SK Square stock: Goldman Sachs weighs TMAP control deal

Goldman Sachs is discussing the purchase of a controlling stake in TMAP Mobility from SK Square, according to The Korea JoongAng Daily. The report was published on Friday, October 30, 2026, and said the parties were aiming to complete a transaction by the end of the year.

SK Square is TMAP Mobility's largest shareholder. Goldman Sachs is considering an investment of 700 billion to 800 billion Korean won for a 60 percent to 70 percent stake, while SK Square is weighing whether to retain part of its holding. The company has not announced final transaction terms.

Focus shifts toward AI and semiconductors

The potential sale is part of SK Square's broader portfolio restructuring, according to the report. The investment company has been divesting noncore assets while concentrating resources on artificial intelligence and semiconductors. It previously sold digital advertising firm Incross to SK Networks and app marketplace One Store to Nexters, as reported by The Korea JoongAng Daily.

TMAP Mobility operates navigation and mobility services in South Korea. SK Square's investor-relations materials describe its activities as including map data, usage-based insurance, mobility on demand, connected-car services and mobility-as-a-service offerings. A control transaction could give Goldman Sachs a larger role in the platform while leaving SK Square with an ongoing strategic interest if the reported retention plan proceeds.

Seoul trading remains volatile

SK Square shares traded at 897,000 Korean won on the Korea Exchange at the end of Friday's session, 5.88 percent below the previous session, according to Global Banking & Finance Review. The report compared the last traded price with the October 29 session close.

SK Square's portfolio position

SK Square is a Seoul-based investment company with a portfolio spanning semiconductor, e-commerce, security, mobility, app-market and streaming businesses in South Korea. Its disclosed portfolio includes SK hynix, 11st, SK shieldus, TMAP Mobility, ONE store and Content wavve. The portfolio gives investors exposure to technology and digital platforms, while the TMAP discussions illustrate the continuing shift toward capital allocation and asset monetization.

South Korean equities remain an important backdrop for investors following the latest technology-sector moves; see Current market reports.

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