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 [...]
SEOUL, Jan. 7 (Korea Bizwire) — SK Group, a South Korean conglomerate, said Thursday it will invest 1.6 trillion won (US$1.5 billion) in U.S. fuel cell maker Plug Power Inc. to expand its footprint in the hydrogen business. SK Holdings Co., the group’s holding firm, and SK E&S Co., a natural gas subsidiary, will acquire [...]
LATHAM, N.Y., Jan. 6 (Korea Bizwire) — Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen fuel cell and fueling solutions enabling e-mobility, and SK Group, one of the leading South Korean business groups, announced today that the companies intend to form a strategic partnership to accelerate hydrogen as an alternative energy source in [...]
SEOUL, Dec. 18 (Korea Bizwire) — Chey Tae-won, chairman of South Korea’s SK Group, has been named vice president of the Olympic Council of Asia (OCA), the top sports governing body on the continent. “The General Assembly elected a new OCA Vice President to serve as coordinator for the 90 sports federations that take part [...]
SEOUL, Dec. 2 (Korea Bizwire) — SK Holdings Co., the holding firm of South Korean energy and telecom conglomerate SK Group, plans to jump into the fledgling hydrogen industry. The company announced Tuesday that it has established a new task force for hydrogen energy, comprising 20 experts from SK Innovation Co., South Korea’s largest refiner [...]
SEOUL, Nov. 24 (Korea Bizwire) — A consortium of two SK Group affiliates will invest 2.1 trillion won (US$1.9 billion) in data centers and a startup cluster in South Korea’s southwest industrial complex by 2025, the transport ministry said Tuesday. The consortium of SK E&S Co. and SK broadband Co. will invest 2 trillion won [...]
SEOUL, Nov. 1 (Korea Bizwire) — Eight units of South Korea’s third-largest conglomerate SK Group will participate in a global renewable energy campaign also joined by Google Inc. and Apple Inc., the group said Sunday. The SK firms will be the first South Korean companies to take part in the RE100 campaign that calls for [...]
SEOUL, Aug. 28 (Korea Bizwire) — SK Group, South Korea’s third-largest conglomerate, said Friday it will offer its four training institutes as treatment centers for novel coronavirus patients in the greater Seoul area in a move to support local health authorities in securing more hospital beds. SK Academy in Yongin, south of Seoul, and its [...]
SEOUL, Aug. 16 (Korea Bizwire) — SK Group, a South Korean telecom-to-chemicals conglomerate, ranked first in first-half net profit, beating Samsung Group on equity gains from its affiliates, a local market data provider said Sunday. In the six months that ended in June, SK Group’s consolidated net profit jumped 32 percent to 6.19 trillion won [...]
SEOUL, July 28 (Korea Bizwire) – SK Group has cemented its status as the No. 2 market-cap conglomerate in South Korea on a surge in prices of shares in its recently listed biopharmaceutical unit, a market tracker said Tuesday. The combined market capitalization of SK’s listed subsidiaries came to 120 trillion won (US$100.3 billion) as [...]