| Investments in Associates and Joint Ventures |
|
Investments in Associates and Joint Ventures |
| |
(1) |
Investments in associates and joint ventures accounted for using the equity method as of December 31, 2025 and 2024 are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments in associates: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SK China Company Ltd. |
|
China |
|
|
27.3 |
|
|
₩ |
1,045,903 |
|
|
|
27.3 |
|
|
₩ |
975,443 |
|
| Korea IT Fund(*1) |
|
Korea |
|
|
63.3 |
|
|
|
370,482 |
|
|
|
63.3 |
|
|
|
363,138 |
|
| UniSK |
|
China |
|
|
49.0 |
|
|
|
26,442 |
|
|
|
49.0 |
|
|
|
26,031 |
|
| SK Technology Innovation Company |
|
Cayman Islands |
|
|
49.0 |
|
|
|
33,523 |
|
|
|
49.0 |
|
|
|
34,516 |
|
| SK MENA Investment B.V.(*2) |
|
Netherlands |
|
|
32.1 |
|
|
|
6,612 |
|
|
|
32.1 |
|
|
|
17,273 |
|
| SK Latin America Investment S.A.(*3) |
|
Spain |
|
|
— |
|
|
|
— |
|
|
|
32.1 |
|
|
|
1,357 |
|
| SK South East Asia Investment Pte. Ltd. |
|
Singapore |
|
|
20.0 |
|
|
|
368,776 |
|
|
|
20.0 |
|
|
|
391,572 |
|
| Citadel Pacific Telecom Holdings, LLC(*4) |
|
USA |
|
|
15.0 |
|
|
|
55,167 |
|
|
|
15.0 |
|
|
|
51,780 |
|
| SM Culture & Contents Co., Ltd. |
|
Korea |
|
|
22.8 |
|
|
|
29,305 |
|
|
|
22.8 |
|
|
|
39,567 |
|
| Nam Incheon Broadcasting Co., Ltd.(*5) |
|
Korea |
|
|
— |
|
|
|
— |
|
|
|
27.3 |
|
|
|
15,635 |
|
| Home Choice Corp.(*4) |
|
Korea |
|
|
17.8 |
|
|
|
2,773 |
|
|
|
17.8 |
|
|
|
3,238 |
|
| Konan Technology Inc.(*4) |
|
Korea |
|
|
18.9 |
|
|
|
5,070 |
|
|
|
20.6 |
|
|
|
3,575 |
|
| CMES Inc.(*4) |
|
Korea |
|
|
6.5 |
|
|
|
6,999 |
|
|
|
6.6 |
|
|
|
4,772 |
|
| SK telecom Japan Inc. |
|
Japan |
|
|
24.9 |
|
|
|
3,629 |
|
|
|
24.9 |
|
|
|
3,703 |
|
| Rebellions Inc. (Formerly, SAPEON Korea Inc.)(*4) |
|
Korea |
|
|
18.2 |
|
|
|
187,466 |
|
|
|
26.1 |
|
|
|
298,327 |
|
| SK m&service Co., Ltd(*6) |
|
Korea |
|
|
30.0 |
|
|
|
24,551 |
|
|
|
— |
|
|
|
— |
|
Start-up Win-Win Fund and others(*4,7,8) |
|
— |
|
|
— |
|
|
|
65,661 |
|
|
|
— |
|
|
|
102,702 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
₩ |
2,232,359 |
|
|
|
|
|
|
₩ |
2,332,629 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments in joint ventures: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UTC Kakao-SK Telecom ESG Fund(*9) |
|
Korea |
|
|
48.2 |
|
|
|
6,111 |
|
|
|
48.2 |
|
|
|
9,198 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
₩ |
2,238,470 |
|
|
|
|
|
|
₩ |
2,341,827 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(*1) |
Investment in Korea IT Fund was classified as investment in associates as the Group does not have control over the investee under the contractual agreement with other shareholders. |
| |
(*2) |
The Group received ₩10,955 million from the paid-in capital reduction of SK MENA Investment B.V. for the year ended December 31, 2025, with no change in ownership interest. |
| |
(*3) |
The Group is expected to receive ₩1,394 million from the liquidation of SK Latin America Investment S.A. and recognized a ₩282 million loss relating to investments in associates for the year ended December 31, 2025. |
| |
(*4) |
These investments were classified as investments in associates as the Group can exercise significant influence through its right to appoint the members of the board of directors even though the Group has less than 20% of equity interests. |
| |
(*5) |
The Group received ₩4,000 million from the paid-in capital reduction of Nam Incheon Broadcasting Co., Ltd. and recognized a ₩11,791 million loss relating to investments in associates for the year ended December 31, 2025. |
| |
(*6) |
The Group disposed of a portion of shares in SK m&service Co., Ltd., which was an indirect subsidiary of the Parent Company, to SAMKOO Inc. and received ₩54,987 million for the year ended December 31, 2025. As a result, the remaining shares have been reclassified as an investment in associate as of December 31, 2025. |
| |
(*7) |
The Group exchanged its entire shares in id Quantique SA for shares in IonQ, Inc., and recognized a ₩1,189 million loss relating to investments in associates for the year ended December 31, 2025. |
| |
(*8) |
The Group newly contributed ₩10,596 million in cash to Syntelligence AI Ltd. for the year ended December 31, 2025. |
| |
(*9) |
This investment was classified as investment in joint ventures as the Group has joint control pursuant to the agreement with the other shareholders. |
| |
(2) |
Market value of investments in listed associates as of December 31, 2025 and 2024 are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In millions of won, except for share data) |
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SM Culture & Contents Co., Ltd. |
|
₩ |
1,330 |
|
|
|
22,033,898 |
|
|
|
29,305 |
|
|
|
1,400 |
|
|
|
22,033,898 |
|
|
|
30,847 |
|
| Konan Technology Inc. |
|
|
19,710 |
|
|
|
2,359,160 |
|
|
|
46,499 |
|
|
|
19,470 |
|
|
|
2,359,160 |
|
|
|
45,933 |
|
| CMES Inc. |
|
|
33,100 |
|
|
|
763,968 |
|
|
|
25,287 |
|
|
|
24,000 |
|
|
|
763,968 |
|
|
|
18,335 |
|
| |
(3) |
The condensed financial information of material associates as of and for the years ended December 31, 2025, 2024 and 2023 are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
(Formerly, SAPEON
Korea Inc.)(*1,2) |
|
| |
|
|
|
| Current assets |
|
₩ |
183,750 |
|
|
|
1,787,188 |
|
|
|
1,012,134 |
|
|
|
392,333 |
|
| |
|
|
401,222 |
|
|
|
2,120,977 |
|
|
|
965,785 |
|
|
|
295,580 |
|
| Current liabilities |
|
|
— |
|
|
|
39,402 |
|
|
|
42,226 |
|
|
|
912,220 |
|
| |
|
|
— |
|
|
|
407,230 |
|
|
|
31,791 |
|
|
|
10,420 |
|
|
|
| |
|
For the year ended December 31, 2025 |
|
| Revenue |
|
₩ |
40,134 |
|
|
|
68,245 |
|
|
|
132,567 |
|
|
|
32,022 |
|
| Profit (loss) for the period |
|
|
21,343 |
|
|
|
42,909 |
|
|
|
1,806 |
|
|
|
(204,898 |
) |
| Other comprehensive income |
|
|
4,232 |
|
|
|
239,747 |
|
|
|
12,323 |
|
|
|
219 |
|
| Total comprehensive income (loss) |
|
|
25,575 |
|
|
|
282,656 |
|
|
|
14,129 |
|
|
|
(204,679 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
SK South East Asia
Investment Pte. Ltd.(*1) |
|
| |
|
|
|
| Current assets |
|
₩ |
164,128 |
|
|
|
1,755,237 |
|
|
|
1,724,220 |
|
| |
|
|
409,248 |
|
|
|
1,898,657 |
|
|
|
1,328,952 |
|
| Current liabilities |
|
|
— |
|
|
|
48,662 |
|
|
|
342,671 |
|
| |
|
|
— |
|
|
|
328,485 |
|
|
|
18,430 |
|
|
|
| |
|
For the year ended December 31, 2024 |
|
| Revenue |
|
₩ |
57,110 |
|
|
|
71,870 |
|
|
|
119,019 |
|
| Profit (loss) for the year |
|
|
37,187 |
|
|
|
55,448 |
|
|
|
(54,649 |
) |
| Other comprehensive income (loss) |
|
|
13,006 |
|
|
|
(156,828 |
) |
|
|
(3,972 |
) |
| Total comprehensive income (loss) |
|
|
50,193 |
|
|
|
(101,380 |
) |
|
|
(58,621 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
SK South East Asia
Investment Pte.
Ltd.(*1) |
|
| |
|
|
|
| Current assets |
|
₩ |
128,344 |
|
|
|
1,350,607 |
|
|
|
213,522 |
|
| |
|
|
402,819 |
|
|
|
1,987,252 |
|
|
|
3,034,553 |
|
| Current liabilities |
|
|
— |
|
|
|
99,083 |
|
|
|
502,728 |
|
| |
|
|
— |
|
|
|
252,100 |
|
|
|
13,586 |
|
|
|
| |
|
For the year ended December 31, 2023 |
|
| Revenue |
|
₩ |
33,017 |
|
|
|
70,126 |
|
|
|
76,686 |
|
| Profit (loss) for the year |
|
|
16,330 |
|
|
|
87,462 |
|
|
|
(66,169 |
) |
| Other comprehensive income (loss) |
|
|
5,316 |
|
|
|
(56,660 |
) |
|
|
2,779 |
|
| Total comprehensive income (loss) |
|
|
21,646 |
|
|
|
30,802 |
|
|
|
(63,390 |
) |
| |
(*1) |
The financial information of SK China Company Ltd., SK South East Asia Investment Pte. Ltd. and Rebellions Inc. (Formerly, SAPEON Korea Inc.) are consolidated financial information.
|
| |
(*2) |
The financial information includes the goodwill held by Rebellions Inc. (formerly, SAPEON Korea Inc.), which was recognized as part of the identifiable net assets of the associate at the time the investment in the associate was made. |
| |
(4) |
There are no material joint ventures as of December 31, 2025, 2024 and 2023. |
| |
(5) |
Reconciliations of financial information of material associates to carrying amounts of investments in associates in the consolidated financial statements as of December 31, 2025 and 2024 are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
|
Net assets
attributable
to the
ownership
interests |
|
|
Cost-book
value
differentials |
|
|
|
|
| Korea IT Fund |
|
₩ |
584,972 |
|
|
|
63.3 |
|
|
|
370,482 |
|
|
|
— |
|
|
|
370,482 |
|
| SK China Company Ltd. |
|
|
3,461,533 |
|
|
|
27.3 |
|
|
|
944,111 |
|
|
|
101,792 |
|
|
|
1,045,903 |
|
| SK South East Asia Investment Pte. Ltd.(*1) |
|
|
1,843,880 |
|
|
|
20.0 |
|
|
|
368,776 |
|
|
|
— |
|
|
|
368,776 |
|
| Rebellions Inc. (Formerly, SAPEON Korea Inc.)(*2,3) |
|
|
(462,479 |
) |
|
|
18.2 |
|
|
|
(163,255 |
) |
|
|
350,721 |
|
|
|
187,466 |
|
| |
(*1) |
Net assets of the entity represent net assets excluding those attributable to the non-controlling interests. |
| |
(*2) |
Net assets of the entity exclude the goodwill held by Rebellions Inc. (formerly, SAPEON Korea Inc.) at the time the investment in the associate was recognized. |
| |
(*3) |
The ownership interest is based on the number of shares owned by the Parent Company divided by the total shares issued by the investee, and the effective ownership interest applied for the equity method is 35.3% as of December 31, 2025. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
|
Net assets
attributable
to the
ownership
interests |
|
|
Cost-book
value
differentials |
|
|
|
|
| Korea IT Fund |
|
₩ |
573,376 |
|
|
|
63.3 |
|
|
|
363,138 |
|
|
|
— |
|
|
|
363,138 |
|
| SK China Company Ltd. |
|
|
3,276,747 |
|
|
|
27.3 |
|
|
|
893,609 |
|
|
|
81,834 |
|
|
|
975,443 |
|
| SK South East Asia Investment Pte. Ltd.(*) |
|
|
1,957,860 |
|
|
|
20.0 |
|
|
|
391,572 |
|
|
|
— |
|
|
|
391,572 |
|
| |
(*) |
Net assets of the entity represent net assets excluding those attributable to the non-controlling interest. |
| |
(6) |
Changes in investments in associates and joint ventures accounted for using the equity method for the years ended December 31, 2025 and 2024 are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments in associates: |
|
|
|
|
| SK China Company Ltd. |
|
₩ |
975,443 |
|
|
|
— |
|
|
|
9,707 |
|
|
|
60,753 |
|
|
|
— |
|
|
|
1,045,903 |
|
| Korea IT Fund(*1) |
|
|
363,138 |
|
|
|
— |
|
|
|
13,519 |
|
|
|
2,681 |
|
|
|
(8,856 |
) |
|
|
370,482 |
|
| UniSK(*1) |
|
|
26,031 |
|
|
|
— |
|
|
|
215 |
|
|
|
450 |
|
|
|
(254 |
) |
|
|
26,442 |
|
| SK Technology Innovation Company |
|
|
34,516 |
|
|
|
(1,363 |
) |
|
|
1,242 |
|
|
|
(872 |
) |
|
|
— |
|
|
|
33,523 |
|
| SK MENA Investment B.V. |
|
|
17,273 |
|
|
|
(11,041 |
) |
|
|
401 |
|
|
|
(21 |
) |
|
|
— |
|
|
|
6,612 |
|
| SK Latin America Investment S.A. |
|
|
1,357 |
|
|
|
(1,676 |
) |
|
|
191 |
|
|
|
128 |
|
|
|
— |
|
|
|
— |
|
| SK South East Asia Investment Pte. Ltd. |
|
|
391,572 |
|
|
|
— |
|
|
|
(1,710 |
) |
|
|
(21,086 |
) |
|
|
— |
|
|
|
368,776 |
|
| Citadel Pacific Telecom Holdings, LLC(*1) |
|
|
51,780 |
|
|
|
— |
|
|
|
185 |
|
|
|
4,640 |
|
|
|
(1,438 |
) |
|
|
55,167 |
|
| SM Culture & Contents Co., Ltd. |
|
|
39,567 |
|
|
|
— |
|
|
|
(4,220 |
) |
|
|
(153 |
) |
|
|
(5,889 |
) |
|
|
29,305 |
|
| Nam Incheon Broadcasting Co., Ltd.(*1) |
|
|
15,635 |
|
|
|
(15,791 |
) |
|
|
293 |
|
|
|
— |
|
|
|
(137 |
) |
|
|
— |
|
| Home Choice Corp. |
|
|
3,238 |
|
|
|
— |
|
|
|
(465 |
) |
|
|
— |
|
|
|
— |
|
|
|
2,773 |
|
| Konan Technology Inc. |
|
|
3,575 |
|
|
|
3,535 |
|
|
|
(2,040 |
) |
|
|
— |
|
|
|
— |
|
|
|
5,070 |
|
| CMES Inc. |
|
|
4,772 |
|
|
|
3,374 |
|
|
|
(1,216 |
) |
|
|
69 |
|
|
|
— |
|
|
|
6,999 |
|
| SK telecom Japan Inc. |
|
|
3,703 |
|
|
|
— |
|
|
|
247 |
|
|
|
(321 |
) |
|
|
— |
|
|
|
3,629 |
|
| Rebellions Inc. (Formerly, SAPEON Korea Inc.) |
|
|
298,327 |
|
|
|
(33,620 |
) |
|
|
(77,610 |
) |
|
|
369 |
|
|
|
— |
|
|
|
187,466 |
|
| SK m&service Co., Ltd(*2) |
|
|
— |
|
|
|
— |
|
|
|
1,037 |
|
|
|
(52 |
) |
|
|
23,566 |
|
|
|
24,551 |
|
Start-up Win-Win Fund and others(*1,3,4) |
|
|
102,702 |
|
|
|
10,253 |
|
|
|
3,458 |
|
|
|
(622 |
) |
|
|
(50,130 |
) |
|
|
65,661 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,332,629 |
|
|
|
(46,329 |
) |
|
|
(56,766 |
) |
|
|
45,963 |
|
|
|
(43,138 |
) |
|
|
2,232,359 |
|
| Investments in joint ventures: |
|
|
|
|
UTC Kakao-SK Telecom ESG Fund |
|
|
9,198 |
|
|
|
(2,000 |
) |
|
|
(1,087 |
) |
|
|
— |
|
|
|
— |
|
|
|
6,111 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
₩ |
2,341,827 |
|
|
|
(48,329 |
) |
|
|
(57,853 |
) |
|
|
45,963 |
|
|
|
(43,138 |
) |
|
|
2,238,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(*1) |
Dividends received from the associates are deducted from the carrying amount for the year ended December 31, 2025. |
| |
(*2) |
The Group disposed of a portion of shares in SK m&service Co., Ltd., which was an indirect subsidiary of the Parent Company, for the year ended December 31, 2025, resulting in the reclassification of the remaining shares as an investment in associate as of December 31, 2025. |
| |
(*3) |
The Group exchanged its entire shares in id Quantique SA for shares in IonQ, Inc. and classified the investment in IonQ, Inc. as a financial asset at FVOCI for the year ended December 31, 2025. |
| |
(*4) |
The acquisition for the year ended December 31, 2025 includes ₩10,596 million of investments in Syntelligence AI Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments in associates: |
|
|
|
|
| SK China Company Ltd. |
|
₩ |
896,990 |
|
|
|
— |
|
|
|
8,913 |
|
|
|
69,540 |
|
|
|
— |
|
|
|
975,443 |
|
| Korea IT Fund(*1) |
|
|
336,404 |
|
|
|
— |
|
|
|
23,552 |
|
|
|
8,237 |
|
|
|
(5,055 |
) |
|
|
363,138 |
|
| UniSK |
|
|
22,285 |
|
|
|
— |
|
|
|
1,430 |
|
|
|
2,815 |
|
|
|
(499 |
) |
|
|
26,031 |
|
| SK Technology Innovation Company |
|
|
70,409 |
|
|
|
— |
|
|
|
4,269 |
|
|
|
8,078 |
|
|
|
(48,240 |
) |
|
|
34,516 |
|
| SK MENA Investment B.V. |
|
|
14,872 |
|
|
|
— |
|
|
|
329 |
|
|
|
2,072 |
|
|
|
— |
|
|
|
17,273 |
|
| SK Latin America Investment S.A. |
|
|
14,607 |
|
|
|
— |
|
|
|
(65 |
) |
|
|
1,268 |
|
|
|
(14,453 |
) |
|
|
1,357 |
|
| SK South East Asia Investment Pte. Ltd. |
|
|
355,282 |
|
|
|
— |
|
|
|
(9,403 |
) |
|
|
45,693 |
|
|
|
— |
|
|
|
391,572 |
|
| Citadel Pacific Telecom Holdings, LLC(*1) |
|
|
45,901 |
|
|
|
— |
|
|
|
619 |
|
|
|
6,699 |
|
|
|
(1,439 |
) |
|
|
51,780 |
|
| SM Culture & Contents Co., Ltd. |
|
|
41,578 |
|
|
|
(3 |
) |
|
|
(1,880 |
) |
|
|
(128 |
) |
|
|
— |
|
|
|
39,567 |
|
| Nam Incheon Broadcasting Co., Ltd.(*1) |
|
|
14,344 |
|
|
|
— |
|
|
|
1,427 |
|
|
|
— |
|
|
|
(136 |
) |
|
|
15,635 |
|
| Home Choice Corp. |
|
|
3,215 |
|
|
|
— |
|
|
|
23 |
|
|
|
— |
|
|
|
— |
|
|
|
3,238 |
|
| Konan Technology Inc. |
|
|
6,349 |
|
|
|
(16 |
) |
|
|
(2,861 |
) |
|
|
103 |
|
|
|
— |
|
|
|
3,575 |
|
| CMES Inc. |
|
|
900 |
|
|
|
(4,396 |
) |
|
|
(767 |
) |
|
|
51 |
|
|
|
8,984 |
|
|
|
4,772 |
|
| SK telecom Japan Inc. |
|
|
1,239 |
|
|
|
1,560 |
|
|
|
(983 |
) |
|
|
1,887 |
|
|
|
— |
|
|
|
3,703 |
|
| Rebellions Inc. (Formerly, SAPEON Korea Inc.)(*2) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
298,327 |
|
|
|
298,327 |
|
Start-up Win-Win Fund and others(*1,3,4) |
|
|
81,142 |
|
|
|
(2,953 |
) |
|
|
(1,686 |
) |
|
|
2,793 |
|
|
|
23,406 |
|
|
|
102,702 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,905,517 |
|
|
|
(5,808 |
) |
|
|
22,917 |
|
|
|
149,108 |
|
|
|
260,895 |
|
|
|
2,332,629 |
|
| Investments in joint ventures: |
|
|
|
|
UTC Kakao-SK Telecom ESG Fund |
|
|
9,495 |
|
|
|
— |
|
|
|
(297 |
) |
|
|
— |
|
|
|
— |
|
|
|
9,198 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
₩ |
1,915,012 |
|
|
|
(5,808 |
) |
|
|
22,620 |
|
|
|
149,108 |
|
|
|
260,895 |
|
|
|
2,341,827 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(*1) |
Dividends received from the associates are deducted from the carrying amount for the year ended December 31, 2024. |
| |
(*2) |
The Group lost control of SAPEON Korea Inc., which was a subsidiary of the Parent Company, for the year ended December 31, 2024, due to a decreased ownership resulting from the merger between SAPEON Korea Inc. and Rebellions Inc. As a result, the entity was reclassified as an investment in associate for the year ended December 31, 2024. |
| |
(*3) |
The acquisition for the year ended December 31, 2024 includes ₩5,878 million of investments in SK AMERICAS Inc. (formerly, SK USA Inc.), ₩180 million of investment in SK VENTURE CAPITAL, LLC., ₩273 million of investment in WALDEN SKT VENTURE FUND, ₩24 million of investment in F&U Credit information Co., Ltd. and ₩1,294 million of investment in AhnLab Blockchain |
| |
Company. The disposal for the year ended December 31, 2024 includes a portion of shares of SK AMERICAS Inc. (formerly, SK USA Inc.) for ₩167 million, a portion of Start-up Win-Win Fund for ₩200 million, and the entire shares of 12CM JAPAN and Daliworks Inc. for ₩7,296 million and ₩2,013 million, respectively. |
| |
(*4) |
The Group reclassified the entire shares of F&U Credit information Co., Ltd. as assets held for sale. (See note 39). |
| |
(7) |
The Group discontinued the application of equity method to the following investees due to their carrying amounts being reduced to zero. The details of cumulative unrecognized equity method losses as of December 31, 2025 are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrecognized change
in equity |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Invites Genomics Co., Ltd. |
|
₩ |
7,662 |
|
|
|
29,840 |
|
|
|
(726 |
) |
|
|
560 |
|
| |
|
|
— |
|
|
|
1,011 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
₩ |
7,662 |
|
|
|
30,851 |
|
|
|
(726 |
) |
|
|
560 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|