[Alpha Biz= Reporter Kim Minyoung] According to industry sources, Kim Taewan, CSO of SK Square, recently resigned.
According to industry reports, the IPO strategy team of SK Square has been dispersed to other teams following the resignation of CSO Kim Taewan.
SK Square attracted 500 billion won from financial investors in 2018 and planned to recover investment funds through the IPO of 11th Street by September 2023.
However, due to deteriorating profitability, the listing of 11th Street failed.
Subsequently, SK Square gave up the call option to repurchase financial investor shares, and 11th Street is undergoing a forced sale process led by the financial investor consortium Nile Holdings.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
