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 [...]
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 [...]