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SK Group · Seoul South Korea

Company Description

99 Seorin-dong, Jongro-gu
Seoul
110-1-10
South Korea (Map)
Phone: +82-2-2121-5114
Fax: +82-2-2121-7009
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    SK Group, one of South Korea's top five chaebol (industrial conglomerates), covers a broad spectrum of businesses through its affiliates. The company has about 40 affiliated companies, with operations ranging from energy, telecommunications, finance, and construction. Its energy and chemical arm, SK Energy, is Korea's largest petroleum refiner. Like other chaebol under government orders to reorganize in the wake of the Korean financial collapse of the late-1990s, SK Group has pared down its affiliates. The slimmer SK Group is focusing on three core businesses: information and telecommunications (through SK Telecom), energy and chemicals (through SK Energy), and trading and services (SK Networks). To read the full description, subscribe now.
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    Key SK Group Financials

    Company TypeGroup

    Headquarters
    Fiscal Year-EndDecember

    SK Group Executives

    16 executives listed for SK Group's Seoul,  location.
    TitleName & BioContact
    Chairman and CEOChey Tae-WonNetwork
    EVP, SK TelecomYoung-Chan NamNetwork
    SVP Publice RelationsOh-Yong KwonNetwork

    Competition

    Competitive Landscape for SK Group
    Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.
    Top SK Group Competitors
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