SK Inc. () is a holding and

IT services Information technology service management (ITSM) is the activities that are performed by an organization to design, build, deliver, operate and control information technology (IT) services offered to customers. Differing from more technology-o ...

company headquartered in

Seoul Seoul (; ; ), officially known as the Seoul Special City, is the Capital city, capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the North Korea, Democratic People's Republic of Korea (North Korea ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...

. The company is divided into Investment Division and Business Division. The Investment Division operates as a holding company engaged in

petroleum Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude ...

telecommunications Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than tha ...

wholesale Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. I ...

and

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and th ...

chemicals A chemical substance is a form of matter having constant chemical composition and characteristic properties. Some references add that chemical substance cannot be separated into its constituent elements by physical separation methods, i.e., wit ...

semiconductors A semiconductor is a material which has an electrical conductivity value falling between that of a conductor, such as copper, and an insulator, such as glass. Its resistivity falls as its temperature rises; metals behave in the opposite way. ...

biotechnology Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used b ...

, and other industries. It holds the

SK Group SK Group (Korean: SK그룹, 에스케이그룹) is the second largest South Korean chaebol behind Samsung Group. SK Group is composed of 186 subsidiaries and affiliates that share the SK brand name and the group's management culture, named SKMS ...

's major subsidiaries, including

SK Innovation SK Innovation Co., Ltd. () is an intermediate holding company of SK Group engaged in petroleum, alternative energy, and oil exploration. It runs its business through eight major subsidiaries, including SK Energy, SK Geo Centric, SK On, SK Enmove, ...

SK Telecom SK Telecom Co., Ltd. ( or ) is a South Korean wireless telecommunications operator and former film distributor and is part of the SK Group, one of the country's largest chaebols. It leads the local market with 50.5 percent share as of 2008. ...

, SKC, SK Networks, SK Materials, and SK Biopharmaceutical. The Business Division, SK Inc. C&C, provides

system integration System integration is defined in engineering as the process of bringing together the component sub- systems into one system (an aggregation of subsystems cooperating so that the system is able to deliver the overarching functionality) and ensuring ...

software design Software design is the process by which an agent creates a specification of a software artifact intended to accomplish goals, using a set of primitive components and subject to constraints. Software design may refer to either "all the activity ...

and development,

information processing Information processing is the change (processing) of information in any manner detectable by an observer. As such, it is a process that ''describes'' everything that happens (changes) in the universe, from the falling of a rock (a change in posi ...

, and consulting services.

History

SK Holdings was established when

decided to reorganize South Korea's biggest refiner SK Corporation into a holding company structure after a high-profile battle with Dubai-based fund Sovereign Asset Management in 2003. Although Sovereign failed to oust fraud-convicted chairman

Chey Tae-won Chey Tae-won (born December 3, 1960), also known by his English name Anthony Chey, is a South Korean business magnate. He is the chairman of SK Group, Korea's second largest conglomerate that mainly engages in energy, chemicals, telecommunicati ...

, SK sought to increase transparency and corporate governance to prevent further pressures from activist shareholders. In 2007, SK Corporation was split into two entities, with

SK Energy SK Innovation Co., Ltd. () is an intermediate holding company of SK Group engaged in petroleum, alternative energy, and oil exploration. It runs its business through eight major subsidiaries, including SK Energy, SK Geo Centric, SK On, SK Enmove, ...

inheriting the core business and SK Holdings serving as a holding firm with stakes in various affiliates of the SK Group conglomerate. Despite the reorganization, consistent concerns had been raised over the unstable structure of corporate governance. Although SK Holdings was a holding company, SK's information technology service provider SK C&C controlled the group through its 31.8 percent stake in SK Holdings. Accordingly, SK merged SK Holdings and SK C&C to streamline its management structure in 2015. The merger between two companies enabled group chairman Chey Tae-won and his related parties to hold more than a 30% stake in the new SK Holdings. It solidified their ownership compared to the pre-merger when Chey's stake in ex-SK Holdings was only 0.02 percent. In 2021, SK Holdings changed its name to SK Inc.

References

External links

* Companies listed on the Korea Exchange South Korean brands Information technology companies of South Korea Outsourcing companies CandC {{SouthKorea-company-stub

History

See also

References

External links