11th Street is Korea’s traditional e-commerce powerhouse
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(1)11th Street Korea’s representative open market shopping mall – started at SK Planet in 2008
(2)Major e-commerce companies’ sales in 2022
(3)Coupang is 26.3 trillion won
(4)a hundred million won
At that time, we were curiously invested 500 billion won to become Amazon in Korea in 2018
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(1)Attracts 500 Billion Investment on 11th Street in 2018
(2)- Dreaming of Korea’s Amazon in 2018 to attract 500 billion won in investment
(3)- National Pension Service Saemaul Geumgo HQ Korea, private equity fund management company, etc
(4)Investment of approximately 500 Billion Won in 1818 Equity
(5)11th Street at 27 trillion won
(6)The national pension fund is 350 billion HQ funds, 100 billion Saemaul Geumgo is 50 billion
Coupang babies don’t even seem to have a knack for it, but we’re too cheap for our skills
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(1)In 2015, Coupang received a rating of 5 trillion won
(2)- Isn’t 25 trillion won worth of 11th Street in 2018 cheap
(3)Expectations that it could be comparable to Coupang at the time
(4)- Amazon in Korea
You can go public by September 30, 2023
If you fail, save your investment at Sk Square, where you own 80 shares
The shares we invested in again, you guys buy it
It’s the same as a charter
I’ll put in 500 billion won. Give it back in two years
If you don’t give me a deposit, I’ll eat your house
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(1)500 billion won investment terms
(2)- TO FINISH IPO BY SEPTEMBER 30, 2023
(3)- If the initial public offering fails by then, investors will forcefully sell their stake in SK
(4)Possible provisions Drag Allong Insert Drag Allong
(5)- Instead, SK holds call option to buy back its stake
(6)- Conversely, if you don’t buy it back, you’ll even sell your stake in SK
(7)- The annual interest rate is 35 and lent for five years
The result is a mess lol
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(1)11th Street Operating Profit Trend
(2)a hundred million won
(3)2018! 2019! 2020! 2021! 2022
(4)More and more losses
(5)Coupang Naver’s two-way battle
(6)- Small and Medium Open Market Dark Ages
I think we’re on 11th Street. Let’s sell it
Q10 run by the first-generation e-commerce powerhouse Koo Young-bae negotiated the sale first and then stopped the negotiations
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(1)If it doesn’t go public, we have to sell it
(2)- Selling Negotiations With Singapore Firm Q10 Set Up By Gmarket Founder
(3)- Rumor that 1 trillion won was mentioned
(4)- If it’s 1 trillion won, I’ll give 500 billion won back to investors, and then I’ll take this out
(5)- There is nothing left over
(6)- With no more than 10 years of sales activity left
(7)→ In the end, acquisition negotiations broke down
Investor, it looks like you’re in trouble. We can’t even go public, so give us back our investment
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(1)Neither the listing nor the sale has been successful, so what’s left is
(2)SK Square’s Call Options Exercise
(3)- buying back shares of investors
(4)- 11th Street should be valued at 27 trillion won and about 18 should be bought back at 550 billion won
(5)I don’t think it’s even sold for 1 trillion won
(6)- Should I buy it by exercising the call option
The call and lag clause has been practically a market practice
It’s like returning the money on a deposit basis
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(1)In fact, call options and forced sale provisions call and drag are market practices
(2)- In the meantime, the call and drag clause is recognized as a promise to buy back implicitly
(3)- Why did they give a call option to Sksquare? They just have put options
(4)- Since 2012, private equity put options have been banned, and instead a call-and-drag-like structure has been established
(5)- A put option is a debt to a company, but a call option to a company is not even a debt
(6)- In case you don’t buy it back, you can sell your stake
If you don’t exercise the call option
If you compare it to a charter, it’s a situation where you can’t rent a charter. Then you should have a house
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(1)What happens if I don’t buy it for you
(2)- a breakdown in investor confidence
(3)- the possibility of being perceived as not keeping a promise
(4)- Investors can force the sale of SK shares to recoup their investments
(5)- Investors’ shares are about 20 SK shares are about 80
(6)- So you don’t want to give up 80
(7)- They’ll buy it for us
(8)- I’m a national pensioner
SK Square, yes, you take it. You shouldn’t have done it without a new company
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(1)I thought SK Square would exercise call options as is customary – give up shock
(2)SK Square 11th Street Call Options Decided To Give Up
(3)SK Square call option exercise could be breach of trust for SK Square shareholders
(4)I gave up the call option because I judged that
(5)- It was not possible to evaluate the market price at 2.7 trillion won
Investor, look at your conscience
It’s the same situation as renting a house on a deposit basis and taking a ㅌㅌ
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(1)angry investors
(2)The national pension fund is 350 billion HQ funds, 100 billion Saemaul Geumgo is 50 billion
(3)- In other words, SK, which has a stake of about 80, has virtually given up its management rights
(4)The failure to exercise call options, which has been a market practice, may be seen only as a gesture towards investors
(5)The call option of a company is a choice of a company, but it puts an end to the loose practice that was supposed to be sold as a put option
How much did SK Square determine the appropriate price for 11th Street
As if they thought the house was cheaper than the rent
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(1)How Much Have You Gone Your Call Option? How Much Have You Judging 11th Street’s Price
(2)- If investors sell for less than 550 billion won, SK’s stake could be worth zero
(3)- It’s all up to investors to decide how much SK will lose
(4)- If that’s the case, we’ll exercise the call option of 550 billion won
(5)Maybe it’s better to sell 11th Street more than that
(6)- You didn’t have the confidence to sell 11th Street for that value
I don’t know SK Square. Those who have 20% of the stake do it on their own. I’m going to slap my hands
80 of my shares. Whatever you want
If you dispose of everything and leave it, give it to me
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(1)In a nutshell, we give up management control of 11th Street
(2)- He has a stake of 80 percent
(3)- I think it’s better to give up than put in 550 billion won
(4)- Moreover, the 11th Street employees and executives are all SK employees
11th Street actually lost its hands by changing the name of SK PAY to 11 PAY lol