SK Inc. has embarked on portfolio rebalancing focused on future businesses such as semiconductor materials and artificial intelligence (AI) infrastructure. The goal is to enhance equity value through synergies between core future businesses by eliminating inefficiencies from redundant operations.
SK Inc. has decided to focus semiconductor materials and AI infrastructure businesses held by its internal independent companies, SK Materials and SK C&C, on SK Eco Plant and SK Broadband respectively.
On the 12th, SK Inc. decided to contribute its equity stakes in subsidiaries SK Trichem (65%), SK Rezo Nack (51%), and SK Materials J&C (51%) under its SK Materials CIC to SK Eco Plant as a contribution in kind. Regarding SK Materials Performance, in which it holds 100% equity, a comprehensive stock exchange will be conducted with SK Eco Plant.
SK Inc. anticipates that SK Eco Plant will strengthen its semiconductor materials sector following its construction business related to EPC (Engineering, Procurement, and Construction) and semiconductor recycling. Last year, SK Eco Plant also integrated Essencore and SK Air Plus, which operate in the semiconductor business, as its subsidiaries.
The board of directors of SK Inc. also approved a plan to sell the 30-megawatt (MW) Pangyo data center held by SK C&C to SK Broadband for about 500 billion won. With the acquisition of the Pangyo data center, SK Broadband has secured nine data centers, including those in Gasan, Seocho, and Ilsan.
An official from SK Inc. noted, "As the performance of the subsidiaries directly impacts the holding company's value, we will boldly integrate redundant businesses and derive synergies. In the future, we will proactively fulfill the role of a holding company to enhance corporate value by leading the growth of subsidiaries and strengthening financial soundness."