SEOUL, Apr. 24 (Korea Bizwire) — Four major conglomerates saw their combined operating profit plunge 65 percent last year, hit by sluggish sales amid an economic slowdown, a report showed Wednesday. Some 306 affiliates of four conglomerates — Samsung, SK, Hyundai Motor and LG — posted a combined operating profit of 24.51 trillion won (US$17.9 [...]
SEOUL, Apr. 16 (Korea Bizwire) — SK Group, South Korea’s chip-to-battery conglomerate, emerged as the second-most-valuable conglomerate after Samsung Group in the Korean stock markets at the end of March, a corporate data firm said Tuesday. SK Group’s emergence was helped by a sharp increase in the value of its chip-making affiliate, SK hynix Inc., [...]
LAS VEGAS, Jan. 9 (Korea Bizwire) — SK Group Chairman Chey Tae-won said Tuesday that companies are facing challenges in navigating the transformative era led by artificial intelligence due to its unpredictable impact and speed. “We are on the starting line of the new era, and no one can predict the impact and speed of [...]
SEOUL, Jan. 10 (Korea Bizwire) — Roh So-young, the estranged wife of SK Group Chairman Chey Tae-won, is said to have virtually doubled her claim for alimony and division of Chey’s wealth in their ongoing divorce appellate trial to over 2 trillion won (US$1.5 billion), judicial officials said Wednesday. Chey, who runs South Korea’s second-largest [...]
ULSAN, Sept. 15 (Korea Bizwire) — SK Group plans to invest 8 trillion won (US$6.02 billion) to transform its main refinery and chemical complex in the country’s southeast into eco-friendly businesses, its chief has said. Chey Tae-won, chairman of SK Group, made the announcement as he reinforced the company’s commitment to shifting its key areas [...]
SEOUL, Sept. 5 (Korea Bizwire) — SK On Co. is seeking to build close partnerships with various automakers for the electric vehicle (EV) battery sector, including the ones in Europe where the market competition is increasingly getting fierce, its co-chief has said. Chey Jae-won, executive vice chairman of SK Group and a co-head of the [...]
SEOUL, Aug. 23 (Korea Bizwire) — SK Group Senior Vice Chairman Chey Jae-won met with Mercedes-Benz Group CEO Ola Kallenius on Wednesday and discussed ways to boost their business partnership, SK said. The meeting, which took place in SK’s headquarters in Seoul, centered on efforts to expand cooperation in the fields of electric vehicle (EV)-related [...]
SEOUL, Aug. 17 (Korea Bizwire) — SK E&S Co., the natural gas power unit of South Korea’s SK Group, signed a preliminary agreement with a local utility company Thursday for a partnership on the production and utilization of green hydrogen. Under the memorandum of understanding with the Korea Southern Power Co. (KOSPO), they will work [...]
SEOUL, July 28 (Korea Bizwire) — Daewoo Engineering & Construction Co. and SK ecoplant Co., two major builders in South Korea, said Thursday they have signed a memorandum of understanding to enhance cooperation on nuclear power plant projects. According to the terms of the MOU, the two parties will exchange technology and personnel. They will [...]
SEOUL, June 27 (Korea Bizwire) — SK Group has extended a gift of new faces and smiles to Vietnamese children with facial deformities. The South Korean conglomerate said Monday it had conducted free surgical procedures for children with facial deformities in the Quang Ngai province of Vietnam. The surgeries were performed in collaboration with Seoul [...]