It is said that mobile carrier SK Telecom Co.and other major SK Group units were ordered to cut C-suite jobs around the time of their annual executive reshuffles between November and December.SK Ecoplant Co., a construction engineering and waste management company, recently unloaded its entire stake in US-based lithium-ion battery recycling firm Ascend Elements Inc.to Seoul-based private equity firm SKS Private Equity for about $98 million.
In July, the company said it is seeking to absorb its two subsidiaries: Essencore Ltd., a semiconductor module producer and SK Materials Airplus Inc., an industrial gas supplier.In August, SKC Ltd., a chemicals materials producer, announced a merger with its biodegradable material subsidiaries, SK Leaveo and SK Tbmgeostone.SK Inc., the group's holding company, has put its wholly-owned specialty gas producer SK Specialty Co.up for sale to raise around 4 trillion won ($3 billion), according to sources in August.
South Korea’s energy-to-telecom conglomerate SK Group will hold an annual strategic meeting presided over by its Chairman Chey Tae-won from Oct.31 to Nov.2, around the time when its two energy units – SK Innovation Co.and SK E&S Co.– is slated to merge to create Asia’s largest energy company.
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