The first year of full-scale implementation of the four core businesses… Reorganization
“Consolidation of virtuous cycle structure through timely investment recovery”
[서울=뉴스핌] Reporter Ji-Hye Shim = SK Co., Ltd. set this year as the first year to fully implement four core businesses, including advanced materials, green, bio, and digital. It announced on the 24th that it will accelerate its evolution.
To this end, SK Corp. reorganized its investment portfolio to focus on the four core businesses and changed its name.
The existing’Investment 1 Center, 2 Center, 3 Center, I Cube Center’ has been changed to ▲Advanced Materials Investment Center ▲Green Investment Center ▲Bio Investment Center ▲Digital Investment Center.
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| [서울=뉴스핌] Reporter Ji-Hye Shim =SK Co., Ltd. announced that this year, SK Corp. is launching its four core businesses: advanced materials, green, bio, and digital. [사진=SK] 2021.01.24 [email protected] |
The Advanced Materials Investment Center, which is in charge of the semiconductor and battery material business, is committed to strengthening the portfolio focusing on high-value-added advanced materials through the recruitment of doctoral-level experts in chemistry and new materials and polymers and investments centered on core technology companies in order to proactively respond to the rapid growth of the market. I plan to focus.
The Green Investment Center secures new growth engines through eco-friendly energy solution projects such as new and renewable energy and energy saving business models, and is committed to responding to SK Group’s RE100.
Eco-friendly portfolio by continuously discovering new technologies and innovative businesses in the areas of sustainable alternative food business, recycling, and carbon dioxide (CO2) capture and utilization, which are becoming one of the growing trends in global environment, society, and governance (ESG) consumption trends. Strengthen.
SK Co., Ltd. has a strategy to accelerate the establishment of an eco-friendly hydrogen ecosystem through quick decision making with the hydrogen business promotion team under the direct control of the CEO. The hydrogen business promotion team is composed of 20 energy experts from affiliates such as SK E&S and SK Innovation, and has an average of over 15 years in energy business.
The Bio Investment Center is committed to securing business capabilities ranging from synthetic new drugs to new bio drugs, focusing on new drug development and consignment production (CMO).
Innovative new drug businesses such as US biotechnology company Roivant and ongoing target protein degradation drugs will also be strengthened.
Starting with Yposkesi, a French gene therapy CMO company that is currently undertaking an acquisition, SK Corp. plans to expand into a high-growth bio CMO to become a global leading CMO encompassing synthesis and bio.
The digital investment center aims to preoccupy future promising areas by targeting the emerging tech market, which is emerging as a global new technology trend such as AI and autonomous driving.
It will also expand eco-friendly mobility business and strengthen digital capabilities in the infrastructure field. Including ESR, a global logistics infrastructure company, the Pro Data Group, a global data center operator, and Korea Cryogenic, a cryogenic cold chain company that utilizes eco-friendly LNG cooling and heat, will continue to expand.
SK Co., Ltd. plans to create an investment ecosystem unique to SK Co., Ltd. as an investment platform by actively attracting capital, technology, and investment capabilities of various external partners who share the will in the process of fostering the four core business. At the same time, it will maximize investment performance through timely return on investment and solidify a virtuous investment cycle system in which the realized profit is reinvested in future growth businesses.
SK CEO Jang Dong-hyun said, “This year will be a meaningful year to put SK’s financial story into action through full-scale promotion of the four core businesses.” We will create attractive corporate values that give empathy and trust while communicating more actively.”