SK Planet is said to be leaving Elevenia, selling its shares to the Salim Group

According to information obtained from South Korean media Press, SK Planet is currently in the process of repositioning its overseas businesses, starting with the sale of all of its shares in Elevenia to Salim Group. The Salim Group itself, in a separate business, is developing a marketplace service with Lotte Group.

Elevenia is j 50-50 SK Planet and XL Axiata, with a total injection of funds up to now reaching almost 2 trillion Rupiah. Although Elevenia is considered successful in terms of transaction volume, because it is claimed to be in the top three positions, these results cannot be translated as income for the company.

Indonesia is known as exit SK Planet's first in Southeast Asia. After Elevenia, SK Planet is said to be selling its business in Malaysia, Thailand and Turkey.

The release of SK Planet from Elevenia is a major blow to XL Axiata who has also given "yellow sign" for digital business. It is stated that SK Planet itself in its home country is in the process of selling its shares to Lotte Group. It is possible that later iLotte, which has just entered the beta stage, and Elevenia become a joint entity if both are truly controlled by the Salim Group and Lotte Group.