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Holding Company
BUSINESS PRODUCTS & SERVICES | Facilities
sk.com

Investments

48

Portfolio Exits

10

Funds

2

Partners & Customers

10

About SK Group

SK Group runs a multinational conglomerate operating in various sectors including manufacturing and services. The company invests in and nurtures businesses in areas such as electric vehicle batteries and charging technology, hydrogen energy and fuel cells, and pharmaceutical manufacturing and development. It primarily serves the automotive, energy, and pharmaceutical industries. It was formerly known as Sunkyong Group. It was founded in 1953 and is based in Seoul, South Korea.

Headquarters Location

26, Jong-ro, Jongno-gu

Seoul, 03188,

South Korea

82 02-2121-0114

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Latest SK Group News

US Semiconductor Subsidies Announcement Imminent: Samsung, SK Highlight Importance of Government Role

Feb 27, 2024

US Semiconductor Subsidies Announcement Imminent: Samsung, SK Highlight Importance of Government Role Print Editor Jasmine Choi 닫기 Minister of Trade, Industry and Energy Ahn Duk-geun (right) speaks during a meeting with CEOs of local semiconductor companies at the Korea Chamber of Commerce and Industry’s building in Seoul on Feb. 26. Samsung Electronics, SK hynix, and other major semiconductor firms have called for government attention and support in relation to the U.S. government’s impending subsidy payments. During a “Public-Private Semiconductor Strategy Meeting” held on the morning of Feb. 26 at the Korea Chamber of Commerce and Industry in the Jung district of Seoul, Kyung Kye-hyun, president of Samsung Electronics’ semiconductor division; Kwak No-jung, president of SK hynix; representatives of other semiconductor material companies; and Minister of Trade, Industry and Energy Ahn Duk-geun, shared the outlook for semiconductor exports and investments, as well as difficulties in domestic investment and export activities on a company-by-company basis. After the meeting, Kim Jeong-hoe, vice chairman of the Semiconductor Industry Association, met with reporters and stated, “Essentially, while companies apply for subsidies, the role of the government is also necessary. In that respect, companies have asked for a lot of interest from the government, and there has been dialogue indicating that the government is continuously paying attention to such a role.” According to industry sources, the U.S. Department of Commerce plans to share the latest update on the Chips Act (Semiconductor Support Act) soon and will announce plans for additional subsidy payments. Last week, the U.S. decided to grant approximately US$1.5 billion in semiconductor subsidies to its domestic foundry company, GlobalFoundries. There is a possibility that the support amounts for Samsung Electronics, which is building foundry plants in Taylor, Texas, and Arizona, and for Taiwan’s TSMC, will be disclosed in the upcoming announcement. However, due to the prioritization of domestic interests, it is speculated that Intel might receive up to US$10 billion in subsidies. Minister Ahn emphasized in the Global Trade Strategy Meeting held on the same day, “The global trade environment is in a very serious situation. The government will quickly grasp and share information, and will respond more intensively by utilizing the Global Trade Strategy Meeting as a platform.” He added, “The government is closely consulting through various channels on current issues such as U.S. semiconductor subsidies, Inflation Reduction Act tax credits, Foreign Entities of Concern, and the European Union’s Carbon Border Adjustment Mechanism.”

SK Group Investments

48 Investments

SK Group has made 48 investments. Their latest investment was in Wildtype as part of their Series B - II on November 24, 2022.

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SK Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/24/2022

Series B - II

Wildtype

$7M

Yes

5

10/18/2022

Series D

Swift Navigation

$100M

Yes

6

9/19/2022

PIPE - II

Signet EV

$263M

No

1

9/1/2022

Corporate Minority

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$99M

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10

8/24/2022

Corporate Minority - II

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$99M

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10

Date

11/24/2022

10/18/2022

9/19/2022

9/1/2022

8/24/2022

Round

Series B - II

Series D

PIPE - II

Corporate Minority

Corporate Minority - II

Company

Wildtype

Swift Navigation

Signet EV

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Amount

$7M

$100M

$263M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

5

6

1

10

10

SK Group Portfolio Exits

10 Portfolio Exits

SK Group has 10 portfolio exits. Their latest portfolio exit was Meatless Farm on June 21, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/21/2023

Asset Sale

$99M

5

8/22/2022

IPO

$99M

Public

3

6/23/2022

Reverse Merger

$99M

8

6/8/2022

Divestiture

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$99M

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10

12/2/2021

Reverse Merger

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$99M

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10

Date

6/21/2023

8/22/2022

6/23/2022

6/8/2022

12/2/2021

Exit

Asset Sale

IPO

Reverse Merger

Divestiture

Reverse Merger

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

5

3

8

10

10

SK Group Acquisitions

5 Acquisitions

SK Group acquired 5 companies. Their latest acquisition was 8 Rivers on March 07, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/7/2023

Grant

$99M

$101M

Corporate Majority

2

7/12/2018

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$99M

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10

5/16/2017

Series B

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$99M

$99M

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10

3/16/2017

Series C

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$99M

$99M

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10

12/1/1980

Other

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$99M

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10

Date

3/7/2023

7/12/2018

5/16/2017

3/16/2017

12/1/1980

Investment Stage

Grant

Series B

Series C

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$101M

$99M

$99M

Note

Corporate Majority

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Sources

2

10

10

10

10

SK Group Fund History

2 Fund Histories

SK Group has 2 funds, including SK Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

SK Fund I

1

NPS-SK Fund

10

Closing Date

Fund

SK Fund I

NPS-SK Fund

Fund Type

Status

Amount

Sources

1

10

SK Group Partners & Customers

10 Partners and customers

SK Group has 10 strategic partners and customers. SK Group recently partnered with BASF on November 11, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

11/15/2023

Partner

Germany

BASF : Joint News Release BASF and SK On entered into an agreement to evaluate collaboration opportunities in the global lithium-ion battery market

Ludwigshafen , Germany , and Seoul , South Korea - BASF , a globally leading battery materials producer , and SK On , a globally leading electric vehicle battery cell manufacturer , have entered into an agreement to jointly evaluate collaboration opportunities in the global lithium-ion battery market focused on North America and Asia-Pacific .

1

11/7/2023

Client

Sweden

Polestar inks battery agreement with SK On

We will solidify our partnership with Polestar and create new opportunities through this agreement , '' says Jee Dong-seob , CEO of SK On .

1

7/11/2023

Partner

South Korea

SK Group Chey urges scholarship students to contribute to fatherland2023.07.11 13:43

According to SK Group on Tuesday , Chey presented scholarship certificates to selected students who are studying overseas with the support of the Korea Foundation for Advanced Studies at SK Group 's headquarters building in Seoul .

1

6/22/2023

Partner

United States

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10

6/12/2023

Partner

South Korea

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10

Date

11/15/2023

11/7/2023

7/11/2023

6/22/2023

6/12/2023

Type

Partner

Client

Partner

Partner

Partner

Business Partner

Country

Germany

Sweden

South Korea

United States

South Korea

News Snippet

BASF : Joint News Release BASF and SK On entered into an agreement to evaluate collaboration opportunities in the global lithium-ion battery market

Ludwigshafen , Germany , and Seoul , South Korea - BASF , a globally leading battery materials producer , and SK On , a globally leading electric vehicle battery cell manufacturer , have entered into an agreement to jointly evaluate collaboration opportunities in the global lithium-ion battery market focused on North America and Asia-Pacific .

Polestar inks battery agreement with SK On

We will solidify our partnership with Polestar and create new opportunities through this agreement , '' says Jee Dong-seob , CEO of SK On .

SK Group Chey urges scholarship students to contribute to fatherland2023.07.11 13:43

According to SK Group on Tuesday , Chey presented scholarship certificates to selected students who are studying overseas with the support of the Korea Foundation for Advanced Studies at SK Group 's headquarters building in Seoul .

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Sources

1

1

1

10

10

SK Group Team

3 Team Members

SK Group has 3 team members, including former Chief Executive Officer, Tae-Won Chey.

Name

Work History

Title

Status

Tae-Won Chey

Chief Executive Officer

Former

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Name

Tae-Won Chey

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Work History

Title

Chief Executive Officer

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Status

Former

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