SK Planet
Investments
13Portfolio Exits
4Partners & Customers
10About 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.
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Latest SK Planet News
Sep 18, 2023
Seoul, KOREA, REPUBLIC OF Seoul, South Korea, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Wemade and SK Planet agreed on a strategic partnership for expanding the blockchain and platform market ecosystems. A partnership between Wemade’s blockchain business WEMIX and SK Planet’s OK Cashbag business To make mutual minority share purchases by creating a close relationship Wemade chairman Gwanho Park to buy WEMIX coins with the proceeds from the stock sale for the WEMIX ecosystem growth To accelerate closer business partnerships, the two companies are investing in each other’s shares. Wemade and its subsidiary ChuanQi IP are acquiring 7.08% and 5.31% of SK Planet’s shares for 20 billion KRW and 15 billion KRW, respectively. SK Planet is buying 20 billion KRW’s worth of Wemade’s convertible bond, and about 15 billion KRW of stocks owned by Gwanho Park, chairman of Wemade, thus holding around 1.27% of Wemade’s shares. Chairman Park will buy WEMIX coins with the proceeds from the stock sale, a decision made for the growth and vitalization of the WEMIX ecosystem. Both companies plan to find various ways for collaborative marketing and promotions, and expand into the blockchain field with OK Cashbag NFT membership. “I expect this partnership will bring innovation to our platform ecosystem and enable us to offer new experiences and values to our customers,” said Hansang Lee, CEO of SK Planet. “We are committed to make synergistic effects and fruitful outcomes with Wemade.” “The partnership with SK Planet, a long-standing company with a marketing platform like OK Cashbag, will create a tremendous synergy for both parties. The growth of Wemade and SK Planet in the Korean market will be accelerated, especially with our transparent society platform, Wepublic,” said Henry Chang, CEO of Wemade. Wemade will continue to actively seek partnerships with Korean and global companies. About WEMADE A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit www.wemix.com/communication for more information.
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.
SK Planet Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/3/2021 | Corporate Minority | Bertis | Yes | SK Planet, and SK Telecom | 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 | |||||
1/1/2015 | Corporate Minority - II |
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 | ||
Amount | $0.6M | $50M | |||
New? | Yes | Yes | No | ||
Co-Investors | SK Planet, and SK Telecom | ||||
Sources | 1 | 2 | 2 |
SK Planet Portfolio Exits
4 Portfolio Exits
SK Planet has 4 portfolio exits. Their latest portfolio exit was Tapas on May 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 |
|---|---|---|---|---|---|
5/16/2021 | Acquired | 12 | |||
Date | 5/16/2021 | |||
|---|---|---|---|---|
Exit | Acquired | |||
Companies | ||||
Valuation | ||||
Acquirer | ||||
Sources | 12 |
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 | $3.52M | Acquired | 2 |
Date | 12/15/2016 |
|---|---|
Investment Stage | Series B |
Companies | |
Valuation | |
Total Funding | $3.52M |
Note | Acquired |
Sources | 2 |
SK Planet Partners & Customers
10 Partners and customers
SK Planet has 10 strategic partners and customers. SK Planet recently partnered with Avalanche on April 4, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
4/7/2023 | Client | Why AVAX could dampen investor hopes despite Avalanche’s endeavors Avalanche 's partnership with SK Planet is among the first examples of enterprise blockahin taking shape . | 1 | ||
4/5/2023 | Partner | United States | Blockchain builder Ava Labs partners with Korea’s SK Planet to expand Asia footprint `` We see this new partnership between Ava Labs , the Avalanche , and SK Planet as an incredible opportunity to not only meet South Korea 's enormous appetite for Web3 experiences but expand what 's possible in 21st-century e-commerce . '' | 2 | |
12/16/2021 | Partner | India | InMobi and SK Planet Partner to Help Brands Future-proof their Mobile Marketing in South Korea. Through this partnership , brands can target pristine , always-on SK Planet audiences programmatically on InMobi via their preferred DSP platform , '' shared Rishi Bedi , VP and GM , Southeast Asia , Japan and Korea at InMobi . | 1 | |
11/25/2020 | Partner | ||||
9/22/2020 | Partner |
Date | 4/7/2023 | 4/5/2023 | 12/16/2021 | 11/25/2020 | 9/22/2020 |
|---|---|---|---|---|---|
Type | Client | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | United States | India | |||
News Snippet | Why AVAX could dampen investor hopes despite Avalanche’s endeavors Avalanche 's partnership with SK Planet is among the first examples of enterprise blockahin taking shape . | Blockchain builder Ava Labs partners with Korea’s SK Planet to expand Asia footprint `` We see this new partnership between Ava Labs , the Avalanche , and SK Planet as an incredible opportunity to not only meet South Korea 's enormous appetite for Web3 experiences but expand what 's possible in 21st-century e-commerce . '' | InMobi and SK Planet Partner to Help Brands Future-proof their Mobile Marketing in South Korea. Through this partnership , brands can target pristine , always-on SK Planet audiences programmatically on InMobi via their preferred DSP platform , '' shared Rishi Bedi , VP and GM , Southeast Asia , Japan and Korea at InMobi . | ||
Sources | 1 | 2 | 1 |
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 | |
Name | Jinwoo So | |||
|---|---|---|---|---|
Work History | ||||
Title | Chief Executive Officer, President | |||
Status | Current |
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