SEOUL, April 30 (Korea Bizwire) – SK Engineering & Construction Co., a leading South Korean builder, has launched a demonstration project for carbon emission-free hydrogen fuel cell power generation. The company announced that it will establish a pure hydrogen solid oxide fuel cell (SOFC) power generation facility in collaboration with its affiliate SK Advanced Co., [...]
SEOUL, April 11 (Korea Bizwire) — SK Innovation Co. agreed to pay 2 trillion won (US$1.78 billion) to settle an electric vehicle battery dispute with LG Energy Solution Ltd. and withdraw all their other pending litigations to end their two-year legal battle, the two companies said Sunday. The two Korean battery makers announced the results [...]
SEOUL, April 6 (Korea Bizwire) — SK Group said Tuesday it will make a strategic investment in VinCommerce, Vietnam’s largest retail group, to tap into the fast-growing e-commerce segment in the Southeast Asian market. SK said its Southeast Asian investment arm signed a deal to buy a 16.3 percent share in VinCommerce for 460 billion [...]
SEOUL, March 29 (Korea Bizwire) — SK IE Technology Co. (SKIET), an affiliate of South Korean EV battery producer SK Innovation Co., has decided to make a large investment to preempt the fledgling market for lithium-ion battery separators. The company decided to invest an unprecedented 1.13 trillion won (US$997 million) to build its third and [...]
SEOUL, March 18 (Korea Bizwire) – SK Holdings Co., the holding firm of the South Korean energy-to-telecom conglomerate, said Thursday it will team up with China’s Zhejiang Geely Holding Group Co. to launch a US$300 million fund that will invest in future mobility technology firms. SK Holdings and Geely will each chip in $30 million for [...]
SEOUL, Jan. 29 (Korea Bizwire) — SK Holdings Co., the holding firm of South Korean energy and telecom conglomerate SK Group, is moving into the silicon carbide (SiC) power semiconductor market. SiC power semiconductors are one of the core components of electric vehicles and hydrogen fuel-cell automobiles. The firm announced on Thursday that it had [...]
SEOUL, Dec. 7 (Korea Bizwire) — SK Holdings Co., an investment arm of South Korean conglomerate SK Group, said Monday it has signed a strategic partnership deal with U.S. biopharmaceutical firm Roivant Sciences Ltd. to enter the targeted protein degradation drug market. Under the deal, SK will invest US$200 million into Roivant’s targeted protein degradation [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korean conglomerate SK Group is seeking to list its pharmaceutical unit on the country’s stock market by the end of this year, industry sources said Thursday. SK Holdings Co., the conglomerate’s holding firm, held a board meeting last month to pass a plan for SK Biopharmaceuticals Co.’s initial [...]
SEOUL, Jun. 27 (Korea Bizwire) — SK Group has introduced the SK Open API Portal, a platform that shares application programming interfaces (API) with external entities. An API is a basic component for software and services that forms the core asset of major services provided by ICT affiliates. SK Telecom Co., an affiliate of SK [...]
SEOUL, Jan. 24 (Korea Bizwire) — SK hynix Inc. said Thursday its fourth-quarter net rose 6 percent from a year earlier, which fell below the market expectation in the wake of slowing demand for memory chips and falling global sales prices. The net profit for the world’s No. 2 memory chip producer came to 3.4 [...]