SEOUL, June 22 (Korea Bizwire) — SK Group said Thursday it is funding a project to erect a memorial honoring two late U.S. veterans who fought in the 1950-1953 Korean War, as the allies celebrate the 70th anniversary of the two countries’ alliance this year. The memorial stone will be established in Imjingak Pyeonghwa Nuri [...]
SEOUL, May 19 (Korea Bizwire) — SK C&C, an IT service unit of South Korean conglomerate SK Group, said Thursday it had signed a deal with Recycle Ledger, a local venture firm, to operate a recycling resource tracking service. The partnership aims to support Recycle Ledger’s waste cooking oil data tracking service using SK C&C’s [...]
SEOUL, May 8 (Korea Bizwire) — SK Innovation Co., the energy unit of South Korea’s SK Group, said Monday it has jointly invested with another SK affiliate in a South Korean developer of gas separation membranes to advance the technology for use in carbon capture. The investment in Airrane, a Cheongju-based company, commits SK Innovation [...]
SEOUL, May 3 (Korea Bizwire) — SK E&S Co., an energy unit of South Korean conglomerate SK Group, said Tuesday it will supply electricity generated from renewable energy to German chemical giant BASF S.E. The two parties signed a power purchase agreement (PPA) in Seoul on April 18. As per the terms of the agreement, [...]
SEOUL, April 26 (Korea Bizwire) — Two affiliates of South Korea’s SK Group have signed a partnership agreement with a U.S. nuclear company, backed by Microsoft Corp. founder Bill Gates, to collaborate on the commercialization of an advanced reactor, an SK unit said Wednesday. SK Inc., SK Innovation Co. and the state-run Korea Hydro & [...]
SEOUL, March 16 (Korea Bizwire) — SK Inc., the holding company of South Korea’s SK Group, said Thursday it is selling its entire stake in a U.S. car-sharing company as it seeks to make further inroads into the fast-growing mobility market in Southeast Asia. SK Inc. will sell its 2.98 percent stake in Turo, a [...]
SEOUL, March 7 (Korea Bizwire) — SK Inc. Materials Co., an advanced materials unit under South Korea’s SK Group, said Tuesday it is acquiring a U.S. company specializing in carbon capture, utilization and storage (CCUS), as it bolsters investment in clean energy. The board of SK Inc. approved the plan Monday to invest an additional [...]
SEOUL, March 5 (Korea Bizwire) — South Korean battery producer SK On Co. said Sunday U.S. Transportation Secretary Pete Buttigieg visited the construction site of its new production line in Kentucky earlier this week. Buttigieg visited the 6.28 million-square-meter site of the manufacturing campus, named BlueOval SK Battery Park, on Friday, and met officials to [...]
SEOUL, Feb. 3 (Korea Bizwire) — SK C&C Co., an IT service unit of South Korean conglomerate SK Group, said Thursday it had signed a business agreement with Microsoft Korea Co. to launch into the global digital healthcare solution market as well as to expand its industry ecosystem. Under terms of the agreement, SK C&C’s [...]
SEOUL, Jan. 20 (Korea Bizwire) — The chief of energy-to-telecom conglomerate SK Group has met with the leaders of Serbia and Montenegro in Switzerland, and discussed ways to reinforce cooperation in such areas as global supply chains, South Korea’s third-largest conglomerate said Friday. During the meeting with Serbian President Aleksandar Vucic on the margins of [...]