Article · AI translation
IT Home reported on November 15 that, according to a report today by South Korean newspaper Maeil Business Newspaper, SK Group Chairman Chey Tae-won recently said the group hopes to break with its existing framework and transform all its subsidiaries into AI companies. He believes SK Group should expand its business beyond AI semiconductors, infrastructure and energy into services, creating an “AI flywheel” model for sustained growth.
IT Home learned from the original report that SK Group held its “2026 CEO Seminar” in Icheon, Gyeonggi Province, from November 12 to 14. Executives including Chey Tae-won, Chey Jae-won and Chey Chang-won attended. At the meeting, Chey Tae-won said: “We must break with the existing framework and reposition ourselves as an AI company. Every subsidiary must find a new position and build an ‘AI flywheel’ connecting AI services with the token economy.”
Production operations at SK Group subsidiaries have also begun a comprehensive AI transformation. SK hynix is upgrading its “smart factories,” which combine AI and digital twin technology, to improve semiconductor production efficiency. SK Innovation has increased production yields at its Ulsan petrochemical complex using a “process map (ontology)” that connects equipment and operating data.
Chey Tae-won also emphasized the importance of global cooperation in the AI era. He said: “In the AI era, no company can do everything alone.”