SEOUL, Dec. 3 (Korea Bizwire) – South Korean energy and telecom conglomerate SK Group plans to join hands with Chinese private equity firm Hillhouse Capital Group to create a mutual fund worth 1 trillion won (US$843 million) for investment in the Chinese food industry. SK China, SK’s Chinese unit, held a board meeting recently and passed [...]
SEOUL, Nov. 18 (Korea Bizwire) — Among South Korea’s major conglomerates, SK Group has increased its number of regular workers by the most in the past year compared to the group’s size. According to an analysis of third quarter reports by industry tracker Infobigs on listed companies affiliated with the country’s 34 conglomerates, SK Group’s [...]
WASHINGTON/SEOUL, Sept. 20 (Korea Bizwire) — SK Group, an energy-to-telecom focused conglomerate, plans to invest US$10 billion over the next three years in the United States, the group’s chief has said, as it seeks to expand its presence in the world’s largest economy. SK Group Chairman Chey Tae-won made the remarks during a corporate event [...]
SEOUL, Sept. 2 (Korea Bizwire) — SK Group said Monday it will launch a new entity in the United States to better manage its contract manufacturing organization (CMO) business. SK Holdings Co., the conglomerate’s holding firm, said its board members have approved a plan to establish SK Pharmteco in Sacramento, California, by January. The company [...]
SEOUL, Aug. 16 (Korea Bizwire) — SK Group has decided to work with other global corporations over the next three years to build international standards to measure the ‘social value’ generated by businesses. SK announced that the Value Balancing Alliance (VBA), a non-profit organization in Frankfurt, Germany, will begin carrying out the task of jointly [...]
SEOUL, Jun. 20 (Korea Bizwire) — South Korean energy and telecom conglomerate SK Group is likely to be the top debt seller in the first half of the year, industry data showed Thursday, as it attempted to refinance maturing debts and invest in promising businesses. According to the data compiled by Infomax, the financial news [...]
HANOI/SEOUL, Jun. 9 (Korea Bizwire) — SK Group, South Korea’s third-largest conglomerate, said Sunday it will provide US$30 million to support the building of Vietnam’s tech innovation center. SK Group Chairman Chey Tae-won reached a funding agreement with Vietnamese Prime Minister Nguyen Xuan Phuc during his three-day visit to the Southeast Asian nation last week, [...]
SEOUL, May 29 (Korea Bizwire) – Social value, a concept defined as the product of resolving various social issues such as environmental problems and employment, is an inevitable trend of today’s era, experts argue. Panels at Social Value Connect 2019, held on Tuesday at the Grand Walkerhill Hotel Seoul, agreed that the act of seeking social [...]
SEOUL, May 21 (Korea Bizwire) – Energy-to-telecom conglomerate SK Group on Tuesday unveiled a system to measure the social value created by its affiliates, emphasizing its new business philosophy to share benefits with society. Social value refers to the achievements of a company in resolving various social issues, such as pollution and jobs, through its [...]
SEOUL, May 16 (Korea Bizwire) — Energy-to-telecom conglomerate SK Group said Thursday it will invest US$ 1 billion in Vietnam’s leading conglomerate in a bid to expand its presence in the Southeast Asian market. SK Group said it has signed a deal to buy a 6.1 percent stake in Vingroup, with the deal also calling [...]