SK Group

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SK

Type	Public
Founded	1962
Headquarters	Seoul, South Korea
Key people	Chey Tae-won, Chairman & CEO
Industry	Energy & Chemicals, Telecommunications, Trading & Services
Revenue	$ 75.8 billion (2006)
Employees	25,000
Website	http://www.sk.com

SK Group

Hangul	SK그룹, 에스케이그룹

SK Group (Hangul: SK그룹, 에스케이그룹) is the 3rd largest conglomerate (chaebol) in South Korea. The SK Group is composed of 56 affiliate companies that share the SK brand and culture. In 2006, SK Group recorded combined revenues of $75.8 billion, with exports contributing $26.4 billion of that total. SK Group has more than 25,000 employees who work from 113 offices worldwide. It changed its name from Sunkyung Group in 1997.

1 Core Businesses
2 Restructuring
3 Subsidiaries
4 Management system
5 External links
6 See also
7 References

Core Businesses

SK’s core businesses are energy and telecommunications. Eight SK companies are listed on the Korea Stock Exchange: SK Holdings, SK Energy, SK Telecom, SK Chemical, SKC, SK Networks, SK Gas, and SK Securities. SK Telecom’s ADRs are also listed on the New York Stock Exchange.

Restructuring

SK restructured in 2007. Under the re-organization, SK’s main entity, SK Corporation, was split into an investment company, now named SK Holdings, and an operating company, now named SK Energy.

Subsidiaries

The subsidiary companies that now operate under the central SK Corporation holdings umbrella include: SK Energy, SK Telecom, SK Networks, SKC, SK E&S, SK Shipping, and K Power. SK Energy (Hangul: SK에너지 or 에스케이에너지, KRX_S: 096770) is a South Korea enterprise. SK Energy is a newly formed entity of the former SK Corporation. As of July 1, 2007, SK Corporation was reorganized into a holding company and operating company, SK Holdings and SK Energy, respectively. Founded in 1962 as Korea’s first oil refiner, SK Energy is one of the world’s leading energy and petrochemical companies with 5,000 employees, KRW 23.65 trillion in sales and 26 offices spanning the globe. The company is strategically positioned as Korea’s largest – and Asia’s fourth largest – refiner with a refining capacity of 1.15 million barrels per day, as of 2006. SK Energy’s rapid growth in its business sectors – coupled with an expanding position in China – has helped position it as one of the most significant enterprises in Asia Pacific’s energy marketplace. SK Energy is currently engaged in exploration and development activities in 26 oil / gas blocks in 14 nations worldwide.^[1]^[2] SK Teletech was a South Korean company specialising in manufacturing mobile phone terminals. It is part of the SK Group and was established in 1998. Its brand name is "SKY". Its market is mainly domestic, but SK Teletech also has interests in Japan, Hong Kong, China, Europe, Australia, Taiwan, the United States, and Canada. The main technology to date has been CDMA but there are plans to expand into other areas. In December 2005, SK Teletech merged into Pantech Curitel, 3 months after news of a 60% stock purchase. Most of the current products sold under the SKY brand name are actually of its sister company "Pantech Curitel" and "Sky Electronics". The Pantech group has the second largest share of the domestic market for CDMA handset, ahead of LG Electronics. SK Constructions Co, Ltd.' (Hangul: SK건설 or 에스케이건설) is a Korean construction company founded and established in 1977 as previous name is Sunkyung Constructions (hangul: 선경건설 Hanja: 鮮京建設), headquartered in Gwanhun-dong Jongro-gu Seoul, South Korea. and as company of apartment brand is SK View, SK Hub, Apelbaum, at from apartment construction of Korea. the company CEO is Son Kwan Ho. Industries:Oil & Gas, Petrochemical, Power, Environmental Protection, Industrial, Civil, Building, Housing. Services:Feasibility Study, EPC Service, Project Management, Operations & Maintenance. SK Corporation (Hangul: SK주식회사 or 에스케이주식회사, KRX_S: 003600) is a South Korea enterprise. As of July 1, 2007, SK Corporation was reorganized into a holding company and operating company, SK Corporations= and SK Energy, respectively. SK Corporation is a part of the SK Group that focuses on 3 core business interests, Energy & Chemicals, Telecommunications, and Trading & Services. The SK Group is composed of 56 affiliate companies that share the SK brand and culture. In 2006, SK Group recorded combined revenues of $75.8 billion, with exports contributing $26.4 billion of that total. SK continues to expand its global presence, thanks to more than 25,000 employees who work from 113 offices worldwide.

Management system

SK's subsidiary companies all operate under the SK Management System (SKMS)which was developed, articulated and enhanced by SK’s Chairman, Tae-won Chey.