SK holdings

Dear customers and shareholders,

As an ‘investment-oriented holding company,’ SK holdings seeks to maximize the value of our portfolio. To achieve this ultimate goal, we not only explore and develop the future growth engines for SK Group but also nurture portfolio companies and optimize portfolio management.
While maintaining a steady stream of revenue generation in energy and ICT, we have strengthened competitiveness in new areas including bio·pharmaceutical and materials. At the same time, we have made seed investments in areas with high growth potential.

Expanding ‘New Growth’ Business and Generating Tangible Outcomes

In the bio·pharmaceutical business, we licensed out our independently developed new drug to the European market and won FDA approval to launch the drug in the US market. And in an effort to lay the foundation to grow our CMO business, we have consolidated three production networks in Korea, the United States and Europe. Our recent achievements include the investment in promising biotech companies equipped with innovative antibody development platforms, namely Hummingbird Bioscience and Harbour BioMed.
SK siltron and SK materials, acquired to strengthen our semiconductor value chain, have achieved an exponential growth both in revenue and operating profit since the acquisition. They certainly have grown to serve as one of SK’s growth pillars. In addition, SK siltron acquired the SiC wafer business, paving the way for strengthening our presence in the growing power semiconductor market – the key market for emerging sectors such as electric vehicle.
There is one more thing that cannot go unmentioned here – a remarkable achievement in seed investment. SK holdings had invested in ESR, a global logistics company, as we saw strong growth prospects in the logistics industry. With its IPO on the Hong Kong Stock Exchange, its corporate value doubled compared to two years ago when we first bought its shares. We will continue such investment effort to discover opportunities in promising areas.

Optimizing Business Portfolio and Maximizing Corporate Value

SK holdings is a holding company of SK Group, thus involving various businesses. In this sense, shaping an optimal portfolio structure is the most important task and the best way to maximize our corporate value. We will develop a long-term plan that takes into account all SK businesses, is efficient and flexible to respond to the rapidly changing business environment, and can win stakeholders’ support.

Sharing Value with Customers and Shareholders

SKMS is SK’s unique corporate culture and management system, and the SK brand is SK’s core intangible asset. In this sense, we shall advance SKMS and the value behind the SK brand. Building on our stable corporate governance, SK holdings will execute growth strategies and create jobs to share greater value with customers, shareholders and all stakeholders in our society. Your continued support will help us move forward.

Thank you.