SK D&D was founded in 2004 and celebrates its 20th anniversary this year. Throughout these years, despite facing various challenges in the corporate environment, we pride ourselves on consistently anticipating and capitalizing on these changes, thereby achieving stable growth.

SK D&D has achieved significant growth in just 20 short years, starting from real estate agency services to secure initial operating costs, expanding into furniture business, office development, and other real estate ventures, establishing ourselves as a pioneering developer. Leveraging our core competency in development expertise, we diversified into sectors such as solar, wind, and fuel cell power generation, and energy storage systems (ESS), enabling us to independently operate in the renewable energy sector. Building on these achievements, in the second half of 2023, we decided to spin off our real estate and energy businesses to accelerate shareholder value enhancement and foster independent growth of diversified ventures. Completing the spin-off in March 2024, the newly established entity, SK Eternix, embarked on a promising new journey, recognized for its growth potential and strong corporation valuation in the market.

Following the spin-off, SK D&D, the surviving company, plans to strengthen its foundation as a real estate developer with a lighter structure. We aim to diversify our revenue streams and enhance its stability by expanding revenue from development-centric businesses into investment management, operations, and IT platforms and extending the holding and operational periods of our assets. Investment management will be expanded through our subsidiary, D&D Investment (DDI), to increase assets under management (AUM) in REITs, thereby enhancing acquisition, operation, and disposition fees, while simultaneously expanding operational earnings through our other subsidiary, D&D Property Solution (DDPS), via entrusted leasing, master leases, and consulting services.

Furthermore, as our operational activities expand, the need for IT solutions to enhance operational efficiency is increasing. Therefore, we aim to internalize IT solution development to elevate our operational efficiency and generate solution revenue through sales to external operators. Additionally, we established Connectfy Cloud with a leading domestic platform company, ‘Yanolja’, in 2023 and are preparing to launch our first service this year to create a residential platform business as another opportunity for value creation, connecting convenience service providers to residents living in operational asset.

If our traditional real estate development sector and ongoing business models align successfully, we are confident that not only will the stability of our earnings increase significantly, but we will also achieve a sustainable foundation for growth.

SK D&D is also advancing continuous improvement in ESG aspects while evolving its business models for sustainability.

SK D&D declared a Net Zero commitment and roadmap to minimize greenhouse gas emissions in 2022 and implemented RE100 for both the headquarters and subsidiaries in 2023. Moreover, with increasing demand for environmental and social excellence among consumers in the space industry, we strive to develop and supply products enhanced with ESG factors, thereby creating economic and social value and addressing environmental and social issues throughout the space development lifecycle.

Since 2023, SK D&D has implemented a human rights management system to ensure that all members are respected and can experience fulfillment and growth through their work. We also are advancing ABCD (A Better Company D&D) activities to enhance corporate culture through communication with our members. Besides, we support subcontractors in various ways to ensure safety at SK D&D project sites that we commission and engage actively in social contribution initiatives for community cooperation.

To strengthen transparent governance, SK D&D continuously optimizes and operates a board-centered management system, earning recognition as the best governance company by the Korea Institute of Corporate Governance and Sustainability (KCGS) in 2023 for our commitment to responsible corporate practices.

In the future, real estate will emphasize its sharing and experience-oriented use values. Among these, a narrative of integrating diverse human and social values and cultures into the space will be crucial. Despite challenging business environments, SK D&D will courageously create the values of a new city where happiness and prosperity coexist, and sincerely pursue the happiness of the company, society, customers, shareholders, and employees. We earnestly ask for your continued interest and support in SK D&D’s meaningful journey.