SEOUL, Dec. 16 (Korea Bizwire) — SK Inc., the holding firm of South Korea’s No. 3 conglomerate SK Group, said Thursday it and a local private equity fund have invested a combined US$50 million in a U.S. biofuel company, as part of efforts to boost its green energy portfolio. The investment in Fulcrum BioEnergy Inc. [...]
SEOUL, Nov. 30 (Korea Bizwire) — SK Inc., the holding company of South Korean conglomerate SK Group, said Tuesday it has completed the merger with its advanced materials arm to further expand its foothold in such areas as semiconductor and battery materials. SK announced the plan in August to absorb SK Materials Co. in an [...]
SEOUL, Nov. 16 (Korea Bizwire) — SK Inc., the holding company of South Korea’s No. 3 conglomerate SK Group, said Tuesday it is in the final talks to invest in a U.S. gene therapy company, in its latest move to expand its foothold in global biopharmaceuticals. SK said it plans to sign a formal deal [...]
SEOUL, Oct. 13 (Korea Bizwire) — SK Inc., the holding company of South Korean conglomerate SK Group, said Wednesday it has signed an initial deal with a U.S. hydrogen maker to set up a joint venture as part of efforts to bolster its clean energy business. The memorandum of understanding (MOU), signed with Monolith Materials [...]
SEOUL, Oct. 1 (Korea Bizwire) — SK Inc., the holding firm of South Korean conglomerate SK Group, said Friday it has additionally invested 65 billion won (US$55 million) in Perfect Day, a U.S. alternative milk maker, following 54 billion won of funds last year. SK said it joined the latest round of funding for Perfect [...]
SEOUL, Aug. 9 (Korea Bizwire) — The energy and telecom conglomerate SK said its investment arm, SK South East Asia, has invested US$60 million in BigPay, Malaysia’ leading fintech firm. The subsidiary of Malaysian low-cost carrier Air Asia Group offers a wide range of payment and remittance services in Malaysia and Singapore. In particular, itis [...]
SEOUL, July 26 (Korea Bizwire) — SK Inc., South Korean conglomerate SK Group’s holding company, said Monday it will team up with Chinese food company Joyvio Group to create a 100 billion won (US$86.7 million) fund focused on food tech startups and tap into the growing alternative food market. The two have signed a memorandum [...]
SEOUL, July 1 (Korea Bizwire) — SK Inc., the holding firm of South Korean conglomerate SK Group, said Thursday it has struck a 140 billion-won (US$123.5 million) deal to buy a 10 percent stake in TBM, a Japanese maker of eco-friendly materials. SK’s Japanese investment arm made the investment in the Tokyo-based startup known for [...]
SEOUL, June 14 (Korea Bizwire) — SK Inc.’s European bio subsidiary Yposkesi has begun the construction of its second drugmaking plant in France to ramp up its manufacturing capacity, the holding firm of South Korea’s No. 3 conglomerate SK Group said Monday. In March, SK acquired a 70 percent stake in Yposkesi, a France-based Contract [...]
SEOUL, June 3 (Korea Bizwire) — SK Corp., the holding company of SK Group, said Thursday it has made a strategic investment in Monolith Materials Inc., an American hydrogen company, to ramp up its clean energy business. The holding firm of South Korea’s No. 3 conglomerate said it has signed a deal to acquire stakes [...]