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Results for "SK Group"

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SK Group Chairman Appeals Divorce Settlement
Worldle-figaro3d ago

SK Group Chairman Appeals Divorce Settlement

The chairman of South Korean conglomerate SK Group has appealed a court order to pay 566 million euros in a high-profile divorce settlement, a case drawing significant interest due to SK Hynix's recent profit surge driven by the AI boom.

South Korean Tycoon Ordered to Pay $644 Million in 'Divorce of the Century'
WorldBBCNYTFT+22nosfazle-figaroSCMPorfdigi24The Independentindex-hr+14 more24d ago25 sources

South Korean Tycoon Ordered to Pay $644 Million in 'Divorce of the Century'

A South Korean court has ordered the chairman of corporate giant SK Group to pay his ex-wife $644 million in what is being called the 'divorce of the century'. This ruling marks one of the largest divorce settlements in the country's history.

New HIV Prevention Drug Lenacapavir Shows Promise
HealthDW26d ago

New HIV Prevention Drug Lenacapavir Shows Promise

A new injectable drug, Lenacapavir, administered twice a year, offers a significant improvement for HIV prevention in high-risk groups, potentially replacing daily pills. Its long-term effectiveness hinges on its accessibility to those who need it most.

Germany Faces Record Heatwave: Dangers and Protection Measures
Healthtagesschau1mo ago

Germany Faces Record Heatwave: Dangers and Protection Measures

Germany is experiencing a record-breaking heatwave, with temperatures reaching 41.7 degrees Celsius, affecting not only at-risk groups but also healthy individuals. The extreme heat poses significant health risks, and experts are highlighting the importance of understanding these dangers and implementing protective measures for the future.

Global Markets Dip Amid Middle East Tensions and Tech Sector Concerns
BusinessBBCbloombergFT+25The Guardiannzzcnbctagesschauberlingskeirozhlasrzeczpospolitavg+17 more2mo ago28 sources

Global Markets Dip Amid Middle East Tensions and Tech Sector Concerns

Global stock markets experienced a downturn, with European and South Korean stocks plunging due to renewed geopolitical tensions in the Middle East and concerns over the tech sector's AI rally. Oil prices, however, saw a sharp increase following the escalation of conflict in the region.

Nvidia Unveils First AI PCs, Intensifying Competition with Intel and Apple
BusinessReuterswsjle-figaro+8orfYahoostraits-timesKorea Heraldndtvchannel-news-asiaignexpress-tribune2mo ago11 sources

Nvidia Unveils First AI PCs, Intensifying Competition with Intel and Apple

Nvidia has introduced its first PCs designed for AI agents, marking a significant move into the AI PC market and intensifying its competition with tech giants like Intel and Apple. The company's CEO, Jensen Huang, is betting on these new AI PCs, which require substantial energy, particularly in Taiwan.

SK Inc. Increases Stake in SK Ecoplant for Chip and AI Push
TechnologyKorea Herald3mo ago

SK Inc. Increases Stake in SK Ecoplant for Chip and AI Push

SK Inc., the holding company of SK Group, will invest approximately 400 billion won ($271 million) to raise its stake in SK Ecoplant. This move aims to bolster SK Ecoplant's role in the group's semiconductor value chain and artificial intelligence endeavors.

SK hynix eyes US listing to unlock AI premium
BusinessbloombergKorea Heraldchannel-news-asia+1yonhap-english5mo ago4 sources

SK hynix eyes US listing to unlock AI premium

SK hynix, the world’s second-largest memory chip maker, is stepping up plans to list on the US market via American Depositary Receipts or ADRs, as it looks to close a persistent valuation gap with global semiconductor peers despite strong AI-driven earnings. SK Group Chairman Chey Tae-won confirmed Monday that the company is actively reviewing an ADR issuance, signaling a more concrete move beyond earlier disclosures. In a regulatory filing in December, SK hynix said it was considering various s

Nvidia and SK Group Announce $500 Billion AI Partnership
Technologyseeking-alpha21d ago

Nvidia and SK Group Announce $500 Billion AI Partnership

Nvidia and SK Group have formed a partnership valued at over $500 billion, focusing on AI chip development within South Korea's broader $950 billion AI initiatives. This collaboration has led to a decline in AI chip stocks, with Nvidia leading the downturn.

South Korean Tech Giants Seal $950 Billion AI Chip Deals with US Firms
Technologybloombergtvn24Korea Herald+2channel-news-asiaexpress-tribune23d ago5 sources

South Korean Tech Giants Seal $950 Billion AI Chip Deals with US Firms

Samsung Electronics and SK Group have secured approximately $950 billion in AI chip partnerships with major US tech companies, including a $200 billion deal between Samsung and Broadcom. These agreements aim to boost South Korea's foundry capabilities and strengthen its position in the global AI industry.

Climate Change Poses Heat Risk to Two-Thirds of Population
Healthdie-presse2mo ago

Climate Change Poses Heat Risk to Two-Thirds of Population

A significant portion of the population could become a risk group due to rising temperatures, record heat days, and tropical nights caused by climate change. Implementing necessary measures to mitigate these effects faces various hurdles.

SK Group to Host New AI Strategy Forum
BusinessKorea Herald2mo ago

SK Group to Host New AI Strategy Forum

SK Group announced it will convene senior executives and employees for a three-day forum this week, focusing on accelerating the conglomerate's advancements in the era of artificial intelligence.

SK Square Shares Rally on SK Hynix Stake
BusinessKorea Herald3mo ago

SK Square Shares Rally on SK Hynix Stake

SK Square shares have nearly tripled this year, driven by investors reassessing its value as the largest shareholder of SK hynix and a key player in SK Group’s semiconductor push.

Police Launch Manhunt for Killer of Negros Occidental Broadcaster
Politicsinquirer4mo ago

Police Launch Manhunt for Killer of Negros Occidental Broadcaster

The Presidential Task Force on Media Security condemned the killing of Negros Occidental radio broadcaster Julito “Jaz” Diamante Calo and pledged to ensure justice is served, as police activated a Special Investigation Task Group to lead a region-wide manhunt for the killer.

SK Chairman Warns Global Memory Crunch May Last Until 2030
Technologyzerohedge5mo ago

SK Chairman Warns Global Memory Crunch May Last Until 2030

SK Chairman Warns Global Memory Crunch May Last Until 2030 SK Group Chairman Chey Tae-won warned that the global high-bandwidth memory crunch, driven by AI data center buildouts, will last until the end of the decade. Chey told reporters on the sidelines of Nvidia's annual developer conference, 'GTC 2026,' at the San Jose Convention Center in California on Monday that the memory chip shortage could last another four to five years, with supply unlikely to catch up to demand until...

A science-trained heir charts SK’s biotech future beyond chips
BusinessKorea Herald5mo ago

A science-trained heir charts SK’s biotech future beyond chips

SK heir Chey Yoon-chung is not one to stand still. “She likes to run and actively joins SK Biopharmaceuticals’ in-house running crew. She even competed in a company-wide rowing event," an industry official said of Chey, the eldest daughter of SK Group Chair Chey Tae-won. "During a business trip to the BIO International Convention 2025 in Boston last year, she ran at dawn with colleagues.” Such details offer a glimpse of a corporate heir who operates alongside employees rather than apart from the

SK’s Chey meets Vietnam party chief to expand energy ties
BusinessKorea Herald5mo ago

SK’s Chey meets Vietnam party chief to expand energy ties

SK Group Chairman Chey Tae-won met To Lam, general secretary of Vietnam's Communist Party in Washington to discuss cooperation in the energy and industrial sectors. According to a LinkedIn post by consulting firm The Asia Group on Thursday, the meeting took place on Feb. 20 during a TAG-hosted event in Washington. SK Innovation CEO Choo Hyeong-wook and TAG Chairman Kurt Campbell attended the talks. Chey was visiting Washington to attend the Trans-Pacific Dialogue hosted by the Chey Institute for

Nvidia Pledges Major AI Investment in South Korea, Partners with SK Group
Businessbloombergle-figaroSCMP+9svenska-dagbladetmarketwatchThe IndependentYahooTimes of IndiaKorea Heraldrte-newschannel-news-asia+1 more24d ago12 sources

Nvidia Pledges Major AI Investment in South Korea, Partners with SK Group

Nvidia CEO Jensen Huang met with South Korean President Lee and announced a significant $500 billion partnership with SK Group for AI data centers and memory, pledging massive investment to establish Korea as an AI hub.

SK Hynix Shares Surge on Strong US Stock Market Debut, Raising $26.5 Billion
BusinessBBCbloombergNYT+8nzzcnbcorfmarketwatchYahooKorea Heraldchannel-news-asiaseeking-alpha1mo ago11 sources

SK Hynix Shares Surge on Strong US Stock Market Debut, Raising $26.5 Billion

South Korean chip giant SK Hynix saw its shares surge on its first day of trading on Wall Street, with its Nasdaq debut topping $26.5 billion. The strong performance is attributed to investor confidence in the continued boom of AI chips.

SK Group Chairman Chey Tae-won Deepens AI Alliances
BusinessKorea Herald2mo ago

SK Group Chairman Chey Tae-won Deepens AI Alliances

SK Group Chairman Chey Tae-won is strengthening alliances with leading AI chipmakers, holding talks with TSMC Chairman C.C. Wei and meeting Nvidia CEO Jensen Huang to bolster the group's position in the AI sector.

Nvidia CEO Jensen Huang Discusses AI Future and Worker Pay
BusinessbloombergfazTimes of India+2Korea Heraldchannel-news-asia2mo ago5 sources

Nvidia CEO Jensen Huang Discusses AI Future and Worker Pay

Nvidia CEO Jensen Huang delivered a keynote address emphasizing the pervasive future of AI and met with SK Group's Chey in Taipei to discuss AI memory chip cooperation. Huang also stated that workers should be paid 'as much as possible'.

SK Group Market Cap Surges on AI Chip Rally
BusinessKorea Herald3mo ago

SK Group Market Cap Surges on AI Chip Rally

SK Group, a major South Korean conglomerate, has recorded the largest gain in market value among the country's top business groups over the past year, driven by a strong rally in artificial intelligence-related chips.