SK Group, CEO seminar chaired by Taewon Choi... AI strategy/rebalancing performance discussion

SK Group will hold a CEO seminar chaired by Chairman Chey Tae-won to discuss next year's artificial intelligence (AI) strategy and follow-up performance of business reorganization.

According to the business world on the 11th, SK Group will hold a CEO seminar at the SKMS Research Center in Icheon, Gyeonggi-do from the 12th to the 14th, attended by executives from major affiliates, including Chairman Tae-won Choi, Executive Vice Chairman Jae-won Choi, and Chairman Chang-won Choi of the SK Supex Pursuit Council.

The seminar, which consists of internal presentations, discussions, and external lectures, is an opportunity to discuss the group's major issues and business strategies for next year.

Continuing from last year, artificial intelligence (AI) business strategy and synergy between affiliates are expected to be key topics this year.

It is expected to focus on maximizing synergy between semiconductor businesses such as SK Hynix's high bandwidth memory (HBM), which are being promoted at the group level, SK Telecom's AI data center business, and SK Innovation's AI energy business.

As market doubts about continued investment in AI infrastructure are growing due to the Democratic Party's recent victory in the U.S. midterm elections, it is expected that changes in demand in the memory market next year and the resulting business outlook will be closely examined.

The follow-up tasks of business rebalancing and operational improvement (O/I), which have been continuously pursued since Chairman Choi Chang-won took office, are also considered major agenda items.

In response to global economic uncertainty, SK Group has sold non-core assets, reduced the number of subsidiaries, and continued to select and focus on core areas with high growth potential.

This year, business reorganization was carried out, including the sale of SK Co., Ltd.'s stake in SK Siltron and the merger of SK Innovation with SK IE Technology.

With major rebalancing completed, it is expected that there will be intensive discussions on ways to generate full-scale results.

There is also a possibility that SK Eco Plant's AI infrastructure construction business strategy, which SK Corporation recently decided to pursue to become a full subsidiary, will be materialized.

Meanwhile, new executives who joined the company through a presidential appointment last month will also attend this seminar.

Last month, SK Group reorganized its energy management team by appointing Jeong Seung-il, president of SK Corporation's future growth department, as CEO of SK Innovation.

As oil price volatility and the global economic slowdown due to the war in the Middle East are expected to continue next year, the reorganization of the petrochemical structure, the expansion of SK On's energy storage system (ESS) orders, and the advancement of liquefied natural gas (LNG) power generation and power solutions are expected to be comprehensively addressed.