SK to invest over $15b in R&D and staff

SK Group, the country’s third-largest conglomerate, said Monday it would increase its investments to 16.6 trillion won ($15.33 billion) this year, up 10 percent from 15.1 trillion won in 2012, in research and development as well as human resources management. Kim Chang-geun, chairman of SK’s top decision-making body SUPEX Council, also said the firm would also hire about 7,500 new employees, including experienced and high school graduates, in 2013.

The comments were made during his first meeting with reporters as the new chief of the nation’s No.3 conglomerate, who was appointed in December last year. SK is currently undergoing difficulties as its chairman Chey Tae-won is in jail after receiving a four-year sentence for embezzling corporate funds for stock investment.

For full article, see Korea Herald.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s