Business Focus
SK networks is a company that prepares for the future to ensure the happiness of its customers. Differentiated products and services on top of the platform business structure will keep customers satisfied.
SK networks started out as Sunkyoung Textiles, the origin of the SK group, in 1953, and has been creating customer value in a variety of sectors including information and communications, trading, energy distribution and consumer goods industries for the past 58 years. SK networks consisted of 4 CIC (Company In Company) .
The T&I company is delivering an impressive performance by focusing on products with high value, such as chemicals, steel and energy, and making use of SK’s solid global network and organizational ability to develop new markets. The company is also searching for ways to evolve sustainably by developing platform-type growth opportunities as it invests in overseas resources development projects and plantation businesses.
The IM company stabilizes the distribution and export of mobile phones and systems equipment, additional mobile services and B2B solutions. It is also trying to become a comprehensive ICT marketer by unearthing new expansion opportunities in the ICT industry.
The E&C company is the leader of the domestic petroleum product market, and supplies petroleum products (gasoline, diesel, kerosene and LPG) at 3,700 gas stations and LPG stations allover Korea. The company also provides products and services that can maximize a car’s lifetime value from the moment of car sales (new car, used car, rental car) to maintenance (service, emergency
mobile service, remote diagnosis, car goods etc) and scrappage. The company plans to expand the Car-Life business across the entirety of China by using the car maintenance business as a launch pad. It is also expanding its business into the Life-Care industry, in sectors such as Leisure and Health.
The PM company focuses on businesses that offer luxury lifestyle products that please customers, such as fashion, consumer goods, real estate and wine.
SK networks plans to evolve its business structure into a platform that is based on the “4+6” growth model. It will enhance the performance of four existing and six new businesses in order to gain additional benefits from the synergy between them. SK networks will seek to continuously create products and services that exceed customer expectations, and be recognized for its true value in the global market.
Company History
1953. 04
Sunkyoung Textile Co. was founded (President : Jong-Kun Chey)
1967. 05
Introduced‘Georgette’, Korea’s first polyester product, to the market.
1973. 11
Chairman Jong-Hyun Chey was inaugurated
1976. 01
Merged Sunil Textiles Co., Ltd. and changed company name to Sunkyoung Co., Ltd.
1976. 11
Designated as a General Trading Company
1976. 11
Awarded for earning 100 million USD in exports
1977. 06
IPO and listing on the Korean Stock Exchange
1980. 12
Acquired Korea National Oil Corporation
1990. 05
Launched school uniform business (brand name : SMART)
1995. 07
The number of SK gas stations exceeded 3,000
1996. 09
The number of mobile telecommunications outlets exceeded 1,000
1998. 01
Changed CI to SK Global (SK Sangsa)
1999. 02
Merged ‘Speedmate’
1999. 12
Merged with SK Distribution Co., Ltd.
2000. 07
Merged with SK Energy sales and changed company name to SK Global Co.,Ltd.
2003. 08
Launched a premium casual brand ‘Tommy Hilfiger’
2003. 10
Changed CI to SK networks
2005. 09
Speedmate advanced into China and opened first shop in Shanghai
2005. 09
Founded a holding company in China
2006. 11
The sales of mobile phone terminals exceeded 50 million sets
2007. 11
Acquired Obzee Co., Ltd
2008. 01
Introduced CIC (Company in Company) system
2008. 05
Acquired equity of Northern Copper Industrials in China
2008. 12
SK networks’ annual exports exceeded 10 billion USD
2009. 01
Chang-Kyu Lee was inaugurated as the 10th president
2009.09
Introduction of the GHQ System and Opening of the China HQ and Indonesia HQ
2009.11
Declaration of Vision 2020
2009.12
Acquisition of Walker Hill Co., Ltd.