Biggest shake-up in two decades looms for SK Inc


Chey Tae-won, billionaire and chairman of SK Group, speaks during the Nikkei Forum Future of Asia in Tokyo, Japan, on Thursday, May 23, 2024. The forum will continue through May 24. Photographer: Kiyoshi Ota/Bloomberg

SEOUL: SK Inc has a problem: the second-biggest conglomerate in South Korea is too big after a US$21bil acquisition spree.

Last Friday, chairman Chey Tae-won met top executives controlling US$240bil worth of assets, from an artificial intelligence (AI) chip supplier, to mobile carrier and battery maker.

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