SK Innovation eyes strong battery orders after returning to Q1 profit

SK Innovation eyes strong battery orders after returning to Q1 profit

SK Innovation Co., a major South Korean oil refiner and battery maker, has returned to an operating profit in the first quarter, boosted by gains in...

SK Telecom to retire $2.3 bn treasury shares amid corporate split-off

SK Telecom to retire $2.3 bn treasury shares amid corporate split-off

South Korea’s largest mobile carrier SK Telecom Co. said on Tuesday it will retire 8.69 million treasury shares worth 2.6 trillion won ($2.3 b...

SK Innovation set to flex muscle with $4 bn in new cash

SK Innovation set to flex muscle with $4 bn in new cash

SK Innovation Co., South Korea's leading electric vehicle battery maker, is on course to raise more than 5 trillion won ($4.5 billion) this year fro...

SK Hynix CEO bullish on memory outlook, eyes $12 billion profit

SK Hynix CEO bullish on memory outlook, eyes $12 billion profit

The chief executive of SK Hynix Inc., the world’s second-largest memory chipmaker, aims to achieve as much as 13 trillion won ($12 billion) in...

SK IE Tech IPO draws record-high demand; brokerage servers down briefly

SK IE Tech IPO draws record-high demand; brokerage servers down briefly

SK IE Technology Co. (SKIET), the battery materials subsidiary of SK Innovation Co., has set a new record for initial public offering demand, briefl...

SK Hynix mulls foundry expansion, advances capex to ease chip shortage

SK Hynix mulls foundry expansion, advances capex to ease chip shortage

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday that it is looking into various options to grow its foundry busi...

SK IE Technology’s IPO price set at top end; record demand at bookbuilding

SK IE Technology’s IPO price set at top end; record demand at bookbuilding

The initial public offering price of South Korea’s SK IE Technology Co. has been set at the top end of the proposed band, reflecting a recor...

IMM Private Equity to acquire 40% stake in SK Lubricants for $900 million

IMM Private Equity to acquire 40% stake in SK Lubricants for $900 million

Seoul-based IMM Private Equity will acquire a 40% stake in South Korea’s SK Lubricants Co., wholly owned by SK Innovation Co., for about one t...

SK Hynix co-vice chairman hints at expanding foundry business

SK Hynix co-vice chairman hints at expanding foundry business

SK Hynix Inc., the world’s second-largest memory chipmaker, may expand its foundry business as a growing number of industries are suffering fr...

SK Group’s holding firm aims to become Korea’s Berkshire Hathaway

SK Group’s holding firm aims to become Korea’s Berkshire Hathaway

Jang Dong-hyun, chief executive of SK Inc., formerly known as SK Holdings Co. made a rare public remark during a March shareholder meeting, saying t...

Hyundai Motor, SK Innovation join forces on hybrid car battery development

Hyundai Motor, SK Innovation join forces on hybrid car battery development

South Korea-based automakers Hyundai Motor Co., KIA Corp. and electric vehicle battery maker SK Innovation Co. have joined forces to jointly develop...

SK E&S seeks global IB to raise up to $3 bn in 2021

SK E&S seeks global IB to raise up to $3 bn in 2021

SK E&S Co. will hire a global investment bank to launch the process of raising 2 trillion-3 trillion won ($2 billion-$3 billion) in new capital ...

SK expands EV profile with Signet EV acquisition, Polestar investment

SK expands EV profile with Signet EV acquisition, Polestar investment

SK Group will enter the fast-growing electric vehicle (EV) charger market by acquiring a majority stake in South Korea’s industrial charger ...

SK Hynix starts mass production of high-performance SSDs

SK Hynix starts mass production of high-performance SSDs

South Korea’s SK Hynix Inc. has begun the mass production of its latest high-performance solid-state drives (SSDs) amid intensifying competiti...

SK Telecom to split into mobile and non-mobile units

SK Telecom to split into mobile and non-mobile units

South Korea’s largest mobile carrier SK Telecom Co. will split into two separate entities. SK Telecom said on Apr. 14 that it will create a ne...

SK agrees to pay $1.8 billion to LG, settles battery legal dispute

SK agrees to pay $1.8 billion to LG, settles battery legal dispute

LG Energy Solution Ltd. and SK Innovation Co. have reached an 11th-hour agreement to end their two-year legal dispute in the US over trade secret in...

SK, Kolon tie up on biodegradable plastic production

SK, Kolon tie up on biodegradable plastic production

SK Global Chemical Co., a petrochemical subsidiary of SK Innovation Co., will produce biodegradable plastics together with chemical and textile heav...

SK Hynix in talks to supply automotive DRAM to Bosch

SK Hynix in talks to supply automotive DRAM to Bosch

South Korea’s SK Hynix Inc. is in talks to supply its memory chips for cars to Robert Bosch GmbH, a German multinational tech giant, given acc...

SK Group acquires 16.3% of Vietnam’s top retailer for $410 million

SK Group acquires 16.3% of Vietnam’s top retailer for $410 million

South Korea’s SK Group has acquired 16.3% of Vincommerce, Vietnam’s top retail business operator, for $410 million as part of a move to ...

SK Group eyes jackpot from investment in battery maker SES

SK Group eyes jackpot from investment in battery maker SES

South Korea’s SK Group is expected to pocket at least a tenfold return from its investment in electric vehicle battery startup SES as the batt...

SK Hynix ponders fate of Kioxia stake after bids by Micron, WDC

SK Hynix ponders fate of Kioxia stake after bids by Micron, WDC

The reported bids to buy Japanese chipmaker Kioxia Holdings Corp. by Micron Technology Inc. and Western Digital Corp. is raising market chatter over...

SK IE Technology’s IPO plan to get boost from ITC ruling

SK IE Technology’s IPO plan to get boost from ITC ruling

SK IE Technology Co. (SKIET), set to make a trading debut on Korea’s main bourse in May, is expected to get a favorable review in assessing it...

ITC rules in favor of SK Innovation over LG Energy in US battery patent suit

ITC rules in favor of SK Innovation over LG Energy in US battery patent suit

The International Trade Commission (ITC) has ruled in favor of SK Innovation Co. in a US battery patent suit filed by LG Energy Solution Ltd., which...

SK acquires 70% stake in Yposkesi to jump into cell, gene CMO business

SK acquires 70% stake in Yposkesi to jump into cell, gene CMO business

SK Inc., the holding and investment company of SK Group, South Korea’s third-largest conglomerate, has acquired a 70% stake in Yposkesi, a Fre...

SK E&S to invest $1.4 bn in Australia LNG project

SK E&S to invest $1.4 bn in Australia LNG project

SK E&S Co. will invest $1.4 billion in a gas field development project offshore northern Australia that had been postponed due to the global pan...

SK Bioscience halts flu vaccine output to focus on COVID vaccines

SK Bioscience halts flu vaccine output to focus on COVID vaccines

South Korea’s SK Bioscience Co. is suspending production of SKYCellflu, an influenza vaccine, to focus on manufacturing COVID-19 vaccines inst...

SK aims to raise enterprise value to over $120 billion by 2025

SK aims to raise enterprise value to over $120 billion by 2025

SK Inc., formerly known as SK Holdings Co., has vowed to raise its enterprise value to some 140 trillion won ($123 billion) by 2025 by focusing its ...

SK Tel, Shinsegae, Lotte, MBK make the cut in eBay Korea deal

SK Tel, Shinsegae, Lotte, MBK make the cut in eBay Korea deal

Four out of the five preliminary bidders for eBay Korea, including SK Telecom Co. and MBK Partners, have made the cut in the deal estimated at aroun...

SK reiterates rejection of LG’s hefty demand for battery dispute settlement

SK reiterates rejection of LG’s hefty demand for battery dispute settlement

SK Innovation Co. again refused to accept LG Energy Solution Ltd.’s demand that SK pay a hefty amount of compensation for its involvement in a...

SK Holdings to empower directors to pick and oust CEO

SK Holdings to empower directors to pick and oust CEO

South Korea's SK Holdings Co. will give outside directors more authority to get involved in the selection and dismissal of its chief executive and i...

Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement