SK Square Archives | Be Korea-savvy

SK Square Forms Partnership to Establish Investment Firm for Foreign Chipmakers

SEOUL, July 4 (Korea Bizwire) — SK Square, a non-telecom spinoff of SK Telecom Co., announced on Tuesday that it would form a partnership with SK hynix Inc., Shinhan Financial Group Co., and LIG Nex1 Co. to establish TGC Square, an investment corporation for foreign chipmakers. The consortium aims to raise 100 billion won (US$76.8 [...]

Shareholders OK SK Telecom’s Non-telecom Spinoff

SEOUL, Oct. 12 (Korea Bizwire) — SK Telecom Co. said Tuesday its shareholders approved the company’s plan to launch a non-telecom spinoff in the latest move to make aggressive investments in new tech and semiconductor businesses. The corporate restructuring — the first since the company’s foundation in 1984 — is designed to split South Korea’s [...]