SK Networks expands stake in Upstage to 12.9% with 50 billion won investment
SK Networks participated in Upstage's Series C round, acquiring 103,054 shares (approx. 50 billion won) to increase its stake to 12.9%
The acquisition amount represents 2.4% of equity (2.05 trillion won) and was executed in cash
Upstage reported total assets of 93.5 billion won and a net loss of 36.3 billion won as of end-2024, but the investment aims to strengthen AI capabilities
KOSPI Filing Information
Filing: [Correction of Description] Decision on Acquisition of Stocks and Investment Securities in Other Corporations (Voluntary Disclosure)