SEOUL, Mar. 15 (Korea Bizwire) — South Korea’s major business groups face another round of investigations for their alleged involvement in the bribery scandal that led to the impeachment of President Park Geun-hye, industry and legal sources said Tuesday.Prosecutors at the Seoul Central District Prosecutors’ Office took over the bribery case late last month when [...]
SEOUL, Nov. 24 (Korea Bizwire) – South Korea’s SK Group will work with oil producers of the Middle East to find new business models beyond developing petroleum products, the conglomerate said Thursday. The group’s chairman Chey Tae-won, visiting the region this week, met with CEOs of sovereign funds, oil companies and other partner firms, and [...]
SEOUL, March 11 (Korea Bizwire) – Chey Tae-won, chairman of SK Group, was spotted in the parking lot of SK Group’s headquarters riding a Socar vehicle. According to SK Group, Chey appeared in the parking lot of the headquarters building with Socar officials. After riding a Kia Ray for 10 minutes, attracting some attention, he [...]
SEOUL, Nov. 24 (Korea Bizwire) – SK Corp., the holding firm of South Korea’s No. 3 conglomerate, said Tuesday that it has decided to take over a local manufacturer of special gases used in chipmaking, LCD and solar panels, as part of an effort to bolster its semiconductor material business. SK will buy a 49.1 [...]
SEJONG, Sept. 10 (Korea Bizwire) – A smart farming town sponsored by SK Group is gaining attention from high ranking officials in Southeast Asian countries including Vietnam and Thailand. According to the Sejong Creative Economy Center, South Asian delegates visited the state-of-the-art “smart farms” which combine agriculture and ICT, and considered the possibility of incorporating the [...]
SEOUL, Aug. 31 (Korea Bizwire) — Samsung Electronics said Monday it has agreed with the commerce ministry to provide smaller firms with more efficient production facilities in line with government efforts to promote shared growth between big businesses and them. Under the plan, the two will invest 15 billion won (US$12.6 million) each to share various [...]
SEOUL, Aug. 30 (Korea Bizwire) – SK Group Chairman Chey Tae-won has met with Chinese joint venture partners to discuss ways to expand cooperation in the petrochemical and chip businesses, his office said Sunday, in his latest efforts to boost business after being freed from jail. After being released on Aug. 14 upon receiving a [...]
SEOUL, Aug. 26 (Korea Bizwire) – SK Group announced that if any of the soldiers who postponed their discharge from the military under tense political situations were to apply for a job at SK, they would hire them preferentially. Officials at the conglomerate say that their chairman, Chey Tae-won, was very touched at the news [...]
SEOUL, Aug. 17 (Korea Bizwire) — South Korea’s No. 3 conglomerate SK Group said Monday it plans to have all its affiliates adopt a new wage system by next year, in line with the government’s effort to boost the labor market. Under the wage peak system, employees accept a reduced salary in exchange for working for [...]
SEOUL, Aug. 13 (Korea Bizwire) – President Park Geun-hye granted special pardons Thursday to high-profile businessmen and more than 6,500 others ahead of Liberation Day. “I decided to grant special pardons in order to help forge national reconciliation and revitalize the economy as well as to boost people’s spirits,” Park said in a Cabinet meeting. The [...]