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 [...]
SEOUL, Jan. 10 (Korea Bizwire) — A food truck appeared in front of the Las Vegas Convention Center on Thursday (local time), where Consumer Electronics Show (CES) 2022 was taking place. It was brought in by SK Inc., the holding company of South Korean conglomerate SK Group, to introduce the newest food tech. The food [...]
SEOUL, Jan. 9 (Korea Bizwire) — SK Inc., the holding company of South Korea’s No. 3 conglomerate SK Group, said Sunday that it has invested US$350 million in the Center for Breakthrough Medicines (CBM), becoming the second-largest stakeholder of the U.S. gene therapy company. SK said the investment deal with the Philadelphia-based contract development manufacturing [...]