How will SK Networks use $617 million from sale of car rental unit? koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
SK Group initiated a sweeping top-level management overhaul, appointing younger executives to lead key affiliates in a strategic move to boost innovation amid persistent domestic and international business uncertainties, the company said on Thursday.
SK Group Chairman Chey Tae-won is expected to carry out a complete reform of the conglomerate’s top leadership this week, seeking a generational shift to handle uncertainties in the fast-changing market. According to industry sources on Monday, Chey asked four chief executives of the group's major affiliates SK Supex Council Chairman Cho Dae-sik, SK Innovation Vice Chairman Kim Jun, SK Corp. Vice Chairm.
SK chemicals is facing a growing protest from its unionized workers regarding its plan to sell the pharmaceutical business to a local private equity firm (PEF), Glenwood Private Equity, for about 600 billion won ($444 million), according to industry officials, Monday.
SK bioscience, a local vaccine developer and manufacturer, signed a contract manufacturing organization (CMO) agreement with global healthcare company MSD for the production of its next-generation Zaire Ebola vaccine, according to the company, Monday. MSD has been working with Hilleman Laboratories, an international nonprofit research organization, to develop a next-generation Zaire Ebola vaccine candidate.