42.9% year-on-year to 6.31 billion KRW.

▲Nextin: Signed a wafer inspection system supply contract worth 7.374 billion KRW.