SK Square Co., the investment arm of South Korea’s SK Group, reported first-quarter operating profit of ₩1.65 trillion ($1.18 billion), alongside ₩402.8 billion ($288 million) in sales and ₩1.61 trillion ($1.15 billion) in net profit.
The technology investment firm, which holds a significant 20% stake in SK Hynix Inc., benefited from the chipmaker’s strong performance amid surging AI-related memory demand. SK Hynix recently posted its second-highest quarterly results with ₩17.64 trillion in revenue and ₩7.44 trillion in operating profit for the same period.
Analysts attribute SK Square’s robust earnings to its strategic positioning in the semiconductor sector. The company has been ramping up investments in chip-related ventures through TGC Square, a ₩100 billion joint venture established with SK Hynix, Shinhan Financial Group, and defense company LIG Nex1.
Under CEO Han Myung-jin, who took the helm last year, SK Square has emphasized reshaping its portfolio to focus more heavily on semiconductor investments. The firm maintains approximately ₩1 trillion in cash and equivalents for future strategic acquisitions.
While semiconductors drive current profits, SK Square continues diversifying with investments across blockchain, metaverse, and agricultural technology sectors, positioning itself for multiple growth avenues in Korea’s expanding technology ecosystem.
