1. Decoding the ₩26.9B After-Hours Block Trade

On August 20, 2025, 196,147 shares of SK Square were traded after-hours for ₩26.9 billion. This transaction is believed to be connected to the trading activity of foreign investors and is likely a market reaction to the company’s positive Q2 earnings announcement.

2. SK Square’s Fundamentals: A Mixed Bag

SK Square returned to profitability in Q2 2025, driven by improved performance from SK Hynix and its investment portfolio. The increase in equity method income from SK Hynix was a significant contributor. However, profitability issues with subsidiaries like 11st and ONE Store remain a challenge.

  • Positive Factors: Strong SK Hynix performance, improved investment portfolio returns, stable financial structure
  • Negative Factors: Profitability concerns for some subsidiaries, increased competition, potential financial risks

3. Impact of the Block Trade on Future Stock Price

This large block trade could increase short-term stock price volatility. In the medium to long term, SK Square’s stock price will likely be influenced by SK Hynix’s continued performance, subsidiary profitability improvements, and new investments. Macroeconomic factors will also play a role.

4. Action Plan for Investors

Investors considering SK Square should keep the following in mind:

  • Monitor the performance and strategic direction of SK Square’s other investment assets beyond SK Hynix.
  • Watch for profitability improvement and competitiveness strengthening strategies at 11st and ONE Store.
  • Consider the potential impact of fluctuations in macroeconomic indicators like interest rates and exchange rates.