At the 2024 Sohn San Francisco Conference, James Smith, Founder and Chief Investment Officer of Palliser Capital, delivered an insightful presentation on SK Square Co Ltd (KRX:402340), a Korean-based tech investment holding company. With a market capitalization of $8.3 billion, SK Square offers a unique investment opportunity, and Palliser Capital has solidified its stake by holding over $100 million in shares, making it one of the company's top 10 shareholders.
Smith emphasized several key reasons why SK Square stands out as a compelling investment, despite some challenges posed by the Korean market, particularly the persistent "Korean discount" that has long affected valuations in the region. However, he argued that recent reforms, strong leadership, and the company's promising financial...
