SK Group, one of South Korea’s leading conglomerates, is set to secure a significant amount of funding for investments in artificial intelligence (AI) and semiconductor sectors. This move comes as the group aims to stay ahead of the curve in the fast-evolving technology landscape.
At a recent meeting held at the group’s research center in Icheon, SK Group Chairman Chey Tae-won and other top executives discussed plans to secure 80 trillion won (approximately $58 billion) by 2026. The group recognizes the importance of adapting to the new era of technological advancements and is committed to making substantial investments to drive future growth.
During the meeting, Chairman Chey emphasized the need for the group to proactively embrace change and strengthen its leadership in the AI value chain. With a focus on AI services and infrastructure, SK Group aims to position itself as a key player in the AI industry.
In addition to AI investments, the group’s core affiliate, SK hynix, plans to invest 103 trillion won by 2028 in high-bandwidth memory (HBM) chips for AI chipsets and related businesses. This move underscores SK Group’s commitment to solidifying its position in the semiconductor industry.
Furthermore, subsidiaries such as SK Telecom and SK Broadband will invest 3.4 trillion won in establishing AI data centers by 2028. These strategic investments reflect the group’s dedication to innovation and growth in key technology sectors.
The announcement of these investment plans comes amidst a legal dispute between Chairman Chey and his estranged wife, Roh Soh-yeong, regarding their divorce suit. Despite this, SK Group remains focused on driving technological advancements and securing its position as a leader in the global tech industry.
