SEOUL, Aug. 11 (Korea Bizwire) – SK Planet, the IT solution developer of SK Group, announced that its Syrup Pay service introduced in April is gaining traction, as it surpassed 60 billion won in accumulated transactions this month. SK Planet launched the simple online payment service through all of the shopping channels on its 11St [...]
SEOUL, July 31 (Korea Bizwire) – SK C&C will build an intelligent transportation system (ITS) for the Hanoi-Haiphong Expressway, with aims to make further advances into the ITS market in the South Asian region. According to the system integration arm of SK Group, it received a license from Vietnam to build ITS infrastructure with a traffic [...]
“Currently, Korea’s IT market is stagnant and multiple players are sharing the limited market. We, SK C&C, will restructure the ICT industry ecosystem through M&As among domestic players or international cooperation, and will lead the change in business environment.” “If we integrate ICT convergence technologies into Korea’s advanced ICT services in other industries, we can [...]
SEOUL, June 26 (Korea Bizwire) – As the Middle East Respiratory Syndrome (MERS) virus and drought devastate the local economy, Korean companies and local government bodies are implementing various measures to boost the economy. On June 25, Hyundai Motor, the largest automaker in Korea, decided to offer a grace period of three months to those who [...]
SEOUL, June 11 (Korea Bizwire) – SK Networks, who proposed using the Cerestar building for a new duty-free shop, unveiled plans to develop the Dongdaemun area to make it into an Asian Broadway. The retail arm of SK Group, the third largest family-run conglomerate in Korea, already proposed investing 450 billion to 550 billion won (US$460 [...]
SEOUL, June 2 (Korea Bizwire) – The new SK Corporation, which will be launched in August after a merger between SK Corporation and SK C&C, aims to achieve 200 trillion won in sales and 10 trillion won in pre-tax profits by 2020. SK Corporation, SK Group’s holding company, and SK C&C, the group’s IT arm, [...]
SEOUL, June 2 (Korea Bizwire) – South Korea’s top family-controlled conglomerates, known here as chaebol, have recently announced plans to merge their key units, in what is widely seen as a play to simplify their governance structures and help pave the way for power transfers. Betting such moves will trigger a bull run for the [...]
SEOUL, Apr. 20 (Yonhap) — SK C&C Co., an IT service unit of South Korea’s No. 3 conglomerate SK Group, said Monday it will merge with SK Holdings Co. through a stock swap deal, a move seen as part of groupwide efforts to solidify its chairman’s grip on the group. The deal is the latest [...]
SEOUL, April 5 (Korea Bizwire) — South Korea’s top conglomerates spent more on research and development and intellectual property to seek new growth engines in 2014, while cutting back on facility-related investments, a report showed Sunday. A total of 274 firms belonging to the country’s 30 largest business groups injected 35.31 trillion won (US$32.31 billion) into [...]
SEOUL, April 2 (Korea Bizwire) – To keep social enterprises operating on solid financial grounds, an incentive system offering monetary support based on their performance will be introduced. SK Group, the Korea Social Enterprise Promotion Agency, Korea Social Investment and the Research Institute for Social Enterprises recently formed a task force to assess the social [...]