SEOUL, July 17 (Korea Bizwire) – The merger of SK Innovation Co. with its affiliate SK E&S Co. is expected to create an energy giant with 106 trillion won (US$75.6 billion) in assets, marking the first step in SK Group’s restructuring as the group seeks to cut the number of its affiliates to focus on [...]
SEOUL, July 12 (Korea Bizwire) – SK Innovation and SK E&S, two key subsidiaries of the SK Group, are set to hold board meetings next week to discuss a potential merger, industry sources said on July 11. This move is part of SK Group’s ongoing business restructuring efforts and could result in the creation of a [...]
SEOUL, June 30 (Korea Bizwire) – SK Group, South Korea’s chip-to-construction conglomerate, said Sunday it will secure 80 trillion won (US$58 billion) by 2026 for investments, mainly in artificial intelligence and semiconductors. Some 20 chief executives of the group’s major affiliates gathered at its research center in Icheon, 58 kilometers southeast of Seoul, from Friday [...]
SEOUL, June 26 (Korea Bizwire) – SK Group, one of South Korea’s largest conglomerates, is reportedly reviewing its business portfolio across various sectors, including its pharmaceutical and biotech divisions. The move comes as part of the group’s broader strategy to streamline overlapping operations and secure liquidity for future investments. According to industry sources on June 25, [...]
SEOUL, June 20 (Korea Bizwire) – SK Group, South Korea’s second-largest conglomerate, is accelerating efforts to optimize its business portfolio to address inefficiencies and financial strain caused by overinvestment in its core battery and energy sectors. As a first step, the group will hold a strategic management meeting with executives from key affiliates from June [...]
TEMECULA, Calif., June 19, 2024 (Korea Bizwire) – Nikkiso Clean Energy & Industrial Gases Group, part of Nikkiso Co. Ltd.’s Industrial division, announced that after its most recent award by SK Plug Hyverse, the Group has contracts to build and maintain approximately two dozen liquid-based hydrogen (LH2) fueling stations in South Korea. As more buses [...]
SEOUL, Jun. 7 (Korea Bizwire) — SK Group Chairman Chey Tae-won had held a meeting with C.C. Wei, chairman of Taiwan Semiconductor Manufacturing Co. (TSMC), in Taiwan and they discussed bolstering cooperation on artificial intelligence (AI) chip technologies, SK Group said Friday. SK Group has SK hynix Inc., the world’s second-largest maker of memory chips, [...]
SEOUL, May 31 (Korea Bizwire) –In a landmark ruling that could upend one of South Korea’s biggest conglomerates, a court has ordered Chey Tae-won, the chairman of the SK Group, to pay his ex-wife a massive 1.38 trillion won as part of their divorce settlement. The staggering sum, among the largest divorce payouts worldwide, is [...]
SEOUL, May 5 (Korea Bizwire) — SK Group’s in-house education platform is receiving high praise from the global human resources (HR) industry for its excellent talent cultivation performance. The energy-to-telecom conglomerate said Thursday it was invited to attend the UNLEASH America 2023 conference, held in Las Vegas from April 25-27, and took charge of an [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s SK Group said Monday it has signed a partnership deal with the sovereign wealth fund of the United Arab Emirates (UAE) to establish a carbon credit market in Asia, as part of efforts to tackle climate change in the private sector. SK Group Chairman Chey Tae-won signed [...]