SEOUL, Apr. 16 (Korea Bizwire) – SK Networks, a major South Korean conglomerate, has decided to sell its wholly owned car rental subsidiary, SK Rent-a-Car, as part of efforts to secure funds for its artificial intelligence (AI) growth initiatives. In a regulatory filing on April 16, SK Networks announced that it has selected Affinity Equity [...]
SEOUL, March 9 (Korea Bizwire) — SK Networks Co., a trading and ICT distribution unit under SK Group, said Thursday it has acquired a 2.6 percent stake in a U.S. artificial intelligence (AI) startup, in its latest investment in AI technologies. SK Networks spent US$22 million in direct and indirect investments in the $100 million [...]
SEOUL, Jan. 14 (Korea Bizwire) — SK Networks Co., the general trading arm of South Korean conglomerate SK Group, said Friday it has invested US$12 million in a U.S. biotech startup specializing in making alternative leather. SK Networks took part in a round of $126 million funding for MycoWorks, a Silicon Valley-based biomaterials company, and [...]
SEOUL, Jan. 21 (Korea Bizwire) — Hyundai Motor Co. said Thursday it opened an ultra-fast charging station for electric vehicles (EVs) in southeastern Seoul in the latest move that could boost convenience for drivers of zero-emission cars. Hyundai Motor and SK networks, a chemical and energy company, jointly transformed an old gas station into South [...]
SEOUL, Nov. 1 (Korea Bizwire) — Hyundai Motor Co. and SK Networks Co. have joined hands to create new infrastructure for the establishment of an electric car charging station. Hyundai revealed yesterday that it had signed an MOU with SK Networks that would make this possible. According to the MOU, Hyundai will develop high-speed electric [...]
SEOUL, Aug. 28 (Korea Bizwire) — SK Networks Co. unveiled a new business operation dubbed “Mobility Bank” aimed at providing free commercial vehicle rentals to companies that cannot afford to rent their own. SK Networks is planning to lend 50 of its Damas vehicles (produced by GM Korea) for free to companies lacking corporate vehicles [...]
SEOUL, Mar. 12 (Korea Bizwire) — South Korean duty-free operators are holding back from expanding their businesses on grim prospects that the intensifying trade spat between South Korea and China over the U.S. anti-missile system will further weigh down sales, industry sources said Sunday. HDC Shilla Co., a latecomer in the local duty-free industry, may [...]
SEOUL, Sept. 10 (Korea Bizwire) — Dutch electronics giant Philips has expressed interest in taking over a stake in Coway, South Korea’s top water purification maker which has been put on the selling block, industry sources said Thursday. Last month, Seoul-based private equity fund MBK Partners picked Goldman Sachs as a lead manager of the sale [...]
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, Korea, April 15, 2014 (Korea Bizwire) – On average male employees of Korea’s top-20 largest companies receive 1.5 times more salaries than female counterparts. According to a business report issued by top 20 companies (not including financial service firms), excluding SK Networks where the average annual salary by gender is not specified, male employees’ [...]