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 [...]
SEOUL, Oct. 25 (Korea Bizwire) — SK Group has promised to create 27,000 new jobs over the next three years as part of the government’s youth job and education support project, the Prime Minister’s Office said Monday. South Korea’s third-largest conglomerate, which has the country’s No. 2 chipmaker, SK hynix Inc., and refinery-to-battery giant SK [...]
SEOUL, Aug. 5 (Korea Bizwire) — SK Group Chairman Chey Tae-won, famous for his enthusiasm in environment, social and governance (ESG) management, has shown interest in alternative foods on his social media accounts. On Tuesday, Chey posted pictures of purchases of alternative meat, ice cream, butter, milk and other alternative food in the U.S. on [...]
LATHAM, N.Y., Feb. 25 (Korea Bizwire) – Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions building the global green hydrogen economy, and SK Group, one of the leading South Korean business groups, announce the completion of the $1.6 billion capital investment to partner in accelerating hydrogen as an alternative energy source in Asian [...]
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 [...]