SK Group is expected to invest KRW 80 trillion over the next three years and create 28,000 jobs as part of its growth.

The Ministry of Strategy and Finance said that plans were announced at the `Innovative Growth Field Communication Conference` held at SK Group headquarters in Jongno-gu, Seoul, attended by Kim Dong-yeon, Minister of Economy and Finance,

SK plans to invest in five major new businesses, including semiconductors and materials, energy, ICT, future mobility, and health care, and to expand employment for innovation growth.

First, SK will invest KRW 27.5 trillion, up 44% from the previous year, mainly in the five new business areas this year. It plans to invest KRW 80 trillion over the next three years. SK will also hire about 28,000 people, or about 30% of the group`s total, over the next three years, including 8500 new hires this year.

Kim has emphasized that SK is planning to increase its investment this year by 44% compared with last year, saying, "We will make a considerable contribution to youth employment through additional employment."

"Big companies are an important axis of innovation growth in terms of innovation growth," he said. "We are asking you to actively join SK as well as Deep Change (business model innovation)."

It is highly appreciated by SK for supporting the social enterprise that it is pursuing, and it is demanding more effort to implement social value for sustainable growth of company as well as national economy.

Besides, SK plans to invest KRW 80 billion in mutual growth funds next year to expand its size to KRW 620 billion and establish a joint growth center for partner education in June this year. In addition, we will purchase social enterprise products first and create a private fund for social enterprises worth KRW 11 billion for the first time.

Mr. Kim emphasized, "The creation of social value is necessary not only for sustainable development of enterprises but also for sustainable development of national economy."

They expressed concern about the eco-generation`s influx into the labor market.

Kim said, "Due to the influx of the eco-generation into the labor market, the problem of youth employment in the next three to four years may become even worse." As the government and the private sector are creating jobs, We should work together to create jobs. "

On this day, the meeting between the deputy prime minister Kim and the chairman is part of a meeting on the `corporate communication` under the recommendation of the Korea Chamber of Commerce and Industry. It was the third time that the Kim Dae-jung rallied to a large-scale company meeting in December last year, following LG Group in January and Hyundai Motor Group in January of this year. The meeting was originally scheduled to start from 11:00 am to 1:00 pm, but it took about 30 minutes and ended at 1:30.


By Park Jung-il & Lee Mi Jeong lmj0919@


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