[Featured Stock] SV Inbe, 52-Week High... Spotlight on Korea's First AI Semiconductor Unicorn Investor

52-Week High, Highest Since January 2014
Portfolio Company Rebellion Merges with SKT Subsidiary Sapeon
First Ever AI Semiconductor Unicorn Upon Merger Completion

SV Investment surged 15% to hit a 52-week high. It appears to have gained attention as an investor in the country's first domestic artificial intelligence (AI) semiconductor unicorn (a private company valued at over 1 trillion KRW).

As of 9:02 AM, SV Investment is trading at 2,750 KRW, up 14.58% (350 KRW) from the previous day. It quickly surpassed the 52-week high of 2,565 KRW recorded on January 23, 2014, right after the market opened.

The day before, Sapeon, a subsidiary of SK Telecom, and the startup Rebellion announced a merger. Rebellion, in which KT invested 66.5 billion KRW, and SK Telecom’s affiliate are being reborn as a single company. Sapeon and Rebellion are fabless companies producing AI chips for data centers, such as those used for ChatGPT. If the merger is completed as announced, it will become the first domestic AI semiconductor unicorn. Before the merger, Rebellion’s corporate value was about 900 billion KRW, and Sapeon’s was over 500 billion KRW. It is also noted as a strategic alliance between Korea’s two major telecommunications companies, as KT, the largest investor in Rebellion, reportedly agreed to the merger.

Rebellion received investments from various venture capitalists (VCs) and institutional investors across seed, pre-A, Series A, and Series B rounds. SV Investment invested in Rebellion twice, once during the Series A round in 2022 and again during the Series B round last year. The total investment amount reached approximately 20 billion KRW.