SK Telecom AI Pyramid
Scope
Date
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M&As
SK Ecoplant to sell plant building business before IPO
SK Ecoplant Co., formerly known as SK Engineering & Construction Co., is in advanced stages of talks with a consortium of South Korea-based IUM ...
Sep 06, 2021 (Gmt+09:00)
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Artificial intelligence
KT to commercialize hyperscale AI model by H1 2022
South Korea’s major mobile carrier KT Corp. and the AI One Team coalition announced plans last week to develop a hyperscale artificial intelli...
Sep 03, 2021 (Gmt+09:00)
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Hydrogen economy
SK E&S eyes $30 billion corporate value as top hydrogen company
SK E&S Co., the natural gas business unit of SK Group, aims to turn into an eco-friendly company with an enterprise value of 35 trillion won ($3...
Sep 01, 2021 (Gmt+09:00)
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EV Batteries
LG Energy Solution, SK Innovation raise global battery market shares
LG Energy Solution Ltd. and SK Innovation Co. expanded global battery market shares, leading steady growth in South Korea’s battery industry.S...
Sep 01, 2021 (Gmt+09:00)
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Corporate rebranding
SK Global Chemical rebrands as plastic recycler SK Geocentric
SK Innovation Co.’s petrochemical unit SK Global Chemical Co. has undergone a corporate name change to SK Geocentric Co., in a move to reident...
Aug 31, 2021 (Gmt+09:00)
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Logistics
SK gas stations to become CJ Logistics micro-fulfillment centers
South Korea’s leading logistics company CJ Logistics Corp. teamed up with SK Energy to aim the domestic quick commerce market, utilizing gas s...
Aug 27, 2021 (Gmt+09:00)
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E-commerce
Amazon teams up with SK’s 11Street to offer Global Store for Koreans
SK Telecom Co.’s e-commerce platform 11Street Co. has teamed up with Amazon, the world’s largest online shopping mall, to offer the US c...
Aug 26, 2021 (Gmt+09:00)
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Korean startups
KT makes partial exit from travel platform Yanolja
South Korea’s telecom giant KT Corp. has made a partial exit from the country’s largest travel platform Yanolja, which is eyeing a US IP...
Aug 25, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung Elec, SK Hynix shares jump alongside US peers
Samsung Electronics Co. and SK Hynix sharply rose on Aug. 24 after suffering a continuous sell-off. The Philadelphia Semiconductor Index gained for ...
Aug 24, 2021 (Gmt+09:00)
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Korean startups
3i's AI technology creates digital twins using smartphone photos
Innovating industrial plants is often a difficult decision-making process for companies because changing a single piece of equipment requires a thor...
Aug 24, 2021 (Gmt+09:00)
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Korean startups
AI edtech startup KidsLoop joins unicorn club
Artificial intelligence-based education is similar to self-driving cars, which select the optimal transportation routes for their drivers, according...
Aug 23, 2021 (Gmt+09:00)
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Corporate restructuring
SK Group’s holding firm to absorb SK Materials in corporate restructuring
SK Inc., the investment and holding company of SK Group, will absorb SK Materials Co., the group’s industrial gas manufacturing affiliate, in ...
Aug 20, 2021 (Gmt+09:00)
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Energy
SK E&S gears up for more US renewable energy investment'
SK E&S Co, South Korea’s top city gas supplier, is preparing for additional investment in the US renewable energy sector. The move is to e...
Aug 19, 2021 (Gmt+09:00)
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Artificial intelligence
S.Korean firms start training AI professionals to address talent shortage
South Korea’s major business groups have started to foster their own talents in the field of artificial intelligence (AI) to address the widen...
Aug 19, 2021 (Gmt+09:00)
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Korean startups
AI startup Moloco raises near $150 million
Silicon Valley-based artificial intelligence startup Moloco Inc. has raised around 173.4 billion won ($148.1 million) in a recent funding round led ...
Aug 19, 2021 (Gmt+09:00)
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IPOs
Shinsegae's e-commerce arm SSG.COM seeks 2022 IPO
SSG.COM, the e-commerce brand of South Korea's retail titan Shinsegae Inc., has begun the process to go public next year, with its valuation estimat...
Aug 13, 2021 (Gmt+09:00)
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Capital raising
SK E&S' $2 bn preferred share deal shortlisted to four candidates
SK E&S Co., the largest city gas supplier in South Korea, has shortlisted four candidates among seven preliminary bidders to invest in 2 trillio...
Aug 13, 2021 (Gmt+09:00)
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Foreign exchange
Korean won at 11-month low as foreigners dump $6.1 bn in stocks this week
The South Korean won tumbled to a near 11-month low as foreign investors dumped $6.1 billion in local stocks this week much more than their total se...
Aug 13, 2021 (Gmt+09:00)
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Markets
MSCI adds SK Bioscience, SKIET, EcoPro BM to Korea Index
Global index provider Morgan Stanley Capital International (MSCI) added SK IE Technology Co. (SKIET), SK Bioscience Co. and EcoPro BM Co. to its K...
Aug 12, 2021 (Gmt+09:00)
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Tech, Media & Telecom
S.Korean telcos accelerate diversification amid strong Q2
South Korea’s two largest telecom companies, SK Telecom Co. and KT Corp., have both delivered strong second-quarter results driven by rapid gr...
Aug 11, 2021 (Gmt+09:00)
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AI startup Return Zero transforms phone calls into texts
South Korea-based startup Return Zero is enhancing the quality of life for people through its voice recognition app, Vito, which provides phone call...
Aug 10, 2021 (Gmt+09:00)
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COVID-19
SK Bioscience to kick off phase 3 vaccine trials
SK Bioscience Co. has received approval from South Korea’s Ministry of Food and Drug Safety (MFDS) for phase 3 clinical trials of its COVID-19...
Aug 10, 2021 (Gmt+09:00)
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Fintech
SK Group expands foothold in Southeast Asia fintech sector
South Korea’s energy and telecom conglomerate SK Group is aggressively strengthening its foothold in the Southeast Asian fintech business.SK S...
Aug 09, 2021 (Gmt+09:00)
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SK Hynix to set up US NAND firm led by Intel’s senior vice president
SK Hynix that took over Intel Corp.’s NAND memory chip business plans to set up a new company in the United States. Intel’s senior vice ...
Aug 06, 2021 (Gmt+09:00)
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Batteries
SK's battery unit split-off drives polarized responses
The share price of South Korea's SK Innovation Co. has extended losses following its confirmation on Tuesday of the battery business splif-off plan,...
Aug 06, 2021 (Gmt+09:00)
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Travel & Leisure
Yanolja CIO says its AI vision played key role in SoftBank investment
Korean travel startup Yanolja’s Chief Investment Officer said that artificial intelligence (AI) was the keyword that played a decisive role in...
Aug 05, 2021 (Gmt+09:00)
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EV Batteries
SK Innovation to split battery unit in October, seeks IPO
South Korea’s top energy company SK Innovation Co. decided to split off its battery business in October with a plan to list the new affiliate ...
Aug 04, 2021 (Gmt+09:00)
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Capital raising
KKR, IMM PE in bid for SK E&S' $2 bn preferred shares
KKR & Co., IMM Private Equity and Glenwood Private Equity are among the preliminary bidders for 2 trillion won ($1.9 billion) worth of new prefe...
Aug 04, 2021 (Gmt+09:00)
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Pharmaceuticals
TiumBio acquires stake in SK Plasma to beef up R&D for rare diseases
South Korea-based biopharmaceutical company TiumBio is set to acquire 30 billion won ($26 million) worth of shares in SK Plasma, a blood product com...
Jul 28, 2021 (Gmt+09:00)
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Korean startups
Korea's sole AI chip designer takes on automotive chip market
South Korea-based semiconductor intellectual property provider Openedges Technology Inc. has come into the limelight with global automaker Hyundai M...
Jul 28, 2021 (Gmt+09:00)
Latest News
- 1 Seoul agrees to reduce Jakarta’s KF-21 cost share by two thirds
- 2 Nexon Games rally on Tencent’s attempt to buy Nexon
- 3 JLL, Savills to lead Seoul Square sale in $1 bn deal
- 4 Partners Group sees infrastructure secondaries quadrupling to $60 bn
- 5 MBK-invested Homeplus looks for new owner as M&A emerges as option