SEOUL, Oct. 16 (Korea Bizwire) — After years entangled in one of South Korea’s most high-profile divorce battles, SK Group Chairman Chey Tae-won appears ready to turn his attention back to business. The Supreme Court on Thursday ordered a review of the massive divorce settlement previously imposed on him, easing concerns over a potential shakeup at [...]
SEOUL, Oct. 10 (Korea Bizwire) – SK Group said Friday it will hold two large-scale artificial intelligence (AI) events starting this month in a bid to lead global discussions on future growth engines in the AI-driven era. The conglomerate will host the Future Tech Forum on Oct. 28 as part of the upcoming Asia-Pacific Economic [...]
SEOUL, Sept. 28 (Korea Bizwire) — SK Group, a South Korean chip-to-defense conglomerate, said Sunday it will present its vision for artificial intelligence (AI) development on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, as part of efforts to expand the global AI ecosystem. SK will host the Future Tech Forum AI at Gyeongju [...]
SEOUL, Aug. 25(Korea Bizwire) — TerraPower LLC, a nuclear power startup founded by Bill Gates, has expressed hope for closer business ties with SK Group, the country’s No. 2 conglomerate said Monday. TerraPower expressed such a hope in a meeting between Gates and SK Group Chairman Chey Tae-won, held in Seoul last week, where the [...]
SEOUL, Aug. 12 (Korea Bizwire) — Top business leaders of South Korea and Vietnam on Tuesday highlighted the need to form a strategic economic partnership between their countries while vowing to continue enhancing their bilateral cooperation in various sectors. “Today, the business environment faced by both countries at home and abroad remains challenging,” Chey Tae-won, [...]
SEOUL, June 23 (Korea Bizwire) — South Korea’s SK Group is embarking on what it calls its “fourth quantum leap,” leveraging artificial intelligence to transform its industrial footprint through a landmark AI data center in Ulsan—marking a new chapter in the conglomerate’s seven-decade history of strategic pivots. The company, which began in textiles in 1953 before [...]
SEOUL, Nov. 27 (Korea Bizwire) — The Korea Higher Education Foundation, a nonprofit established by the late Chairman Jeonghyun Chey of SK Group, celebrated its 50th anniversary on November 26. Founded with a personal donation of 55.4 million Korean won, the foundation has supported over 5,100 scholars over the past five decades. Choi’s vision for [...]
SEOUL, Oct. 16 (Korea Bizwire) — SK Group Chairman Chey Tae-won has argued to the Supreme Court that SK Inc. stocks and other assets under his name cannot be subject to property division with his estranged wife, Roh Soh-yeong, based on the Civil Act, judicial officials said Wednesday. Chey’s argument was recently submitted in written [...]
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 [...]