SEOUL, Jul. 20 (Korea Bizwire) — SK Group will take steps to boost domestic consumption, including encouraging its employees to take long vacations and facilitate growth of subcontractors, corporate sources said Thursday. CEOs of the group’s key subsidiaries met in Seoul on Tuesday where they discussed enhancing work effectiveness and contributing to spurring local demand, [...]
SEOUL, Jul. 9 (Korea Bizwire) — SK Group Chairman Chey Tae-won recently met with government officials in China to discuss possible investments in a variety of business sectors, the company said Sunday. On Friday, SK Chairman Chey had meetings with officials from the Tianjin City to share views on petrochemicals, semiconductors, environment-friendly energy and bio [...]
SEOUL, June 23 (Korea Bizwire) – SK Group Chairman Chey Tae-won said Friday its semiconductor arm’s move to join the acquisition of Toshiba Corp.’s chip business is “not finished,” hinting there are still challenges moving forward. The remark came as a global consortium including South Korea’s SK hyinx Inc. was tapped as the preferred bidder [...]
SEOUL, Jun. 20 (Korea Bizwire) — The head of SK Group, South Korea’s third-largest conglomerate, stressed on Monday a need for his firm to play a bigger role in “sharing the profit” with smaller companies, in an apparent move to be in step with the new government’s policy drive. “SK should feel deeply responsible for, [...]
SEOUL, June 7 (Korea Bizwire) – South Korean conglomerate SK Group held its 2017 SK Global Forum in New Jersey, America last Saturday in search of global human resources, as part of its preparation for a foray into the global market, the company said yesterday. Members of SK Group’s senior management team including SK Energy [...]
SEOUL, May 16 (Korea Bizwire) — SK Group has appointed Jerry Wu, a former financial expert in investment banking, as the new CEO of SK China as part of a major shake-up to revamp its business strategy amid Chinese economic sanctions and anti-South Korean sentiment over the deployment of a THAAD missile defense system, the [...]
SEOUL, April 24 (Korea Bizwire) – SK Group Chairman Chey Tae-won headed for Japan on Monday, a visit seen to help the group’s efforts to take over the memory division of Japanese tech giant Toshiba Corp., industry sources said. Chey is widely expected to meet executives of Toshiba to discuss SK hynix Inc.’s intention to [...]
SEOUL, April 21 (Korea Bizwire) – SK Group Chairman Chey Tae-won again expressed his commitment to acquire Toshiba’s NAND flash memory unit, a bid that will further bolster the global presence of SK’s memory affiliate, SK Hynix. “There are a number of ways that we can cooperate with Toshiba, through actions that will benefit SK [...]
SEOUL, March 11 (Korea Bizwire) – Chey Tae-won, chairman of SK Group, was spotted in the parking lot of SK Group’s headquarters riding a Socar vehicle. According to SK Group, Chey appeared in the parking lot of the headquarters building with Socar officials. After riding a Kia Ray for 10 minutes, attracting some attention, he [...]
SEOUL, Jan. 14 (Korea Bizwire) – South Korea’s No. 2 chipmaker SK hynix Inc. said Thursday it will spend 6 trillion won (US$4.9 billion) this year, similar to last year’s capital spending, to overcome rising challenges from rivals. The chipmaker is faced with global challenges, including falling demand for memory chips and the rise of [...]