SEOUL, Nov. 24 (Korea Bizwire) — SK Inc. said Thursday it has joined hands with a major local dairy producer and a U.S. startup to merchandise alternative dairy products, such as plant-based milk and cheese, in its drive for sustainable food business. The memorandum of understanding signed with Maeil Dairies Co. and Perfect Day, a [...]
SEOUL, Nov. 4 (Korea Bizwire) — SK Group, South Korea’s second-largest conglomerate by assets, is set to issue its first commercial papers (CPs), indicating that even large companies are having difficulty raising funds through the issuance of corporate bonds. SK Inc., the holding company of SK Group, plans to issue three-year and five-year maturity CPs [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korean energy-to-telecom conglomerate SK Group said Monday it is partnering with a Malaysian clean energy company to explore collaboration in hydrogen, renewable energy and green mobility, as part of efforts to bolster its green energy transition. Its three affiliates — SK Materials Inc., SK Ecoplant Co. and SK [...]
SEOUL, Aug. 18 (Korea Bizwire) — SK Group, South Korea’s energy-to-telecom giant, said Thursday it is buying a controlling stake in a U.S. energy solutions company for US$150 million to make further inroads into digital power distribution and electric vehicle charging. SK Inc., the group’s investment holding firm, and SK Energy Co. will jointly acquire [...]
SEOUL, Aug. 16 (Korea Bizwire) — SK Group chairman Chey Tae-won posted about a food-tech startup in the U.S. on social media. On his Instagram account, Chey said he visited Wildtype, a San Francisco-based startup that makes salmon from cultivated fish cells, during a business trip to the U.S. Chey posted photos and videos of [...]
SEOUL, Aug. 15 (Korea Bizwire) — Two affiliates of South Korean refining-to-semiconductors conglomerate SK Group said Monday they have invested US$250 million in U.S. nuclear reactor design firm TerraPower for joint business opportunities. Through the investment, SK Inc., the holding company of SK Group, and SK Innovation Co., the country’s leading refiner, will jointly develop [...]
SEOUL, July 14 (Korea Bizwire) — SK Group Chairman Chey Tae-won has suggested possible changes or a delay in SK’s multibillion dollar investment plans for the next few years, citing higher borrowing and raw material costs. Chey made the remarks at a forum in Jeju this week, noting the effect of the global easy-money policy [...]
SEOUL, May 17 (Korea Bizwire) — SK Inc., the holding firm of South Korea’s No. 2 conglomerate SK Group, said Tuesday it has signed an initial agreement with a U.S. nuclear power venture founded by Microsoft founder Bill Gates, as it seeks to tap into the small-sized nuclear power reactor business. The agreement was signed [...]
SEOUL, April 27 (Korea Bizwire) — SK Inc., the holding company of South Korean conglomerate SK Group, said Wednesday it is acquiring a majority stake in a local silicon carbide (SiC) power semiconductor manufacturer as it seeks to further advance into electric vehicle component business. SK said it is spending 120 billion won (US$94.8 million) [...]
SEOUL, Jan. 25 (Korea Bizwire) — SK Group, South Korea’s third-largest conglomerate, said Tuesday it is building a new research and development (R&D) center near Seoul as part of efforts to further sharpen its technological edge in eco-friendly businesses. The 1-trillion won (US$834 million) facility, tentatively named “SK Green Techno Campus,” will put together a [...]