SEOUL, Dec. 26 (Korea Bizwire) – South Korean venture companies collectively achieved over 240 trillion won ($165 billion) in sales last year, ranking third among the nation’s top corporate groups, according to data released on December 25 by the Ministry of SMEs and Startups. This places them behind only Samsung Group (295 trillion won) and [...]
SEOUL, Aug. 6 (Korea Bizwire) — SK Group Chairman Chey Tae-won is expected to contest a court’s recognition of former President Roh Tae-woo’s slush fund as seed money for the conglomerate in his divorce suit against Roh’s daughter, sources said Tuesday. In May, the Seoul High Court ordered Chey to pay 1.38 trillion won (US$1 [...]
SEOUL, Jul. 19 (Korea Bizwire) — SK Inc., the holding company of South Korea’s SK Group, has increased its stake in energy and green businesses as part of the groupwide restructuring efforts to enhance competitiveness in key sectors, according to the company Friday. At a recent board of directors meeting, SK Inc. approved a planned [...]
SEOUL, Jun. 18 (Korea Bizwire) — The billion-dollar divorce case between SK Group Chairman Chey Tae-won and his wife, Roh Soh-yeong, has entered a new phase, as an appeals court corrected a rare error in its verdict this week at Chey’s request. Chey, who was ordered by the Seoul High Court last month to pay [...]
SEOUL, Jun. 12 (Korea Bizwire) — SK Inc., the holding company of South Korea’s chip-to-battery conglomerate SK Group, said Wednesday it has partnered with China’s Geely Holding Group for cooperation in batteries and future mobility solutions. Under the strategic agreement signed Tuesday, the two companies will explore business opportunities in the eco-friendly mobility sector, including [...]
SEOUL, Apr. 24 (Korea Bizwire) — Four major conglomerates saw their combined operating profit plunge 65 percent last year, hit by sluggish sales amid an economic slowdown, a report showed Wednesday. Some 306 affiliates of four conglomerates — Samsung, SK, Hyundai Motor and LG — posted a combined operating profit of 24.51 trillion won (US$17.9 [...]
SEOUL, Apr. 16 (Korea Bizwire) — SK Group, South Korea’s chip-to-battery conglomerate, emerged as the second-most-valuable conglomerate after Samsung Group in the Korean stock markets at the end of March, a corporate data firm said Tuesday. SK Group’s emergence was helped by a sharp increase in the value of its chip-making affiliate, SK hynix Inc., [...]
LAS VEGAS, Jan. 9 (Korea Bizwire) — SK Group Chairman Chey Tae-won said Tuesday that companies are facing challenges in navigating the transformative era led by artificial intelligence due to its unpredictable impact and speed. “We are on the starting line of the new era, and no one can predict the impact and speed of [...]
SEOUL, Jan. 10 (Korea Bizwire) — Roh So-young, the estranged wife of SK Group Chairman Chey Tae-won, is said to have virtually doubled her claim for alimony and division of Chey’s wealth in their ongoing divorce appellate trial to over 2 trillion won (US$1.5 billion), judicial officials said Wednesday. Chey, who runs South Korea’s second-largest [...]
ULSAN, Sept. 15 (Korea Bizwire) — SK Group plans to invest 8 trillion won (US$6.02 billion) to transform its main refinery and chemical complex in the country’s southeast into eco-friendly businesses, its chief has said. Chey Tae-won, chairman of SK Group, made the announcement as he reinforced the company’s commitment to shifting its key areas [...]