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SK Chief Says It’s Too Early to Gauge Impacts of U.S. Chips, EV Policies

SK Chief Says It’s Too Early to Gauge Impacts of U.S. Chips, EV Policies

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 [...]

SK to Spend 73 tln Won by 2023 to Boost Domestic Production Facilities

SK to Spend 73 tln Won by 2023 to Boost Domestic Production Facilities

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 [...]

S. Korea’s SK Group Chief Unveils Plan to Invest US$22 bln in Meeting with Biden

S. Korea’s SK Group Chief Unveils Plan to Invest US$22 bln in Meeting with Biden

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 [...]

SK Chief Meets Biz Partners in Japan, Discusses Chip, Battery Cooperation

SK Chief Meets Biz Partners in Japan, Discusses Chip, Battery Cooperation

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.; [...]

SK, Vietnam Agree to Boost Cooperation in Eco-friendly Businesses

SK, Vietnam Agree to Boost Cooperation in Eco-friendly Businesses

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 [...]