By Joyce Lee and Heekyong Yang
SEOUL (Reuters) – South Korea’s SK Group plans to hold a two-day strategy meeting starting Friday to discuss streamlining its business to focus on key areas including artificial intelligence, chips and batteries.
The group, best known for its chip firm SK Hynix, has become bloated over the past decade and its electric vehicle battery unit has lost billions of dollars.
Here is what’s known about the expected restructuring:
WHY AND HOW MIGHT SK TRY TO RESTRUCTURE ITS BUSINESSES?
South Korea’s second-largest conglomerate encompassed 219 companies as of May, the most…
