SK Networks appoints Chey Shin-won as honorary chairman with split board vote as two outside directors raise concerns over compensation structure and role definition, less than a year after his Supreme Court conviction for 56 billion won embezzlement and breach of trust
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SK Networks Appoints Chey Shin-won as Honorary Chairman Despite Two Outside Directors' Opposition
SK Networks appoints Chey Shin-won as honorary chairman with split board vote as two outside directors raise concerns over compensation structure and role definition, less than a year after his Supreme Court conviction for 56 billion won embezzlement and breach of trust
Former SK Networks Chairman Choi Shin-won returns after 4.5 years to serve as Honorary Chairman, providing strategic advice and mentorship while the company transitions toward becoming an AI-focused business holding company under professional management leadership.
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Choi Shin-won Returns to SK Networks After 4.5 Years as Honorary Chairman
Former SK Networks Chairman Choi Shin-won returns after 4.5 years to serve as Honorary Chairman, providing strategic advice and mentorship while the company transitions toward becoming an AI-focused business holding company under professional management leadership.
SK Networks invests additional 50 billion won in AI startup Upstage through Series C funding, raising its stake to 12.9% as part of strategy to strengthen artificial intelligence capabilities and create business synergies, following previous 47 billion won investment in February.
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SK Networks Invests Additional 50 Billion Won in Upstage to Strengthen AI Capabilities
SK Networks invests additional 50 billion won in AI startup Upstage through Series C funding, raising its stake to 12.9% as part of strategy to strengthen artificial intelligence capabilities and create business synergies, following previous 47 billion won investment in February.
SK Networks sells 90% stake in used smartphone trading platform Mintit to T&K Private Equity for 45 billion won, retaining 10% ownership while pivoting toward AI-focused business strategy as transaction completion expected in first half of year
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SK Networks Sells 90% Stake in Used Phone Platform Mintit to PEF for 45 Billion Won
SK Networks sells 90% stake in used smartphone trading platform Mintit to T&K Private Equity for 45 billion won, retaining 10% ownership while pivoting toward AI-focused business strategy as transaction completion expected in first half of year
SK Networks to Acquire Additional Stake in Upstage for 47 Billion Won
SK Networks will acquire an additional 6.5% stake in AI startup Upstage for 47 billion won, raising its total holding to 12.9% to boost AI business synergies.
SK Networks Co. reported a sharp 87.9% drop in Q4 operating profit due to higher new business costs, but swung to a net profit on investment gains, while annual revenue and profit also declined amid ongoing business restructuring.
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SK Networks Reports Q4 Operating Profit of 4.4 Billion Won, Down 87.9%—Hit by Rising New Business Costs (Comprehensive)
SK Networks Co. reported a sharp 87.9% drop in Q4 operating profit due to higher new business costs, but swung to a net profit on investment gains, while annual revenue and profit also declined amid ongoing business restructuring.
SK Networks Reports 44 Billion Won Q4 Operating Profit, Down 87.9%—Profitability Deteriorates Amid Negative Growth
SK Networks Co. saw its Q4 2025 operating profit plunge 87.9% year-on-year to 44 billion won, with annual revenue and profitability also sharply declining amid negative growth.
SK Networks Co., Ltd. reported a 22% drop in Q3 operating profit and a 70.9% plunge in net profit, citing a base effect from last year's asset sale, while accelerating its transition to AI-driven business models and acquiring a major stake in ad agency Incross.
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SK Networks Q3 Operating Profit Down 22% – 'Building AI-Driven Business Portfolio'
SK Networks Co., Ltd. reported a 22% drop in Q3 operating profit and a 70.9% plunge in net profit, citing a base effect from last year's asset sale, while accelerating its transition to AI-driven business models and acquiring a major stake in ad agency Incross.
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