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Industry

SK Group makes 2027 executive reshuffle, appoints stable hands and practical leaders

SK Group carried out a 2027 executive reshuffle that keeps chief executives at major affiliates while appointing new hands-on leaders. The group said it announced appointments decided by each affiliate board after holding an interim SUPEX Pursuit Council meeting. It said the reshuffle focuses on maintaining management stability while boosting fundamental competitiveness in existing businesses, securing a stable profit structure and accelerating global technology and business innovation.

Industry

SK On posts 80.5 billion won Q3 operating loss, down 35.5 percent year on year

SK On is seeking to improve profitability by winning energy storage system orders in North America and securing an LFP supply chain. SK Innovation said SK On posted third-quarter revenue of 1.53 trillion won and an operating loss of 80.5 billion won. Revenue fell 23.0 percent from a year earlier, while the operating loss narrowed from 124.8 billion won. SK Innovation reported a record quarterly operating profit.

Industry

SMRs emerge as 24-7 power option for semiconductor fabs

Small modular reactors (SMRs) are emerging as a power alternative for semiconductor clusters as electricity demand rises with new fabs while the government reduces coal and LNG generation. Industry is reviewing building SMRs near chip plants because they can provide steady 24-hour output. Power supply is urgently needed for new clusters in Yongin and the southwest, but domestic SMR deployment is expected to lag fab completion. Licensing and planning timelines remain uncertain.