SK to Strengthen Strategic Partnerships in Vietnam

On June 5th, Chairman Chey Tae-won visited Vietnam for three days and met Vietnamese Prime Minister as well as the chairmans of Vietnam’s two leading private enterprises to strengthen SK’s overall partnership in Vietnam. On the last day of his visit he met the SK People at Hanoi to share opinions about how to advance their business in Vietnam and encourage them.

Chairman Chey Tae-won together with the executive management including Senior Vice Chairman Chey Jae-won, Chairman of SUPEX Council Cho Dae-sik, CEO of SK Holdings Jang Dong-hyun, CEO of SK Innovation Kim Jun, CEO of SK Telecom Park Jung-ho, and CEO of SK E&S Yu Jeong-joon paid a visit to Vietnam, a major foothold to strengthen a global presence for SK.

On June 5th, the management team met Vietnamese Prime Minister Nguyen Xuan Phuc and Chairman of Vingroup Pham Nhat Vuong at the prime minister’s official residence in Hanoi, Vietnam and assure mutual cooperation. They shared the view of creating more success stories, not settling for the business success models, the Vietnamese government and private enterprises have built so far. Chairman Chey Tae-won said, “SK and Vingroup have a similar business philosophy where creating more social values have priority over creating corporate profits.” “Based on this belief, we both will cooperate to create new social values.” he added.

On the morning of June 6th, Chairman Chey and Chairman of Vingroup visited the Hai Phong Economic Zone near Hanoi to discuss further cooperation with Vietnam and in the afternoon met the key management of Masan Group Corporation (MSN) including Chairman Nguyen Dang Quang in Ho Chi Minh, the economic capital of Vietnam.

On June 7th, the last day, Chairman Chey met the SK People at Hanoi to talk about the importance of the environmental industry and how to advance into the Vietnamese market. He also listened to their difficulties living in Vietnam and encouraged them. SK has built strategic partnerships by purchasing a 9.5 percent stake in Masan Group Corporation valued at 470 million dollars in August last year and a 6.1% percent stake in Vingroup worth 1 billion dollars last month.