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SK Group has resolved to focus on the fundamentals of management, grounded in thorough self-reflection, in order to regain the trust of stakeholders and strengthen its intrinsic competitiveness.
SK Group held a management strategy meeting on the 13th and 14th at the SKMS Research Institute in Icheon, Gyeonggi Province. Provided by SK Group
On June 15, SK Group announced that it had held a 'Management Strategy Meeting' attended by Chairman Chey Tae-won, Senior Vice Chairman Chey Jae-won, SUPEX Council Chairman Chey Chang-won, and around 20 CEOs of major affiliates, where this resolution was made. The meeting took place over two days, June 13 and 14, at the SKMS Research Institute in Icheon, Gyeonggi Province.
The SK leadership shared views on rapidly changing global circumstances and recent cyber breach incidents, as well as other internal and external crises. They agreed that overcoming these challenges requires returning to the 'essence of management' that provides greater value to customers and society, thereby restoring trust. The SK leadership stated, "The starting point for a new leap forward as a trusted SK lies in returning to the 'essence of management' through thorough self-reflection," and agreed that "this is not only the way to secure 'intrinsic competitiveness,' but also the surest way to continuously create value and earn society's trust."
Previously, in his New Year's address this year, Chairman Chey Tae-won described 'intrinsic competitiveness' as a fundamental and sustainable strength that does not waver in the face of external circumstances. He also emphasized the need to rapidly strengthen management fundamentals by applying operational improvements, which are the basics of management, across all areas. The SK leadership stated, "Neglecting the basics and principles of operations is the root cause of crises," and added, "Since customer trust is the very reason for SK Group's existence, we must return to the most fundamental questions and reexamine the core values that a company should prioritize."
Additionally, the SK leadership agreed on the need to find solutions and provide answers to stakeholders' questions and concerns, and to ensure responsible execution. They reviewed the achievements and limitations of portfolio rebalancing and operational improvements, and continued discussions on ways to strengthen 'intrinsic competitiveness.'
Since last year, SK Group has been carrying out portfolio rebalancing (business restructuring). To ensure survival and growth from a mid- to long-term perspective, rather than focusing on short-term profits, the group has been reorganizing overlapping businesses, internalizing high-quality assets, and maximizing synergies among future growth businesses to further enhance financial stability. Through these self-help measures, SK Group is pursuing large-scale investments in growth sectors such as the semiconductor value chain centered on SK hynix, AI infrastructure including data centers, and energy solutions, with the goal of contributing to the development of national core industries like artificial intelligence (AI) and advanced semiconductors.
At this management strategy meeting, the SK leadership also explored growth strategies centered on AI and ways to create synergy at the group level. The intention is to go beyond simple technological innovation and make AI the core axis of the group's future growth strategy, transforming both the business portfolio and management approach.
Finally, the SK leadership resolved, "Leaders will take the initiative to create a 'SUPEX pursuit environment' where members can demonstrate their ambition, and we will overcome the crisis together with unity of purpose." SUPEX (Super Excellent Level) is SK's management philosophy, which refers to the attitude of striving to reach higher levels through continuous effort and innovation.
An SK official stated, "The SK leadership has decided to further strengthen organizational execution so that the market and stakeholders can tangibly feel the group's real changes," and added, "Through this, we expect SK to regain trust and build a better future together with stakeholders."
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