SK Square invests in Mujin: DB raises target for SK Square stock to KRW 1.50 million

Published on 10/13/2026 at 09:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SK Square joined Mujin's Series D above KRW 300 billion. DB set a KRW 1.50 million target for SK Square stock after a KRW 50,000 increase.

SK Square invested in Japanese physical AI company Mujin through its Series D round on October 12, 2026.
The Mujin funding round exceeded KRW 300 billion, supporting SK Square's semiconductor and robotics strategy.
DB Financial Investment raised its SK Square target from KRW 1.45 million to KRW 1.50 million on October 7, 2026.
Second-quarter 2026 revenue was KRW 328.55 billion, down 19.20 percent year over year, while operating profit reached KRW 19.20 trillion.

SK Square, KR7402340004, Illustration mit AI erstellt.

SK Square invested in Japanese physical artificial intelligence company Mujin through its Series D round on October 12, 2026, while DB Financial Investment raised its target for SK Square from KRW 1.45 million to KRW 1.50 million on October 7, 2026. The Mujin round exceeded KRW 300 billion, and the target change kept shareholder returns and SK hynix exposure at the center of the investment case. KED Global reported the Mujin investment, while Asia Business Daily detailed the DB Financial Investment revision.

Three dates show the shift

On August 14, 2026, SK Square published its second-quarter portfolio update. The quarter produced KRW 328.55 billion in revenue, down 19.20 percent year over year, and KRW 19.20 trillion in operating profit, according to ATS View.

On October 7, 2026, DB Financial Investment lifted its target from KRW 1.45 million to KRW 1.50 million and kept a Buy rating, according to Asia Business Daily. On October 12, 2026, SK Square invested through its overseas investment subsidiary TGC Square in Mujin's Series D round, which raised more than KRW 300 billion, The Chosun Daily reported.

What does the Mujin deal mean?

Mujin adds a physical artificial intelligence angle to SK Square's existing semiconductor investment portfolio. The company develops robotics technology, and the round gives SK Square another route into automation linked to chip manufacturing and logistics. The disclosed funding total was above KRW 300 billion, but SK Square's individual investment was not disclosed.

The counterweight is concentration. SK hynix accounted for about 98 percent of SK Square's net asset value in the October 13 coverage from iNews24. That report also put the NAV discount at 35 to 45 percent during 2026 and cited a KRW 1.7825 million consensus target, illustrating how heavily the holding company's valuation depends on SK hynix and shareholder distributions.

Upcoming reporting dates

Investing.com lists November 12, 2026 as SK Square's next earnings date. ETF Shopping lists November 13, 2026 as an expected reporting date, giving investors two closely aligned calendar markers for the next update.

SK Square's valuation remains concentrated

SK Square combines a new physical AI investment with a portfolio whose earnings sensitivity remains tied to SK hynix. The next report will show whether the KRW 328.55 billion second-quarter revenue base and KRW 19.20 trillion operating profit can support the higher valuation expectations embedded in the KRW 1.50 million target.