SK’s ‘Square’ spin-off targets semiconductor M&A

SK Telecom has named its planned spin-off company SK Square and provided some additional detail on the new venture, chief among which is its intention to invest heavily in the semiconductor space.
The South Korean telco announced plans to separate out its semiconductor and new ICT – in areas such as media, security and commerce – businesses in April, at the time referring to the new entity as ‘ICT Investment Company.’
It has now moved on from this working title and reveal