The chief executive officers of SK Group affiliates have agreed to ramp up efforts to bolster the conglomerate’s corporate value by swiftly carrying out rebalancing work to inspect and optimize businesses amid prolonged global management uncertainty. SK Group said Tuesday the latest decision came as top management agreed to bolster the corporate value-up drive at the April SK Supex Pursuit Council meeting held .
SK Group’s latest move to strengthen employee discipline has sparked speculation that the conglomerate may abandon the Happy Friday system, which allows employees to take a Friday off once or twice a month after working overtime on previous weekdays, according to industry officials, Friday.
SK Group, the country’s second-largest conglomerate, has carried out a complete reshuffle of its top leadership, with a new, younger generation of top executives taking the helm at key affiliates to tackle the ever-changing business environment. In its year-end executive reshuffle on Thursday, the chiefs of four major affiliates SK Supex Council Chairman Cho Dae-sik, SK Innovation Vice Chairman Kim Jun, SK C.
South Korea’s top four chaebol groups are gearing up to secure supply chain resilience and salvage their global businesses from the rising geopolitical uncertainties reshaping industrial dynamics. From expanding their public affairs organizations to hiring seasoned ex-government officials, the conglomerates are coming up with measures to minimize the impacts of increasingly protectionist policies around the wor.
Hyundai Motor Group has decided to hire Kim Il-bum, former presidential protocol secretary, as the head of its division handling government-related affairs, according to company officials, Tuesday. The company said it is in the process of recruiting Kim to strengthen its global external policy capabilities and support its activities related to the nationwide campaign to host World Expo 2030 in Busan.