SEOUL, May 26 (Korea Bizwire) — SK Group, South Korea’s second-largest conglomerate by assets, said Thursday it will invest 247 trillion won (US$194.9 billion) over the next five years to shore up its chip, EV battery and bio businesses. The energy-to-telecom business group unveiled the blueprint through 2026, pledging to spend 179 trillion won of [...]
SEOUL, May 23 (Korea Bizwire) — SK Group said Monday it generated 18.4 trillion won (US$14.5 billion) in “social value” last year, in its first disclosure of its nonfinancial performance related to environmental, social and other areas, as it accelerates its drive for sustainability. The amount marks an increase of 7 trillion won from the [...]
SEOUL, Feb. 9 (Korea Bizwire) — SK Group became South Korea’s No. 2 conglomerate in 2021 for the first time in 16 years, overtaking automaking behemoth Hyundai Motor Group, a corporate tracker said Wednesday. SK, whose flagship is chip giant SK hynix Inc., had assets worth 270.7 trillion won (US$226 billion) as of end-September last [...]
SEOUL, Dec. 13 (Korea Bizwire) — SK Group, South Korea’s No. 3 conglomerate, said Monday it signed a deal with the Vietnamese government to boost cooperation in eco-friendly businesses, such as areas related to carbon emission cuts, hydrogen and digital technologies. SK Group Chairman Chey Tae-won signed the memorandum of understanding during a meeting with [...]
SEOUL, Nov. 10 (Korea Bizwire) — SK Group Chairman Chey Tae-won has met with a visiting U.S. senator and discussed cooperation in green business, including electric vehicle (EV) batteries, and climate change, the conglomerate said Wednesday. The meeting with Senator Jon Ossoff (D-GA) on Monday came as SK has been ramping up investment in America [...]
SEOUL, Nov. 2 (Korea Bizwire) — SK Group Chairman Chey Tae-won has vowed to spend about US$26 billion on electric vehicle (EV) batteries, hydrogen and other eco-friendly businesses in the United States in a move to join U.S. efforts to reduce greenhouse gas emissions. The figure is part of $52 billion set aside by South [...]
SEOUL, Oct. 25 (Korea Bizwire) — SK Group has promised to create 27,000 new jobs over the next three years as part of the government’s youth job and education support project, the Prime Minister’s Office said Monday. South Korea’s third-largest conglomerate, which has the country’s No. 2 chipmaker, SK hynix Inc., and refinery-to-battery giant SK [...]
SEOUL, Aug. 5 (Korea Bizwire) — SK Group Chairman Chey Tae-won, famous for his enthusiasm in environment, social and governance (ESG) management, has shown interest in alternative foods on his social media accounts. On Tuesday, Chey posted pictures of purchases of alternative meat, ice cream, butter, milk and other alternative food in the U.S. on [...]
LATHAM, N.Y., Feb. 25 (Korea Bizwire) – Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions building the global green hydrogen economy, and SK Group, one of the leading South Korean business groups, announce the completion of the $1.6 billion capital investment to partner in accelerating hydrogen as an alternative energy source in Asian [...]
SEOUL, Jan. 14 (Korea Bizwire) — Market expectations for U.S. fuel cell maker Plug Power Inc. are growing with its share price surging after South Korean conglomerate SK Group made an equity investment in the company. Boosted by SK’s equity investment, the share price of the Nasdaq-listed firm has continued to surge, closing at US$66.02 [...]