SK Group
Encyclopedia
SK Group is the third largest conglomerate
(Chaebol
) in South Korea
. The SK Group is composed of 92 subsidiary and affiliate companies that share the SK brand and culture.
It changed its name from Sunkyoung Group (Korean
: 선경그룹) to SK in 1997.
SK Holdings ranked 72nd in the 2009 Fortune Global 500
. SK Group has more than 30,000 employees who work from 113 offices worldwide. While its business mainly based on chemical, petroleum
and energy
industries, it also provides services in construction
, shipping
, marketing
, local telephone
, mobile phone
, high-speed Internet
, and wireless broadband service WiBro
.
s SK Group's chairmanship was 'inherited' from father to son: from its founder the late Chey John-hyun to its present chairman Chey Tae-won (eldest son). Che Tae-won is married to the daughter of the former South Korean President Roh Tae-woo
.
SK Group began when the current founders acquired Sunkyung Textiles in 1953. In 1958, the company manufactured Korea's first polyester
fiber on company grounds. It established Sunkyung Fibers Ltd. in July 1969, and started to produce original yarn. In 1973, SK then established Sunkyong Oil, beginning a vertical integration strategy to manage production, "From Petroleum to Fibers”. That same year, the company acquired the Walkerhill Hotel.
In 1976, Sunkyung Corporation received an international trading company license from the Korean government. In December 1980 SK purchased privately-run Korea National Oil, making it Korea’s fifth largest conglomerate
.
In January 1988, crude oil was imported for processing to Korea from Yemen
’s Marib oil field.
In June 1994, SK entered Korea’s telecommunications business by becoming Korea Mobile Telecommunication Service's largest shareholder. In January 1996, SK Telecom launched Korea’s first commercial CDMA cellular phone service in Incheon
and Bucheon
.
In 2002, SK Telecom successfully launched the world’s first commercial CDMA 1X EV-DO technology, allowing it to offer 3G
telecommunications service. In 2004, SK Telecom enabled satellite DMB
service by deploying the world’s first DMB satellite. Moreover, in 2006, SK began revitalizing the 3.5-generation mobile phone market and in the following year, completed the construction of the national HSDPA network. In May 2006, SK Telecom started the world’s first commercial 3.5-generation HSDPA service, featuring high-quality video telephony and data transmission, and global roaming access.
In 1998, Management re-branded Sunkyong to SK. In 1999, SK Chemicals developed third-generation (non cross resistant) platinum-complex anti-cancer agent. Also, by focusing its research and development efforts on life sciences, SK Corporation developed YKP1358, a new drug candidate for schizophrenia
, in 2003.
In 2005, SK Networks opened China's first two wholly foreign-owned, gas stations in Shenyang. Then, after exploring Brazilian mining area BM-C-8, SK Corporation developed an oil field where it confirmed the existence of more than 50 million barrels of oil deposits.
SK Gas began developing resources overseas when it participated in two mining areas to the west of Russia’s Kamchatka peninsula in March 2006. In early 2006, SK Networks also developed Ecol-Green, a biodegradable plastic
material. Incheon Oil officially started operations using the SK name in March 2006. SK Energy is currently engaged in 27 oil fields in 15 countries worldwide
SKC imported propylene oxide
(PO, a chemical used in manufacturing polyurethane
) production technology from Germany
in May 2006. It is scheduled to produce 100,000 tons of PO from 2008.
At the end of 2005, SK Corp. developed a lithium ion battery separator (LiBS) for the first time in Korea, and started selling the product in 2006. In July 2007, SK Group adopted a holding company structure.
Under the re-organization, SK’s main entity, SK Corporation, was split into an investment company, now SK Holdings and an operating company, now SK Energy. The subsidiary companies that now operate under the central SK Holdings umbrella include: SK Energy, SK Telecom, SK Networks, SKC, SK E&S, SK Shipping and K Power
, SKC, SK Chemical, SK C&C, SK Networks, SK Gas, and SK Securities. SK Telecom’s ADRs are also listed on the New York Stock Exchange.
and Hyundai
electric vehicle
s.
, SK Broadband, SK Networks, SK M&C, SKC, SK E&S, SK Shipping, SK telink, K-Power, SK C&C
and SK Wyverns
.
SKC (Korean
: SKC or 에스케이씨), headquartered in Seocho-dong
Seocho-gu
Seoul
, is the leading Korean company in chemical and film industry. SKC was founded and established in 1976 as previous name of "Sunkyung Chemicals Ltd" (Korean
: 선경화학 (주)), which was a successor of "Sunkyung Textiles" (Korean
: 선경합섬), the matrix for the SK Group nowadays. SKC is one of the best polyester film makers in the world, supplying 10% of worldwide demands with its own brand called "Skyrol". With its main plant and R&D center located in Suwon
, South Korea
, it also operates large capacity of film plant in Georgia
, USA. SKC is now developing into one of the leading companies dealing with a variety of eco-friendly, advanced materials for the future energy and chemical industries such as biodegradable films, LED and photovoltaic materials.
SK Energy and SK Innovation (Korean
: SK 에너지 or 에스케이 에너지 and SK 이노베이션 or 에스케이 이노베이션) 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. In 2011, Petroleum and chemical business spun off. The former is 'SK Energy' and the latter is 'SK Innovation' ‘SK energy’ Founded in 1962 as Korea’s first oil refiner, SK Energy is an energy and petrochemical company with 5,000 employees, KRW 23.65 trillion in sales and 26 offices spanning the globe. The company is 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 is currently engaged in exploration and development activities in 26 oil / gas blocks in 14 nations worldwide.
SK Telecom
(Korean
: SK 텔레콤 or 에스케이 텔레콤) is a South Korea
n company specialising in offering mobile phone services, wired and wireless combined services. It is part of the SK Group and has evolved from a first-generation analog cellular system operator to become the company that launched the world's first commercial CDMA service. SK Telecom moved on to operate Korea's first 2.5-G CDMA 2000 1X system, followed by the world's first commercial 3-G synchronized cellur system. SK Telecom also launched the world's first 3.5-G HSDPA and SHUPA services.
SK Constructions Co, Ltd.' (Korean
: SK 건설 or 에스케이 건설) is a Korean construction
company founded and established in 1977 as previous name is Sunkyung Constructions (Korean
: 선경 건설), headquartered in Gwanhun-dong
Jongno-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 Holdings (Korean
: SK 주식회사 or 에스케이 주식회사) is a South Korea
enterprise.
As of July 1, 2007, SK Corporation was reorganized into a holding company and operating company, SK Holdings and SK Energy, respectively. SK Holdings 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 88 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, with more than 25,000 employees who work from 113 offices worldwide.
SK Telink (Korean
: SK 텔링크 or 에스케이 텔링크 주식회사) is a subsidiary of SK Telecom, was established in April 1998 as an international telephony service provider and has grown into a major player in the international calling market. Under the brand name 00700, the company provides international call services. Building on the commercial long-distance telephony and value-added services launched in 2005, the company began offering Korean SMS in June 2006 in the U.S. The service allows subscribers to send and receive Korean text messages in the U.S., as well as to and from Korea. From 2008 on, SK Telink also started e-Learning service(Giving Lectures to customers through the internet) and Foreign Language Test service "BULATS". BULATS is being used as a main English speaking test for the most of SK Group subsidiaries.
SK Marketing & Company (Korean
: SK 마케팅 & 컴퍼니 or 에스케이 마케팅 & 컴퍼니) is a marketing and management company of SK Group. The company mainly derived from the marketing teams from SK Energy and SK Telecom. It was established on April 4, 2008. The company accounts for several services which were previously provided by SK Energy and SK Telecom, such as the OK Cashbag from SK Energy and the Gifticon service from SK Telecom. They also hold a subsidiary "Ofelis", which is a wedding consulting company.
SK C&C SK C&C is one other subsidiary / group company of the SK Group. This organization unit was established in early 1990 with a clear aim to be one of the Top IT Products, Services & Consulting company. SK C&C has business interests across IT Services and Products and command a respectable position in the global IT arena across multiple Industries including Telecom, Banking & Finance, Government, Public, Logistics and etc. In the product portfolio it has IT Products like nVIOS - an end to end OSS/BSS product suite geared for the next generation of the Telco requirements, xMAS and other stuff.They also specializes in Mobile Commerce products.
SK Wyverns (Korean
: SK 와이번스) is baseball team in KBO.
On April 7, 2008, SK Group launched a marketing and management company named "SK Marketing & Company" to pursue Chairman Tae-won Chey's vision.
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
(Chaebol
Chaebol
Chaebol refers to a South Korean form of business conglomerate. They are global multinationals owning numerous international enterprises. The term is often used in a context similar to that of the English word "conglomerate"...
) in South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
. The SK Group is composed of 92 subsidiary and affiliate companies that share the SK brand and culture.
It changed its name from Sunkyoung Group (Korean
Korean language
Korean is the official language of the country Korea, in both South and North. It is also one of the two official languages in the Yanbian Korean Autonomous Prefecture in People's Republic of China. There are about 78 million Korean speakers worldwide. In the 15th century, a national writing...
: 선경그룹) to SK in 1997.
SK Holdings ranked 72nd in the 2009 Fortune Global 500
Fortune Global 500
The Fortune Global 500 is a ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by Fortune magazine....
. SK Group has more than 30,000 employees who work from 113 offices worldwide. While its business mainly based on chemical, petroleum
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
and energy
Energy
In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...
industries, it also provides services in construction
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
, shipping
Shipping
Shipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...
, marketing
Marketing
Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
, local telephone
Telephone
The telephone , colloquially referred to as a phone, is a telecommunications device that transmits and receives sounds, usually the human voice. Telephones are a point-to-point communication system whose most basic function is to allow two people separated by large distances to talk to each other...
, mobile phone
Phone
Within phonetics, a phone is:* a speech sound or gesture considered a physical event without regard to its place in the phonology of a language* a speech segment that possesses distinct physical or perceptual properties...
, high-speed Internet
Internet
The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...
, and wireless broadband service WiBro
WiBro
WiBro is a wireless broadband Internet technology developed by the South Korean telecoms industry. WiBro is the South Korean service name for IEEE 802.16e international standard...
.
History
As with many other ChaebolChaebol
Chaebol refers to a South Korean form of business conglomerate. They are global multinationals owning numerous international enterprises. The term is often used in a context similar to that of the English word "conglomerate"...
s SK Group's chairmanship was 'inherited' from father to son: from its founder the late Chey John-hyun to its present chairman Chey Tae-won (eldest son). Che Tae-won is married to the daughter of the former South Korean President Roh Tae-woo
Roh Tae-woo
Roh Tae-woo , is a former ROK Army general and politician. He was the 13th president of South Korea .Roh befriended Chun Doo-hwan while in high school in Daegu. In his younger life, Roh was a keen rugby union player....
.
SK Group began when the current founders acquired Sunkyung Textiles in 1953. In 1958, the company manufactured Korea's first polyester
Polyester
Polyester is a category of polymers which contain the ester functional group in their main chain. Although there are many polyesters, the term "polyester" as a specific material most commonly refers to polyethylene terephthalate...
fiber on company grounds. It established Sunkyung Fibers Ltd. in July 1969, and started to produce original yarn. In 1973, SK then established Sunkyong Oil, beginning a vertical integration strategy to manage production, "From Petroleum to Fibers”. That same year, the company acquired the Walkerhill Hotel.
In 1976, Sunkyung Corporation received an international trading company license from the Korean government. In December 1980 SK purchased privately-run Korea National Oil, making it Korea’s fifth largest conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
.
In January 1988, crude oil was imported for processing to Korea from Yemen
Yemen
The Republic of Yemen , commonly known as Yemen , is a country located in the Middle East, occupying the southwestern to southern end of the Arabian Peninsula. It is bordered by Saudi Arabia to the north, the Red Sea to the west, and Oman to the east....
’s Marib oil field.
In June 1994, SK entered Korea’s telecommunications business by becoming Korea Mobile Telecommunication Service's largest shareholder. In January 1996, SK Telecom launched Korea’s first commercial CDMA cellular phone service in Incheon
Incheon
The Incheon Metropolitan City is located in northwestern South Korea. The city was home to just 4,700 people when Jemulpo port was built in 1883. Today 2.76 million people live in the city, making it Korea’s third most populous city after Seoul and Busan Metropolitan City...
and Bucheon
Bucheon
Bucheon is a city in Gyeonggi Province, South Korea. It is sandwiched between Incheon and Seoul. Manufacturing operations are located in the city.Bucheon promotes itself as the cultural centre of the Seoul Metropolitan Area...
.
In 2002, SK Telecom successfully launched the world’s first commercial CDMA 1X EV-DO technology, allowing it to offer 3G
3G
3G or 3rd generation mobile telecommunications is a generation of standards for mobile phones and mobile telecommunication services fulfilling the International Mobile Telecommunications-2000 specifications by the International Telecommunication Union...
telecommunications service. In 2004, SK Telecom enabled satellite DMB
Digital Multimedia Broadcasting
Digital Multimedia Broadcasting is a digital radio transmission technology developed in South Korea as part of the national IT project for sending multimedia such as TV, radio and datacasting to mobile devices such as mobile phones...
service by deploying the world’s first DMB satellite. Moreover, in 2006, SK began revitalizing the 3.5-generation mobile phone market and in the following year, completed the construction of the national HSDPA network. In May 2006, SK Telecom started the world’s first commercial 3.5-generation HSDPA service, featuring high-quality video telephony and data transmission, and global roaming access.
In 1998, Management re-branded Sunkyong to SK. In 1999, SK Chemicals developed third-generation (non cross resistant) platinum-complex anti-cancer agent. Also, by focusing its research and development efforts on life sciences, SK Corporation developed YKP1358, a new drug candidate for schizophrenia
Schizophrenia
Schizophrenia is a mental disorder characterized by a disintegration of thought processes and of emotional responsiveness. It most commonly manifests itself as auditory hallucinations, paranoid or bizarre delusions, or disorganized speech and thinking, and it is accompanied by significant social...
, in 2003.
In 2005, SK Networks opened China's first two wholly foreign-owned, gas stations in Shenyang. Then, after exploring Brazilian mining area BM-C-8, SK Corporation developed an oil field where it confirmed the existence of more than 50 million barrels of oil deposits.
SK Gas began developing resources overseas when it participated in two mining areas to the west of Russia’s Kamchatka peninsula in March 2006. In early 2006, SK Networks also developed Ecol-Green, a biodegradable plastic
Biodegradable plastic
Biodegradable plastics are plastics that will decompose in natural aerobic and anaerobic environments. Biodegradation of plastics can be achieved by enabling microorganisms in the environment to metabolize the molecular structure of plastic films to produce an inert humus-like material that is...
material. Incheon Oil officially started operations using the SK name in March 2006. SK Energy is currently engaged in 27 oil fields in 15 countries worldwide
SKC imported propylene oxide
Propylene oxide
Propylene oxide is an organic compound with the molecular formula CH3CHCH2O. This colourless volatile liquid is produced on a large scale industrially, its major application being its use for the production of polyether polyols for use in making polyurethane plastics...
(PO, a chemical used in manufacturing polyurethane
Polyurethane
A polyurethane is any polymer composed of a chain of organic units joined by carbamate links. Polyurethane polymers are formed through step-growth polymerization, by reacting a monomer with another monomer in the presence of a catalyst.Polyurethanes are...
) production technology from Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
in May 2006. It is scheduled to produce 100,000 tons of PO from 2008.
At the end of 2005, SK Corp. developed a lithium ion battery separator (LiBS) for the first time in Korea, and started selling the product in 2006. In July 2007, SK Group adopted a holding company structure.
Under the re-organization, SK’s main entity, SK Corporation, was split into an investment company, now SK Holdings and an operating company, now SK Energy. The subsidiary companies that now operate under the central SK Holdings umbrella include: SK Energy, SK Telecom, SK Networks, SKC, SK E&S, SK Shipping and K Power
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 TelecomSK Telecom
SK Telecom Co., Ltd. or Sunkyoung Telecom is a South Korean wireless telecommunications operator, controlled by the SK Group, one of the country's largest chaebol. As a part of SK Group, SK stands for Sun Kyung.SK Telecom is a provider of mobile service in Korea, with 50.5% of the market share as...
, SKC, SK Chemical, SK C&C, 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. SK Energy produces batteries for CT&TCT&T United
CT&T United is the world's largest manufacturer of battery electric vehicles including the eZone Medium Speed Vehicle and cZone low-speed vehicle based in South Korea...
and Hyundai
Hyundai
Hyundai ) is a global conglomerate company, part of the Korean chaebol, that was founded in South Korea by one of the most famous businessmen in Korean history: Chung Ju-yung...
electric vehicle
Electric vehicle
An electric vehicle , also referred to as an electric drive vehicle, uses one or more electric motors or traction motors for propulsion...
s.
Subsidiaries
The subsidiary companies that now operate under the central SK Corporation holdings umbrella include: SK E&C, SK Energy, SK TelecomSK Telecom
SK Telecom Co., Ltd. or Sunkyoung Telecom is a South Korean wireless telecommunications operator, controlled by the SK Group, one of the country's largest chaebol. As a part of SK Group, SK stands for Sun Kyung.SK Telecom is a provider of mobile service in Korea, with 50.5% of the market share as...
, SK Broadband, SK Networks, SK M&C, SKC, SK E&S, SK Shipping, SK telink, K-Power, SK C&C
SK C&C
-Company Overview:SK C&C is a total IT services provider that was established in 1991. The company offers services such as IT consulting, outsourcing, system integration, and system maintenance & repair to just about every sector of industry, including finance, communication/media, energy/chemical,...
and SK Wyverns
SK Wyverns
SK Wyverns Baseball Club is a South Korean professional baseball team founded in 2000. Based in Incheon, they play their home games at Munhak Baseball Stadium.Their current manager is Man Soo Lee .-History:...
.
SKC (Korean
Korean language
Korean is the official language of the country Korea, in both South and North. It is also one of the two official languages in the Yanbian Korean Autonomous Prefecture in People's Republic of China. There are about 78 million Korean speakers worldwide. In the 15th century, a national writing...
: SKC or 에스케이씨), headquartered in Seocho-dong
Seocho-dong
Seocho-dong is a dong, or neighborhood of the Seocho-gu district of the South Korean city of Seoul. The main street is Teheranno.-Transportation:* Gangnam Station * Seocho Station -External links:**...
Seocho-gu
Seocho-gu
Seocho-gu is a gu of Seoul, South Korea. It is a popular residential area for the mid- or upper-class residents in Seoul and home to the Supreme Court and the Supreme Prosecutors' Office. Seocho Samsung Town in Seocho-dong, near Gangnam Station, is the headquarter of the several corporations of the...
Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...
, is the leading Korean company in chemical and film industry. SKC was founded and established in 1976 as previous name of "Sunkyung Chemicals Ltd" (Korean
Korean language
Korean is the official language of the country Korea, in both South and North. It is also one of the two official languages in the Yanbian Korean Autonomous Prefecture in People's Republic of China. There are about 78 million Korean speakers worldwide. In the 15th century, a national writing...
: 선경화학 (주)), which was a successor of "Sunkyung Textiles" (Korean
Korean language
Korean is the official language of the country Korea, in both South and North. It is also one of the two official languages in the Yanbian Korean Autonomous Prefecture in People's Republic of China. There are about 78 million Korean speakers worldwide. In the 15th century, a national writing...
: 선경합섬), the matrix for the SK Group nowadays. SKC is one of the best polyester film makers in the world, supplying 10% of worldwide demands with its own brand called "Skyrol". With its main plant and R&D center located in Suwon
Suwon
Suwon is the provincial capital of Gyeonggi-do, South Korea. A major city of over a million inhabitants, Suwon lies approximately south of Seoul. It is traditionally known as "The City of Filial Piety"....
, South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
, it also operates large capacity of film plant in Georgia
Georgia (U.S. state)
Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...
, USA. SKC is now developing into one of the leading companies dealing with a variety of eco-friendly, advanced materials for the future energy and chemical industries such as biodegradable films, LED and photovoltaic materials.
SK Energy and SK Innovation (Korean
Korean language
Korean is the official language of the country Korea, in both South and North. It is also one of the two official languages in the Yanbian Korean Autonomous Prefecture in People's Republic of China. There are about 78 million Korean speakers worldwide. In the 15th century, a national writing...
: SK 에너지 or 에스케이 에너지 and SK 이노베이션 or 에스케이 이노베이션) is a South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
enterprise
Company
A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...
. 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. In 2011, Petroleum and chemical business spun off. The former is 'SK Energy' and the latter is 'SK Innovation' ‘SK energy’ Founded in 1962 as Korea’s first oil refiner, SK Energy is an energy and petrochemical company with 5,000 employees, KRW 23.65 trillion in sales and 26 offices spanning the globe. The company is 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 is currently engaged in exploration and development activities in 26 oil / gas blocks in 14 nations worldwide.
SK Telecom
SK Telecom
SK Telecom Co., Ltd. or Sunkyoung Telecom is a South Korean wireless telecommunications operator, controlled by the SK Group, one of the country's largest chaebol. As a part of SK Group, SK stands for Sun Kyung.SK Telecom is a provider of mobile service in Korea, with 50.5% of the market share as...
(Korean
Korean language
Korean is the official language of the country Korea, in both South and North. It is also one of the two official languages in the Yanbian Korean Autonomous Prefecture in People's Republic of China. There are about 78 million Korean speakers worldwide. In the 15th century, a national writing...
: SK 텔레콤 or 에스케이 텔레콤) is a South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
n company specialising in offering mobile phone services, wired and wireless combined services. It is part of the SK Group and has evolved from a first-generation analog cellular system operator to become the company that launched the world's first commercial CDMA service. SK Telecom moved on to operate Korea's first 2.5-G CDMA 2000 1X system, followed by the world's first commercial 3-G synchronized cellur system. SK Telecom also launched the world's first 3.5-G HSDPA and SHUPA services.
SK Constructions Co, Ltd.' (Korean
Korean language
Korean is the official language of the country Korea, in both South and North. It is also one of the two official languages in the Yanbian Korean Autonomous Prefecture in People's Republic of China. There are about 78 million Korean speakers worldwide. In the 15th century, a national writing...
: SK 건설 or 에스케이 건설) is a Korean construction
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
company founded and established in 1977 as previous name is Sunkyung Constructions (Korean
Korean language
Korean is the official language of the country Korea, in both South and North. It is also one of the two official languages in the Yanbian Korean Autonomous Prefecture in People's Republic of China. There are about 78 million Korean speakers worldwide. In the 15th century, a national writing...
: 선경 건설), headquartered in Gwanhun-dong
Gwanhun-dong
Gwanhun-dong is a dong, neighbourhood of Jongno-gu in Seoul, South Korea. It is a legal dong governed under its administrative dong , Jongno 1, 2, 3, 4 ga-dong....
Jongno-gu
Jongno-gu
Jongno-gu is a gu, or district, in central Seoul, South Korea. It takes its name from a major local street, Jongno, which means "Bell Street". Jongno-gu has been the center of the city for 600 years, since where the Joseon dynasty established its capital city...
Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...
, South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
. 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 Holdings (Korean
Korean language
Korean is the official language of the country Korea, in both South and North. It is also one of the two official languages in the Yanbian Korean Autonomous Prefecture in People's Republic of China. There are about 78 million Korean speakers worldwide. In the 15th century, a national writing...
: SK 주식회사 or 에스케이 주식회사) is a South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
enterprise.
As of July 1, 2007, SK Corporation was reorganized into a holding company and operating company, SK Holdings and SK Energy, respectively. SK Holdings 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 88 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, with more than 25,000 employees who work from 113 offices worldwide.
SK Telink (Korean
Korean language
Korean is the official language of the country Korea, in both South and North. It is also one of the two official languages in the Yanbian Korean Autonomous Prefecture in People's Republic of China. There are about 78 million Korean speakers worldwide. In the 15th century, a national writing...
: SK 텔링크 or 에스케이 텔링크 주식회사) is a subsidiary of SK Telecom, was established in April 1998 as an international telephony service provider and has grown into a major player in the international calling market. Under the brand name 00700, the company provides international call services. Building on the commercial long-distance telephony and value-added services launched in 2005, the company began offering Korean SMS in June 2006 in the U.S. The service allows subscribers to send and receive Korean text messages in the U.S., as well as to and from Korea. From 2008 on, SK Telink also started e-Learning service(Giving Lectures to customers through the internet) and Foreign Language Test service "BULATS". BULATS is being used as a main English speaking test for the most of SK Group subsidiaries.
SK Marketing & Company (Korean
Korean language
Korean is the official language of the country Korea, in both South and North. It is also one of the two official languages in the Yanbian Korean Autonomous Prefecture in People's Republic of China. There are about 78 million Korean speakers worldwide. In the 15th century, a national writing...
: SK 마케팅 & 컴퍼니 or 에스케이 마케팅 & 컴퍼니) is a marketing and management company of SK Group. The company mainly derived from the marketing teams from SK Energy and SK Telecom. It was established on April 4, 2008. The company accounts for several services which were previously provided by SK Energy and SK Telecom, such as the OK Cashbag from SK Energy and the Gifticon service from SK Telecom. They also hold a subsidiary "Ofelis", which is a wedding consulting company.
SK C&C SK C&C is one other subsidiary / group company of the SK Group. This organization unit was established in early 1990 with a clear aim to be one of the Top IT Products, Services & Consulting company. SK C&C has business interests across IT Services and Products and command a respectable position in the global IT arena across multiple Industries including Telecom, Banking & Finance, Government, Public, Logistics and etc. In the product portfolio it has IT Products like nVIOS - an end to end OSS/BSS product suite geared for the next generation of the Telco requirements, xMAS and other stuff.They also specializes in Mobile Commerce products.
SK Wyverns (Korean
Korean language
Korean is the official language of the country Korea, in both South and North. It is also one of the two official languages in the Yanbian Korean Autonomous Prefecture in People's Republic of China. There are about 78 million Korean speakers worldwide. In the 15th century, a national writing...
: SK 와이번스) is baseball team in KBO.
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.On April 7, 2008, SK Group launched a marketing and management company named "SK Marketing & Company" to pursue Chairman Tae-won Chey's vision.
See also
- ChaebolChaebolChaebol refers to a South Korean form of business conglomerate. They are global multinationals owning numerous international enterprises. The term is often used in a context similar to that of the English word "conglomerate"...
- Economy of South KoreaEconomy of South KoreaSouth Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by purchasing power parity , identifying it as one of the G-20 major economies. It is a high-income developed country, with a developed market, and is a member of OECD...
- List of Korea-related topics