The SK Group is speeding up restructurings of its subsidiaries. Through the choice and focus strategy, the group is decisively giving up business items overlapped among subsidiaries or poorly performing businesses while developing new business items that can be used as future growth engines. Analysts say that Deep Change emphasized by SK Group chairman Chey Tae-won, is coming true as innovation in corporate culture and business structure.
On February 2 this year, SK Networks decided to transfer its LPG charging business and tangible assets at charging stations to Pine Street Asset Management and SK Gas for 310.2 billion won (US$263.6 mllion). In the new business structure, SK Networks sells its directly operated 49 refueling stations to…
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