SK Inc. () is the holding company of South Korea's

SK Group SK Group () is a South Korean multinational manufacturing and services conglomerate headquartered in Seoul. A chaebol (Korean family-owned conglomerate), SK Group is the second largest such conglomerate by revenue in South Korea, after Samsun ...

and is headquartered in

Seoul Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities b ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and t ...

. 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 chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring un ...

telecommunications Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...

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. In ...

and

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

chemicals A chemical substance is a unique form of matter with constant chemical composition and characteristic properties. Chemical substances may take the form of a single element or chemical compounds. If two or more chemical substances can be combin ...

semiconductors A semiconductor is a material with electrical conductivity between that of a conductor and an insulator. Its conductivity can be modified by adding impurities (" doping") to its crystal structure. When two regions with different doping levels ...

biotechnology Biotechnology is a multidisciplinary field that involves the integration of natural sciences and Engineering Science, engineering sciences in order to achieve the application of organisms and parts thereof for products and services. Specialists ...

, and other industries. It holds the

'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 , SK I ...

SK Telecom SK Telecom Co., Ltd., abbreviated as SKT ( 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 perce ...

, 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 of conceptualizing how a software system will work before it is implemented or modified. Software design also refers to the direct result of the design process the concepts of how the software will work which co ...

and

development Development or developing may refer to: Arts *Development (music), the process by which thematic material is reshaped * Photographic development *Filmmaking, development phase, including finance and budgeting * Development hell, when a proje ...

information processing In cognitive psychology, information processing is an approach to the goal of understanding human thinking that treats cognition as essentially Computing, computational in nature, with the mind being the ''software'' and the brain being the ''hard ...

, 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) is a South Korean billionaire businessman and the Chair (officer), chairman of SK Group, the country's second largest conglomerate, that includes 186 subsidiaries such as SK Telecom, SK Hynix, and SK Innov ...

, SK sought to increase transparency and corporate governance to prevent further pressures from

activist shareholders Shareholder activism is a form of activism in which shareholders use equity stakes in a corporation to put pressure on its management. A fairly small stake (less than 10% of outstanding shares) may be enough to launch a successful campaign. In co ...

. 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 , SK ...

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 Companies in the KOSPI 200 South Korean brands Information technology companies of South Korea Outsourcing companies CandC {{SouthKorea-company-stub

History

See also

References

External links