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SK Seorin Building (Courtesy of SK) |
[Alpha Biz= Kim Jisun] Seoul, August 19, 2025 – SK Group is intensifying its restructuring efforts, trimming subsidiaries and accelerating asset sales as part of a group-wide portfolio rebalancing strategy.
According to SK Inc.’s semi-annual report, the number of consolidated subsidiaries fell from 649 at the end of 2024 to 634 in the first half of 2025, with 44 companies divested, liquidated, merged, or removed from consolidation. Despite 29 new entities established, the net decrease reflected SK’s focus on streamlining operations. The number of major subsidiaries also declined from 200 to 193.
In tandem, SK significantly reduced its assets held for sale, cutting the balance to KRW 1.8 trillion at the end of June from KRW 3.1 trillion at year-end 2024. Completed deals in the first half included sales of stakes in ION Clean Energy, SK Specialty, and SK Powertech. The largest pending asset remains SK’s stake in Vietnam’s Vingroup (KRW 575.3 billion), alongside holdings in Imexpharm, SK Materials Group Fourteen, and Masan Group.
The restructuring drive reflects SK Group’s strategy to sharpen focus on its future growth pillars—semiconductors, AI, energy, and batteries—while exiting non-core businesses.
A key element of this rebalancing centers on SK Innovation. Following its merger with SK E&S last year, SK Innovation repurchased its lubricants subsidiary SK Enmove in July and recently approved a plan for EV battery unit SK On to absorb SK Enmove, signaling a new phase in its growth strategy.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
