WASHINGTON/SEOUL, Sept. 22 (Korea Bizwire) — SK Group Chairman Chey Tae-won has said it is too early to define the impacts on South Korean businesses of U.S. policies favoring domestically produced semiconductors and electric vehicles and any plans should be drawn up based on careful assessments. Chey’s remarks came as the administration of U.S. President [...]
SEOUL, Sept. 14 (Korea Bizwire) — SK Group, South Korea’s second-largest conglomerate by assets, said Thursday it will spend 73 trillion won (US$52.4 billion) by 2023 to boost its domestic production facilities for chips, green energy and bio. The energy-to-telecom business group will also spend 25 trillion won on research and development (R&D) over the [...]
WASHINGTON/SEOUL, July 27 (Korea Bizwire) — Chey Tae-won, chairman of South Korea’s SK Group, on Tuesday unveiled an ambitious plan to invest an additional US$22 billion in the United States in a rare meeting with U.S. President Joe Biden. Biden welcomed the announcement, calling it one of the most “significant investments” ever seen in the [...]
SEOUL, June 29 (Korea Bizwire) — SK Group Chairman Chey Tae-won met with key business leaders during his visit to Japan last week and discussed cooperation in various areas, including semiconductors and batteries, industry sources said Wednesday. During the three-day trip from Wednesday through Friday, Chey met with Kenichiro Yoshida, CEO of Sony Group Corp.; [...]
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 [...]