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How will SK Networks use $617 million from sale of car rental unit?

How will SK Networks use $617 million from sale of car rental unit?
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SK reshuffles top management focusing on generational shift

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. ....

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Generational shift looms in SK leadership

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. ....

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Conflict intensifies over SK chemicals' plan to sell pharmaceutical unit

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. ....

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SK bioscience to produce MSD's Ebola vaccine candidate

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. ....

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