President of the SK Group, Cui Taiyuan, announced that in the next three years, it will invest 80 trillion won in the development of semiconductors, energy, self-driving cars, a new generation of ICT, and new drugs. The 2018 investment budget will be 27.5 trillion won, and an additional 2.8 will be recruited. Ten thousand employees strengthened the competitiveness of their companies. A number of Korean media reported that Cui Taiyuan and South Korea’s Minister of Economic Affairs Kim Dong-won attended the Symposium on Innovation and Growth Enterprises earlier in the day. At the meeting, SK Group’s investment and employment plans for the next three years were made public. , The business investment sector is locked into five major business areas: semiconductors and materials, new energy industries, new generation ICT, future transportation technology, and health care. The total investment scale is 80 trillion won. The semiconductor and materials fields are expected to occupy nearly half of the budget, 49 trillion won. It is used for technology and equipment upgrades and R&D of key semiconductor materials. It allocates 13 trillion won to the new energy industry, aims to develop environmentally friendly energy and new renewable energy, and develops intelligent power systems. In the new generation ICT sector, it plans to invest 11 trillion won to build 5G. Infrastructural development of communications technology, tandem with the Group's products and services to create a 5G ecosystem; Future transportation technology will be funded by 5 trillion won. We will increase the competitiveness of self-driving cars and networked vehicles and car batteries; the focus of health care business will be the development of new synthetic drugs and vaccines, and pharmaceutical production, with a budget of 2 trillion won. SK Group will invest 27.5 trillion won in 2018 to enhance the Group's business. In terms of competitiveness, this amount is 2 times of 2017 net profit, which is a substantial 44% increase from the investment budget of KRW 19 trillion in 2017. The SK Group's affiliated companies cover a wide range of fields, including SK Hynix, SK Telecom, SK Innovation, SK Materials, Green Energy Enterprise SK E&S, etc. In addition to technology and equipment upgrades, Cui Taiyuan also announced that SK Group will employ 8,500 additional staff in 2018, aiming to complete the 28,000 new staff expansion plan by 2020, Cui Taiyuan The company said that investment in the industry will help the economy to continue its positive cycle. In the future, it will continue to create more job opportunities. In the end, Cui Taiyuan stated that the SK Group will establish a joint growth center of the Education Cooperation Factory in June, and the joint growth fund is expected to increase again in 2019. To KRW 620 billion, In addition, venture capital companies will also be nurtured to launch youth entrepreneurship support programs, combined with 5G and Internet of Things (IoT) technologies to create the ICT product ecosystem of SK Group. .
