SK Inc., South Korea's 2nd-largest conglomerate, plans restructuring after a $21B acquisition spree, resulting in a 170T won debt.

South Korea's 2nd-largest conglomerate, SK Inc., faces restructuring after a $21B acquisition spree, resulting in a 170T won ($123B) debt. Chairman Chey Tae-won meets with execs to discuss potential mergers, asset sales, and improving battery & biotech businesses. Investors expect the restructuring to boost stock price and financial position, following Chey's record-breaking divorce settlement.

June 28, 2024
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