SEOUL, April 30 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner, said Wednesday its net loss widened in the first quarter from a year earlier despite a sharp increase in sales, due to falling oil prices and declining refining margins. Net loss deepened to 125.6 billion won (US$88.4 million) in the three months [...]
SEOUL, April 10 (Korea Bizwire) — SK Group Chairman Chey Tae-won has visited Taiwan, and met with the chief of Taiwan Semiconductor Manufacturing Co. (TSMC) and officials from other semiconductor companies to discuss ways of strengthening cooperation in the semiconductor sector, sources said Thursday. During the meeting held earlier this week, Chey and TSMC CEO [...]
SEOUL, Jan. 7 (Korea Bizwire) — Chey Tae-won, Chairman of the Korea Chamber of Commerce and Industry and SK Group, highlighted the pressing challenges of global economic shifts during the “2025 Seoul New Year’s Meeting” on January 6. Speaking at the Seoul Chamber of Commerce in Jung-gu, he identified three major disruptions—U.S.-led tariff hikes, inflationary [...]
SEOUL, Jan. 3 (Korea Bizwire) — In their New Year’s messages, chief executives of South Korea’s three major telecommunications companies and leading platform and gaming firms highlighted plans to expand artificial intelligence operations and boost revenue generation in 2025. The heads of the telecom companies unanimously identified AI achievements as their primary objective for the coming [...]
ULSAN, South Korea, Jan. 1 (Korea Bizwire) — A striking media art installation that captivated visitors at CES 2024 in Las Vegas has found a permanent home in Ulsan’s petrochemical complex. Renamed the Magic Sphere, the 6-meter-wide LED sculpture, formerly known as the “Wonder Globe,” was unveiled during a lighting ceremony at SK Innovation’s Ulsan Complex [...]
SEOUL, Dec. 26 (Korea Bizwire) – South Korean venture companies collectively achieved over 240 trillion won ($165 billion) in sales last year, ranking third among the nation’s top corporate groups, according to data released on December 25 by the Ministry of SMEs and Startups. This places them behind only Samsung Group (295 trillion won) and [...]
SEOUL, Aug. 6 (Korea Bizwire) — SK Group Chairman Chey Tae-won is expected to contest a court’s recognition of former President Roh Tae-woo’s slush fund as seed money for the conglomerate in his divorce suit against Roh’s daughter, sources said Tuesday. In May, the Seoul High Court ordered Chey to pay 1.38 trillion won (US$1 [...]
SEOUL, Jul. 19 (Korea Bizwire) — SK Inc., the holding company of South Korea’s SK Group, has increased its stake in energy and green businesses as part of the groupwide restructuring efforts to enhance competitiveness in key sectors, according to the company Friday. At a recent board of directors meeting, SK Inc. approved a planned [...]
SEOUL, Jun. 18 (Korea Bizwire) — The billion-dollar divorce case between SK Group Chairman Chey Tae-won and his wife, Roh Soh-yeong, has entered a new phase, as an appeals court corrected a rare error in its verdict this week at Chey’s request. Chey, who was ordered by the Seoul High Court last month to pay [...]
SEOUL, Jun. 12 (Korea Bizwire) — SK Inc., the holding company of South Korea’s chip-to-battery conglomerate SK Group, said Wednesday it has partnered with China’s Geely Holding Group for cooperation in batteries and future mobility solutions. Under the strategic agreement signed Tuesday, the two companies will explore business opportunities in the eco-friendly mobility sector, including [...]