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 [...]
SEOUL, July 7 (Korea Bizwire) — The heir apparent of Hyundai Motor Group met with the head of refinery-to-battery conglomerate SK Group on Tuesday to discuss cooperation in the electric vehicle (EV) business. Hyundai Motor Group Executive Vice Chairman Chung Euisun and SK Group Chairman Chey Tae-won discussed cooperation on next-generation EV battery technologies, power [...]
SEOUL, June 16 (Korea Bizwire) — SK Group, South Korea’s third-largest conglomerate, said Tuesday it has secured a stake in a chipmaking unit of China’s largest electric vehicle (EV) producer BYD. SK China Co., one of the group’s China-based affiliates, acquired a 1.47 percent stake in BYD Semiconductor for 150 million yuan (US$21 million). BYD [...]
SEOUL, June 4 (Korea Bizwire) — Chinese Ambassador to South Korea Xing Haiming has met with SK Group Chairman Chey Tae-won and called for greater investment in his country, his embassy said Thursday. The meeting, which took place on Wednesday, was the ambassador’s first meeting with the chief of a top South Korean conglomerate since [...]
SEOUL, June 2 (Korea Bizwire) — SK Group, South Korea’s No. 3 conglomerate, said Tuesday it has become a major shareholder of Vietnamese pharmaceutical firm Imexpharm as part of efforts to diversify its business portfolio in the Southeast Asian country. The energy and telecom conglomerate SK said its investment arm, SK South East Asia Investment [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korean energy and telecoms conglomerate SK Group’s New Year’s meeting has been transformed into a venue that listens to the voices of various stakeholders without a traditional New Year’s address from the chairman. SK Group held a New Year’s meeting at the Grand Walkerhill Seoul hotel on Thursday [...]
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 [...]