SK to focus on advanced materials, green energy, bio for 2021 investment

2021.01.25 14:49:07 | 2021.01.25 16:26:28

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SK Holdings Co., the holding entity of South Korea’s third largest conglomerate SK Group, on Sunday vows to focus its investment into advanced materials, green energy, biopharmaceuticals and digital capabilities this year.

SK Corp has changed its investment center names in line with its heightened focus.

The green investment center aims to expand green energy solution business using renewables for future growth and lead the group-wide environmental, social and corporate governance (ESD) drive by joining the global initiative “RE100” to achieve 100 percent renewable electricity. It also will explore business opportunities in sustainable alternative foods, recycling and carbon neutrality.

The advanced materials investment center will focus on its mainstay chipmaking business and battery materials business via the affiliated units like SK Siltron, SK Materials and SK Nexilis. It is planning to add more industry professionals and experts and expand stake investment to key technology firms as part of preemptive measures in the fast growing markets.

The key investment areas of biopharmaceuticals center are new drugs and contract manufacturing organization business. With SK Biopharmaceuticals and SK Pharmteco, SK targets to become a global leader in both development of novel drugs and contract manufacturing of pharmaceuticals.

With the digital investment center, SK aims to strengthen its capabilities in artificial intelligence, self-driving, eco-friendly mobility and infrastructure.

“SK will share the view for future growth with various persons of interest to create own corporate values, not just focusing on financial results,” said Jang Dong-hyun, CEO of SK Holdings.

SK Holdings shares rose 8.23 percent to close at 355,000 won ($322.08) on Monday.

By Han Woo-ram and Lee Ha-yeon

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