SK Group executives began a three-day meeting on the 12th to plan next year's business strategy.
According to industry sources, SK Group held a CEO seminar at the SKMS Research Institute in Icheon, Gyeonggi Province, and the meeting continued until the 14th.
About 50 senior managers attended, including Chairman Chey Tae-won, Vice Chairman Chey Jae-won, SK SUPEX Council Chairman Chey Chang-won, and the chief executives of major subsidiaries.
The three-day seminar included internal reports and discussion sessions, and also invited three to four external speakers, including Sendbird CEO John S. Kim. Sendbird is South Korea's first B2B software unicorn company.
Industry observers expect that, as was the case last year, AI strategy and synergies among subsidiaries will once again be core topics of the meeting.
The discussion is likely to focus on linking SK Hynix's semiconductor business, including high-bandwidth memory HBM, SK Telecom's AI data center business, and SK Innovation's energy infrastructure business in order to enhance market competitiveness.
SK Group aims to build a "full-stack AI service provider" and has established a complete value chain covering AI chips, data centers, energy, AI services, and AI transformation in industrial scenarios.
After the recent midterm election victory by the U.S. Democratic Party, doubts have grown in the market over whether AI infrastructure investment can continue, and the group will also focus on assessing changes in memory demand next year and the corresponding business outlook.
The follow-up implementation of business restructuring and operational improvement since Chey Chang-won took office is also a core topic.
In the face of global economic uncertainty, SK Group has sold non-core assets, streamlined the number of subsidiaries, and concentrated resources on core tracks with high growth potential.
This year the group further advanced restructuring: SK Inc. sold its stake in SK Siltron, and SK Innovation absorbed and merged with SK IE Technology.
As most of the business adjustment work has been completed, the focus of this seminar has shifted to how to deliver substantive performance results.
SK Inc. recently resolved to take full ownership of SK Ecoplant, and this company's AI infrastructure construction strategy is also expected to be refined and implemented at the meeting.
Executives newly appointed in last month's management personnel changes also attended this meeting.
SK Group previously transferred Jung Seung-il, president of SK Inc. in charge of future growth businesses, to become CEO of SK Innovation.
Affected by oil price volatility caused by Middle East conflicts and continued expectations of a global economic slowdown, the meeting agenda may also cover petrochemical business restructuring, expansion of SK On energy storage system orders, liquefied natural gas power generation, and upgrading power solutions.
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