DB Financial Investment raises target for SK Square stock to KRW 1.50 million

Published on 10/12/2026 at 09:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SK Square reported KRW 328.55 billion revenue in Q2 2026, down 19.20 percent year over year. For SK Square stock, Q2 operating profit reached KRW 19.70 trillion.

Key points in brief

DB Financial Investment raised its SK Square target from KRW 1.45 million to KRW 1.50 million on October 7, 2026.
The second-quarter 2026 revenue was KRW 328.55 billion, down 19.20 percent year over year.
Second-quarter 2026 operating profit was KRW 19.70 trillion and net income was KRW 18.67 trillion.
SK Square had a market capitalization of KRW 129.7 trillion on October 12, 2026.
The next projected reporting date is November 13, 2026.

SK Square, KR7402340004, Illustration mit AI erstellt.

DB Financial Investment raised its target for SK Square stock from KRW 1.45 million to KRW 1.50 million on October 7, 2026, while keeping its Buy rating. Asiae reported that the change reflected a higher valuation for SK hynix and SK Square's shareholder-return policy.

Three milestones shape the case

On May 14, 2026, SK Square reported KRW 300.35 billion in first-quarter revenue and KRW 8.38 trillion in net income, according to ATS View. On August 14, 2026, second-quarter revenue reached KRW 328.55 billion, down 19.20 percent year over year, while operating profit reached KRW 19.70 trillion and net income KRW 18.67 trillion. On October 7, 2026, DB Financial Investment lifted its target to KRW 1.50 million.

The latest operating result is unusually large relative to revenue because SK Square records major investment-related gains from its portfolio. That makes the value of SK hynix and the design of shareholder returns central to the stock narrative.

What does the target increase mean?

DB Financial Investment estimated SK Square's net asset value at KRW 278 trillion, including KRW 274 trillion for its SK hynix holding, Asiae reported. The same report said SK Square's 2026 shareholder-return plan totals KRW 310 billion, including KRW 204.3 billion in dividends and KRW 110 billion in share repurchases and cancellations.

The comparison investors need is between operating momentum and valuation sensitivity. Revenue fell 19.20 percent year over year in the second quarter, yet net income reached KRW 18.67 trillion, showing how strongly portfolio values can influence the consolidated result.

Reporting date comes next

SK Square's investor-relations page lists its Q2 2026 Portfolio Update on August 14, 2026, the latest named update on the company calendar, SK Square states. A financial calendar page projects the next reporting date for November 13, 2026, ETF Shopping reports.

SK Square had a market capitalization of KRW 129.7 trillion on October 12, 2026. Its 52-week range was KRW 229,500 to KRW 2.19 million on the same dated quote snapshot, placing shareholder returns and SK hynix exposure at the center of valuation discussions.