ID :
703081
Tue, 08/19/2025 - 02:30
Auther :
YONHAP
Shortlink :
https://www.oananews.org/index.php//node/703081
The shortlink copeid

SK Group vows efforts to develop sovereign AI amid global competition

SEOUL, Aug. 18 (Yonhap) -- SK Group Chairman Chey Tae-won on Monday vowed efforts to develop a sovereign artificial intelligence (AI) infrastructure amid growing global competition in the sector.

Chey made the remarks during an annual groupwide business forum where SK executives shared business strategies encompassing AI and digital technologies.

"I had the impression that the U.S. Donald Trump administration's policies were predictable in terms of strategy but not in terms of technology," Chey told reporters during the forum.

"I think we need to develop a sovereign AI system capable of winning in the global market," he added.

Chey and around 250 officials from SK Group's affiliates attended the opening ceremony of the three-day forum. On Wednesday, Chey is scheduled to deliver a speech on the group's business vision.

During the event, the head of SK hynix Inc. stressed that SK Group's bold investments and vision have enabled the company to take a leading role in the high bandwidth memory (HBM) market.

"The company, which was on the verge of collapse, was able to develop the world's first HBM and take the top spot in the global DRAM market, thanks to SK Group," said Kwak Noh-jung, the chief executive officer (CEO) of SK hynix.

SK Group acquired the chipmaker, formerly known as Hynix Semiconductor Inc., in 2012. SK hynix developed the world's first HBM the following year.

"We also feel a sense of fear with regard to the enormous changes ahead as the artificial intelligence era begins," Kwak said, noting SK hynix will nevertheless find answers to any new challenges.

Lee Seok-hee, CEO of SK On Co., said the company will continue efforts to return to profit by focusing on its mainstay battery business.

"Turning to a profit depends on how flexibly the company addresses uncertainties and market conditions in the second half, along with how quickly we improve operational efficiency," Lee said.

SK On posted a deficit of around 1 trillion won (US$722 million) last year, along with a combined loss of 365.8 billion won in the first half of 2025.

"It is important that we achieve a turnaround by strengthening the fundamental competitiveness of our batteries."

colin@yna.co.kr
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