SK Group Chairman's brother, Chey Jae-won, appointed as new head of SK Innovation to revive battery business.
SK Group Chairman Chey Tae-won's brother, Chey Jae-won, has been appointed as the new head of SK Innovation, a key affiliate of the conglomerate. This move follows SK On's sluggish performance in the electric vehicle market and is seen as an attempt by the Chairman to consolidate family control within the group. Chey Jae-won's new role may involve reviving SK On's battery business, with plans to invest 7.5 trillion won this year.
June 10, 2024
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