SEOUL, November 15 (AJP) - SK Group Chairman Chey Tae-won has called on the conglomerate to redefine itself as an AI company, expanding beyond semiconductors into infrastructure, energy and AI services, according to SK Group on Sunday.
Speaking at the group's annual CEO seminar held in Icheon from Thursday to Saturday, Chey urged executives to build an "AI flywheel" in which growth across interconnected businesses reinforces further expansion.
"We must break away from existing business frameworks and redefine ourselves as an AI company," Chey said, calling for closer integration of AI chips, data centers, energy and services.
Under the strategy, advances in AI semiconductors would drive the expansion of AI factories, generating greater demand for power infrastructure and AI services. That growth, in turn, would fuel further investment in advanced chips and computing infrastructure, creating a self-reinforcing cycle across SK hynix, SK Telecom and SK Innovation.
The group also agreed to pursue "Portfolio Rebalancing 2.0," a restructuring initiative aimed at strengthening core businesses, improving financial efficiency and directing resources toward future AI investments. The initiative follows an earlier restructuring drive focused on divesting noncore assets.
Executives also agreed to expand practical AI adoption across the group to improve productivity and profitability, building on initiatives such as SK hynix's AI-powered smart factories and SK Innovation's use of industrial data to optimize operations.
"Nobody can do everything alone in the AI era," Chey said, emphasizing the need for open collaboration with global partners to accelerate growth.
Candice Kim
Candice Kim is a dedicated business and technology reporter specializing in the intersection of high-tech innovation and fast-paced consumer trends. Her core beats span the semiconductor, IT, cosmetics, and retail sectors, where she provides in-depth coverage of industry titans including Samsung Electronics, SK hynix, and LG Electronics, alongside leading consumer brands like Olive Young and Musinsa. Whether analyzing complex silicon supply chains or tracking the latest shifts in beauty and fashion retail, Candice is committed to delivering sharp, accurate reporting that keeps readers informed on the forces shaping today's most dynamic markets.
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