SK Group held the first Saturday presidents' meeting of the year and discussed reexamining its China business and win-win cooperation as key agenda items.
According to the industry on the 11th, SK SUPEX Council Chair Choi Chang-won attended the SK SUPEX Council Strategy Global Committee meeting held the previous day at the SK Gas headquarters in Pangyo, Gyeonggi Province, and discussed these matters.
SK Group has been steadily holding a Saturday meeting in the nature of a "presidents' meeting," attended by key group executives, every other week.
At the first meeting of the year on this day, attendees included Chair Choi, Vice Chair Seo Jin-woo, who oversees China; Jang Yong-ho, head president of SK Innovation; Ryu Young-sang, AI committee chair of the SK SUPEX Council; Yoon Poong-young, president in charge at the SK SUPEX Council; and Jung Jai-hun, president of SK Telecom.
Kwak Noh-jung, president of SK hynix, and Vice Chair Yoo Jeong-joon, who oversees the United States, who are on business trips in the United States, were said to have joined by video.
It is seen as a move to reexamine strategy for the Chinese market as South Korea–China relations enter a recovery phase, spurred by a recent summit.
Earlier, SK Group hired Park Sung-taek, former first vice minister of the Ministry of Trade, Industry and Energy, as the new president of SK China, the group's effective control tower for its China business. SK hynix operates DRAM and NAND flash plants in Wuxi and Dalian, respectively, and conducts semiconductor business in China.
Group-level selection and concentration plans were also discussed. They identified continued group-level rebalancing and productivity innovation as the most important issues this year. The plan is to accelerate operational improvements by combining artificial intelligence (AI), innovate productivity, and maintain competitiveness. Win-win cooperation measures to fulfill social responsibility were also discussed.
The SK SUPEX Council's "Strategy Global Committee," which had been held once a month on weekdays, began convening every other Saturday in 2024 under Chair Choi's initiative. It serves as a venue where key executives gather early every other Saturday morning to candidly discuss major pending issues.