Founder/CEO of ROK Advisory, ROK Advisory LLC

Ken S. Kim

Founder/CEO of ROK Advisory

ROK Advisory LLC

ROK is an independent research advisory firm. We guide you to minimize the information gap between foreign and local investors in Northeast Asia with a focus in Korea, Taiwan and Japan.

Independent Research Advisory Firm

Equity Bottom-Up

<p>In Korea the safest way to invest is to align your interest as a minority shareholder with those of the family?  Usually the key asset of the chaebol is apparent but what about SK Group? It seems we have an opportunity to hone in what the key asset is.</p>

In Korea the safest way to invest is to align your interest as a minority shareholder with those of the family?  Usually the key asset of the chaebol is apparent but what about SK Group? It seems we have an opportunity to hone in what the key asset is.

The Chaebol Dilemma - What's the Family Jewel(S)?

Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<p>SK Telecom finally announced its plans for an equity spinoff.</p><div class="content-highlight">
<p><strong>SKT will be split into two companies.</strong></p>
<ul>
<li><strong>The surviving company: tentatively named 'AI &amp; Digital Infra Company'</strong></li>
<li><strong>The newly spun-off company: tentatively named 'ICT Investment Company'</strong></li>
</ul>
</div><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/200/589/original/1.jpeg?1618405943" class="editor-image img-responsive" data-smartkarma-image-id="200589"></figure></section><div class="content-caption">(Source: SK Telecom)</div><p>Here is the regulatory filing at KRX KIND.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/200/588/original/Screen+Shot+2021-04-14+at+9.08.48+AM.png?1618405789" class="editor-image img-responsive" data-smartkarma-image-id="200588"></figure></section><div class="content-caption"><a href="https://engkind.krx.co.kr/common/disclsviewer.do?method=search&amp;acptNo=20210414000385&amp;docno=&amp;formProcsCd=070&amp;language=english" target="_blank" rel="noopener">(Source: KRX KIND)</a></div><hr><div class="content-highlight"><h2>Key points in the announcement</h2></div><ul>
<li>SKT wants this equity spinoff to unlock the market valuation for the telecom (SKT itself), semiconductor (Hynix), and the remaining ICT businesses (ADT Caps, 11st, etc.).</li>
<li>SKT also wants to offer investors two separate investment options: telecom (value and steady) and non-telecom (growth and more volatile).</li>
<li>The spinoff company will actively seek investment activities. It plans to invest in both domestic and overseas semiconductor companies.</li>
<li>The spinoff company will also promote IPOs of its subsidiaries: ADT Caps, 11st, and T Map Mobility.</li>
<li>SKT stated that it has no plans to merge the spinoff company with SK Inc.</li>
<li>SKT plans to complete this equity spinoff within this year.</li>
</ul>

SK Telecom finally announced its plans for an equity spinoff.
SKT will be split into two companies.

The surviving company: tentatively named 'AI &amp; Digital Infra Company'
The newly spun-off company: tentatively named 'ICT Investment Company'

(Source: SK Telecom)Here is the regulatory filing at KRX KIND.(Source: KRX KIND)Key points in the announcement
SKT wants this equity spinoff to unlock the market valuation for the telecom (SKT itself), semiconductor (Hynix), and the remaining ICT businesses (ADT Caps, 11st, etc.).
SKT also wants to offer investors two separate investment options: telecom (value and steady) and non-telecom (growth and more volatile).
The spinoff company will actively seek investment activities. It plans to invest in both domestic and overseas semiconductor companies.
The spinoff company will also promote IPOs of its subsidiaries: ADT Caps, 11st, and T Map Mobility.
SKT stated that it has no plans to merge the spinoff company with SK Inc.
SKT plans to complete this equity spinoff within this year.


SK Telecom Equity Spinoff Announcement: Summary, Takeaways, & Price Impact

<p>SK Telecom delivered an 8.09% gain at a 3.63x DTV in the previous session.</p><p>The price peaked at ₩278,000, setting a new 52W high.</p><p>The announced quarterly dividend and SKT split were what drove up the price last Friday.</p><table class="table table-striped">
<colgroup>
<col width="70">
<col width="70">
</colgroup>
<tbody>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"Today"}'>Previous session (March 26, Friday)</td></tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Name"}' data-sheets-numberformat='[null,5,"m\"/\"d\"/\"yy"]'>Name</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"SK Telecom Co Ltd"}' data-sheets-numberformat='[null,4,"[$₩]#,##0"]' data-sheets-formula='=googlefinance(R[1]C[0], "name")'>SK Telecom Co Ltd</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Ticker"}' data-sheets-numberformat='[null,5,"m\"/\"d\"/\"yy"]'>Ticker</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"017670"}' data-sheets-numberformat='[null,4,"[$₩]#,##0"]' data-sheets-formula='="017670"'>017670</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MC (₩B)"}'>MC (₩B)</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":22124.324814}' data-sheets-numberformat='[null,2,"#,##0.0"]' data-sheets-formula='=googlefinance(R[-1]C[0], "price")*googlefinance(R[-1]C[0], "shares")/1000000000'>22,124.3</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"DTV (₩B)"}'>DTV (₩B)</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":76.70187402631579}' data-sheets-numberformat='[null,2,"#,##0.0"]' data-sheets-formula='=googlefinance(R[-2]C[0], "volumeavg")*average(index(googlefinance(R[-2]C[0], "price", today()-30, today()), 0,2))/1000000000'>76.7</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Close"}'>Close</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":274000}' data-sheets-numberformat='[null,4,"[$₩-412]#,##0"]' data-sheets-formula='=googlefinance(R[-3]C[0], "price")'>₩274,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Δ Daily"}'>Δ Daily</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.08086785009861933}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R6C2-R[0]C[1])/R[0]C[1]">8.09%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Open"}'>Open</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.06407766990291262}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R6C2-R[0]C[1])/R[0]C[1]">6.41%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"High"}'>High</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":-0.014388489208633094}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R6C2-R[0]C[1])/R[0]C[1]">-1.44%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Low"}'>Low</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.0682261208576998}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R6C2-R[0]C[1])/R[0]C[1]">6.82%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"x DTV"}'><strong>x DTV</strong></td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":3.6343745568121477}' data-sheets-numberformat='[null,2,"#,##0.00",1]' data-sheets-formula='=googlefinance(R[-8]C[0], "volume")/googlefinance(R[-8]C[0], "volumeavg")'><strong>3.63</strong></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"TV (₩B)"}'>TV (₩B)</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":301.933204}' data-sheets-numberformat='[null,2,"#,##0.0"]' data-sheets-formula='=googlefinance(R3C[0], "volume")*R[-6]C[0]/1000000000'>301.9</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"TV/SO"}'>TV/SO</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.013647114953263586}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula='=googlefinance(R[-10]C[0], "volume")/googlefinance(R[-10]C[0], "shares")'>1.36%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"x Open"}'>x Open</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"8.34%p"}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula='=if((R[-5]C[1]-R[-4]C[1])/R[-6]C[1]&gt;0.1, left((R[-5]C[1]-R[-4]C[1])/R[-6]C[1]*100, 5)&amp;"%p", left((R[-5]C[1]-R[-4]C[1])/R[-6]C[1]*100, 4)&amp;"%p")'>8.34%p</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Upper wick"}'>Upper wick</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":-0.18604651162790697}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=if((R[-9]C[0]-R[-7]C[1])&gt;0, (R[-9]C[0]-R[-6]C[1])/(R9C[1]-R10C[1]), (R[-7]C[1]-R[-6]C[1])/(R9C[1]-R10C[1]))">-18.60%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Body"}'>Body</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.7674418604651163}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[-10]C[0]-R[-8]C[1])/(R9C[1]-R10C[1])">76.74%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Lower wick"}'>Lower wick</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.046511627906976744}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=if((R[-11]C[0]-R[-9]C[1])&gt;0, (R[-9]C[1]-R[-7]C[1])/(R9C[1]-R10C[1]), (R[-11]C[0]-R[-7]C[1])/(R9C[1]-R10C[1]))">4.65%</td>
</tr>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"Source: KRX"}'>Source: KRX</td></tr>
</tbody>
</table><table class="table table-striped">
<colgroup>
<col width="70">
<col width="70">
</colgroup>
<tbody>
<tr><td colspan="2" rowspan="1" style="width: 722.986px;" data-sheets-value='{"1":2,"2":"52W"}'>52W</td></tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"52WH"}'><strong>52WH</strong></td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":-0.014388489208633094}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[-15]C[0]-R[0]C[1])/R[0]C[1]"><strong>-1.44%</strong></td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":" - Date"}'><strong>- Date</strong></td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":44281.64583333333}' data-sheets-numberformat='[null,5,"m\"/\"d\"/\"yy"]' data-sheets-formula='=index(googlefinance(R[-19]C[0], "all", today()-365, today()+2), (match(max(index(googlefinance(R[-19]C[0], "all", today()-365, today()+2), 0, 3)), index(googlefinance(R[-19]C[0], "all", today()-365, today()+2), 0, 3), 0)), 1)'><strong>3/26/21</strong></td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"52WL"}'>52WL</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.611764705882353}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[-17]C[0]-R[0]C[1])/R[0]C[1]">61.18%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":" - Date"}'>- Date</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":43920.64583333333}' data-sheets-numberformat='[null,5,"m\"/\"d\"/\"yy"]' data-sheets-formula='=index(googlefinance(R[-21]C[0], "all", today()-365, today()+2), (match(MIN(index(googlefinance(R[-21]C[0], "all", today()-365, today()+2), 0, 4)), index(googlefinance(R[-21]C[0], "all", today()-365, today()+2), 0, 4), 0)), 1)'>3/30/20</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"20D SMA"}'>20D SMA</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.07863399271725224}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[-19]C[0]-R299C[15])/R299C[15]">7.86%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"20D EMA"}'>20D EMA</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.06978897560576489}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[-20]C[0]-R299C[16])/R299C[16]">6.98%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"120D SMA"}'>120D SMA</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.12600811629937844}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[-21]C[0]-R299C[17])/R299C[17]">12.60%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"20D Δ"}'>20D Δ</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.10707070707070707}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R6C2-R[252]C[14])/R[252]C[14]">10.71%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"20D SD"}'>20D SD</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.0317752982836343}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=stdev.s(R[252]C[14]:R299C[14])/average(R[252]C[14]:R299C[14])">3.18%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"120D Δ"}'>120D Δ</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.15126050420168066}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R6C2-R[150]C[14])/R[150]C[14]">15.13%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"120D SD"}'>120D SD</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.04652453407071372}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=stdev.s(R[149]C[14]:R299C[14])/average(R[149]C[14]:R299C[14])">4.65%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"180D Δ"}'>180D Δ</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.21777777777777776}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R6C2-R[88]C[14])/R[88]C[14]">21.78%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"180D SD"}'>180D SD</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.05449534356371748}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=stdev.s(R[87]C[14]:R299C[14])/average(R[87]C[14]:R299C[14])">5.45%</td>
</tr>
<tr><td colspan="2" rowspan="1" style="width: 722.986px;" data-sheets-value='{"1":2,"2":"Source: KRX"}'>Source: KRX</td></tr>
</tbody>
</table><table class="table table-striped">
<colgroup>
<col width="70">
<col width="70">
</colgroup>
<tbody>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"RSI, %K, &amp; %D"}'>RSI, %K, &amp; %D</td></tr>
<tr>
<td data-sheets-value='{"1":2,"2":"RSI (14)"}'>RSI (14)</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":69.67481814704726}' data-sheets-numberformat='[null,2,"#,##0.00",1]' data-sheets-formula="=R[468]C[7]">69.67</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"%K"}'>%K</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":87.09677419354838}' data-sheets-numberformat='[null,2,"#,##0.00",1]' data-sheets-formula="=R[467]C[10]">87.10</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"%D"}'>%D</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":79.95818399044205}' data-sheets-numberformat='[null,2,"#,##0.00",1]' data-sheets-formula="=R[466]C[11]">79.96</td>
</tr>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"Source: KRX"}'>Source: KRX</td></tr>
</tbody>
</table><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/197/743/original/chart.png?1616949737" class="editor-image img-responsive" data-smartkarma-image-id="197743"></figure></section><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/197/744/original/chart+%281%29.png?1616949748" class="editor-image img-responsive" data-smartkarma-image-id="197744"></figure></section><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/197/745/original/chart+%282%29.png?1616949759" class="editor-image img-responsive" data-smartkarma-image-id="197745"></figure></section>

SK Telecom delivered an 8.09% gain at a 3.63x DTV in the previous session.The price peaked at ₩278,000, setting a new 52W high.The announced quarterly dividend and SKT split were what drove up the price last Friday.





Previous session (March 26, Friday)

Name
SK Telecom Co Ltd


Ticker
017670


MC (₩B)
22,124.3


DTV (₩B)
76.7


Close
₩274,000


Δ Daily
8.09%


Open
6.41%


High
-1.44%


Low
6.82%


x DTV
3.63


TV (₩B)
301.9


TV/SO
1.36%


x Open
8.34%p


Upper wick
-18.60%


Body
76.74%


Lower wick
4.65%

Source: KRX







52W

52WH
-1.44%


- Date
3/26/21


52WL
61.18%


- Date
3/30/20


20D SMA
7.86%


20D EMA
6.98%


120D SMA
12.60%


20D Δ
10.71%


20D SD
3.18%


120D Δ
15.13%


120D SD
4.65%


180D Δ
21.78%


180D SD
5.45%

Source: KRX







RSI, %K, &amp; %D

RSI (14)
69.67


%K
87.10


%D
79.96

Source: KRX



Short SK Telecom on Last Friday's Distorted Gain

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

<div class="content-highlight">
<p>On 25 March in the AGM, SK Telecom's CEO Park Jung-Ho emphasized that a major corporate governance reorganization will be completed this year. Following this announcement, SK Telecom's shares are up 8% today. For those investors following <a href="https://www.smartkarma.com/entities/sk-telecom-co-ltd-bbccd86c-474d-4a4d-946d-10e911a225a2" target="_blank" data-smartkarma-citation="entities:395:1" rel="noopener">SK Telecom (017670 KS)</a> closely, the company has hinted about this move for the past 5+ years.</p>
<p><em>So, is the company crying wolf this time around again? This time around, we do not believe SK Telecom is crying wolf. Rather, we believe there is a 95%+ probability that the company announces a major corporate reorganization plan sometime in April/May this year, which should unlock a greater value from SK Telecom. We continue to maintain a positive view of SK Telecom. </em></p>
</div>


On 25 March in the AGM, SK Telecom's CEO Park Jung-Ho emphasized that a major corporate governance reorganization will be completed this year. Following this announcement, SK Telecom's shares are up 8% today. For those investors following SK Telecom (017670 KS) closely, the company has hinted about this move for the past 5+ years.
So, is the company crying wolf this time around again? This time around, we do not believe SK Telecom is crying wolf. Rather, we believe there is a 95%+ probability that the company announces a major corporate reorganization plan sometime in April/May this year, which should unlock a greater value from SK Telecom. We continue to maintain a positive view of SK Telecom. 


SK Telecom's CEO Confirms A Major Corporate Governance Reorganization Will Be Completed in 2021

Equity Capital Markets

SK Biopharmaceuticals   / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/sk-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:393:1" rel="noopener">SK Holdings (034730 KS)</a> announced after the market close today that it plans to sell a significant amount of <a href="https://www.smartkarma.com/entities/sk-biopharmaceuticals-co-ltd" target="_blank" data-smartkarma-citation="entities:28966:1" rel="noopener">SK Biopharmaceuticals Co Ltd (326030 KS)</a> shares in a block deal (about $1 billion). The block deal price range of SK Biopharm is from 129,800 won to 134,225 won. </p><p><strong>Overall, we believe this deal is likely to be slightly positive on SK Holdings but negative on SK Biopharm. We believe that investors will be able to buy SK Biopharm shares even at lower prices than than the discounted block deal prices. This big block deal is likely to act as an ongoing OVERHANG on SK Biopharm shares in the coming months. </strong></p>

SK Holdings (034730 KS) announced after the market close today that it plans to sell a significant amount of SK Biopharmaceuticals Co Ltd (326030 KS) shares in a block deal (about $1 billion). The block deal price range of SK Biopharm is from 129,800 won to 134,225 won. Overall, we believe this deal is likely to be slightly positive on SK Holdings but negative on SK Biopharm. We believe that investors will be able to buy SK Biopharm shares even at lower prices than than the discounted block deal prices. This big block deal is likely to act as an ongoing OVERHANG on SK Biopharm shares in the coming months. 

SK Biopharm - A Block Deal Worth $1 Billion Sell Down by SK Holdings (A Big Overhang)

South Korea

SK Holdings Co., Ltd. is a holdings company that is engaged in various industries including energy, chemicals, information technology, semiconductors, marketing, and services businesses in South Korea and internationally.

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SK Biopharm - A Block Deal Worth $1 Billion Sell Down by SK Holdings (A Big Overhang)

SK Holdings plans to sell nearly $1 billion worth of SK Biopharm in a block deal. We believe this will act as a big overhang on SK BIopharm shares.

Douglas Kim

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