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SK Planet company logo
Corporation
COMPUTER HARDWARE & SERVICES | IT Services / IT Solutions & Software Development
skplanet.com

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Investments

13

Portfolio Exits

4

Partners & Customers

9

About SK Planet

SK Planet is a service platform provider that provides services in business areas including advertising, channel sales, e-commerce, social networking, content delivery, LBS, loyalty programs, marketing infrastructure, market intelligence, new media, R&D and sales promotions.

SK Planet Headquarter Location

264, Pangyo-ro, Bundang-gu

Seongnam, 13487,

South Korea

+82-2-6119-0114

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SK Planet Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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SK Planet Rank

Latest SK Planet News

South Korea Gift Card and Incentive Card Market Report 2021 Featuring Lotte, Shinsegae, Hyundai Department Store, GS Holdings, SK Planet , BGF Retail & Costco

Oct 19, 2021

News provided by Share this article Share this article Historically, the gift card market in South Korea has recorded a steady growth with a CAGR of 12.3% during 2016-2020. According to the Q2 2021 Global Gift Card Survey, gift card industry in the country is expected to grow by 11.7% on annual basis to reach US$ 5379.3 million in 2021. Gift card market in 2020 was driven a wide range of factors, which supported growth across retail and corporate segments. The primary factors included growth of ecommerce, increased adoption to incentivize employees working remotely, digital gifting, and initiatives undertaken by government, hospitality, and travel industries to revive growth. Though the gift card market was impacted due to COVID-19, the market is expected to bounce back in the coming quarters, especially in H1 2021. Gift card industry in South Korea has done well to withstand the impact of economic slowdown along with negative business and consumer sentiment due to disruption caused by Covid-19 outbreak. Despite near-term challenges in 2021, medium to long term growth story of gift cards in South Korea remains strong. The gift card industry in South Korea is expected to grow steadily in H1 2021 and record a strong growth in H2 2021. The growth momentum is expected to continue to grow over the forecast period, recording a CAGR of 8.8% during 2021-2025. The gift card market in the country will increase from US$ 4814.4 million in 2020 to reach US$ 7548.7 million by 2025. Reasons to Buy In-depth understanding of gift card and incentive card market dynamics: Understand market opportunity, key trends and drivers along with five-year forecast (2016-2025) for gift cards and incentive cards in South Korea. Develop market specific strategies: Identify growth segments and target specific opportunities across consumer segments and occasions to formulate your gift cards strategy; assess market specific key trends and risks. Get insights into consumer attitude and behaviour in South Korea: Understand changing consumer attitude and behaviour and boost ROI. Get detailed insights into retail spend through gift cards for both retail and corporate consumers. Get complete perspective through six essential KPIs: number of cards in circulation, load value, unused value, average purchase value, average value per transaction, and value of transactions. Distribution channel insights: Understand gift cards sales dynamics by channels - online vs offline and by 1st party vs 3rd party sales. Scope Lotte Group GS Holdings Corp

SK Planet Investments

13 Investments

SK Planet has made 13 investments. Their latest investment was in Bertis as part of their Corporate Minority on June 6, 2021.

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SK Planet Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/3/2021

Corporate Minority

Bertis

Yes

1

4/7/2016

Series A

TENQUBE

$0.6M

Yes

2

2/1/2016

Unattributed - II

Elevenia

$50M

No

2

1/27/2016

Series A

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$99M

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10

1/1/2015

Corporate Minority - II

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10

Date

6/3/2021

4/7/2016

2/1/2016

1/27/2016

1/1/2015

Round

Corporate Minority

Series A

Unattributed - II

Series A

Corporate Minority - II

Company

Bertis

TENQUBE

Elevenia

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Amount

$0.6M

$50M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

2

2

10

10

SK Planet Portfolio Exits

4 Portfolio Exits

SK Planet has 4 portfolio exits. Their latest portfolio exit was Tapas on April 16, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/16/2021

Acquired

$99M

11

9/10/2018

Divestiture

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10

12/23/2014

Reverse Merger

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10

9/2/2013

Acquired

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$99M

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10

Date

4/16/2021

9/10/2018

12/23/2014

9/2/2013

Exit

Acquired

Divestiture

Reverse Merger

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

11

10

10

10

SK Planet Acquisitions

1 Acquisition

SK Planet acquired 1 company. Their latest acquisition was Hello Nature on December 15, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/15/2016

Series B

$99M

$3.52M

Acquired

2

Date

12/15/2016

Investment Stage

Series B

Companies

Valuation

$99M

Total Funding

$3.52M

Note

Acquired

Sources

2

SK Planet Partners & Customers

9 Partners and customers

SK Planet has 9 strategic partners and customers. SK Planet recently partnered with Hankook Tire on September 9, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

9/22/2020

Partner

Hankook Tire

South Korea

Hankook Tire collaborates with SK Planet to develop Road Risk Detection Solution.

Sooil Lee , President and COO of Hankook Tire , said , `` Safety is Hankook Tire 's top priority , thus our partnership with SK Planet to build a solution that contributes to safe driving is at the core of our corporate purpose .

2

9/22/2020

Partner

Hankook Tire

South Korea

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10

9/21/2018

Partner

ICON Foundation

South Korea

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10

11/5/2015

Vendor

Krux Digital

United States

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10

7/22/2015

Partner

IndoorAtlas

Finland

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10

Date

9/22/2020

9/22/2020

9/21/2018

11/5/2015

7/22/2015

Type

Partner

Partner

Partner

Vendor

Partner

Business Partner

Hankook Tire

Hankook Tire

ICON Foundation

Krux Digital

IndoorAtlas

Country

South Korea

South Korea

South Korea

United States

Finland

News Snippet

Hankook Tire collaborates with SK Planet to develop Road Risk Detection Solution.

Sooil Lee , President and COO of Hankook Tire , said , `` Safety is Hankook Tire 's top priority , thus our partnership with SK Planet to build a solution that contributes to safe driving is at the core of our corporate purpose .

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Sources

2

10

10

10

10

SK Planet Team

4 Team Members

SK Planet has 4 team members, including current Chief Executive Officer, President, Jinwoo So.

Name

Work History

Title

Status

Jinwoo So

Chief Executive Officer, President

Current

Kihyun Jung

Chief Operating Officer

Current

Yunho Jeon

Chief Technology Officer

Current

Nakkyun Chong

Executive Vice President

Former

Name

Jinwoo So

Kihyun Jung

Yunho Jeon

Nakkyun Chong

Work History

Title

Chief Executive Officer, President

Chief Operating Officer

Chief Technology Officer

Executive Vice President

Status

Current

Current

Current

Former

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