EQT’s $400M South Korea AI HR Play Drives 270M Trading Volume Ranking 377th on August 11 2025

On August 11, 2025, EQT Energy (EQT) rose 1.03% with a trading volume of $270 million, ranking 377th in market activity. The stock’s movement appears linked to EQT’s strategic acquisition of a controlling stake in Remember & Company, a South Korean AI-driven HR technology platform. The transaction, valued at approximately $400 million, involves acquiring a majority interest from Ark & Partners, which had previously invested in the company in 2021. EQT’s BPEA Private Equity Fund VIII is nearing full deployment, with this deal expected to close in Q3 2025 after regulatory approvals.

Remember’s evolution from a business card app to a comprehensive HR platform underscores EQT’s focus on high-growth sectors. The platform’s 500 million name card database and 5 million users position it as a potential alternative to LinkedIn in South Korea. EQT’s prior investments in global HR tech firms, including Beamery and PageUp, highlight its long-term strategy to leverage AI and data analytics in workforce solutions. The deal aligns with favorable macroeconomic trends in South Korea, such as rising demand for experienced professionals and advancements in recruitment technologies.

Financial metrics for Remember show mixed performance: 2024 revenue nearly doubled to 68.4 billion won, but operating losses widened. However, the company reported monthly operating turnarounds since October 2024 and is projected to achieve 8 billion won in EBITDA this year. EQT’s acquisition of a 47% stake from Ark & Partners marks the latter’s exit three years after its initial investment. Additional discussions with shareholders like Line Plus and Saramin HR may further increase EQT’s ownership.

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