SK Group may sell some of the assets held by its subsidiary SK Southeast Asia Investment in Vietnam and Malaysia to raise billions of dollars to cope with the economic downturn, according to foreign media reports.
SK Group is reported to have established a Southeast Asia investment company in Singapore in 2018. After the establishment of SK Southeast Asia Investment, SK Group has expanded significantly in Southeast Asia and turned to “profitability through asset sales.
An investment banking source noted that SK Group is not in a financial crisis, it is just trying to get money to prepare for the worsening economic situation.
The SK Group, which includes SK Hynix, SK Telecom, SK On and SK E&P, has businesses in the energy, telecommunications and semiconductors.
