- CEO
- Ho-Jung Lee
- Full Time Employees
- 1,576
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- 19, Gyeongsu-daero 976beon-gil Suwon-si GY South Korea 04534
- IPO Date
- Jun 30, 1977
- Business
- SK Networks Company Limited operates an expansive portfolio of businesses both in South Korea and across international markets, undergoing a strategic evolution to become an AI-driven entity. The company's global trading segment, known as Glowide, facilitates the movement of essential commodities, including diverse petrochemical products such as paraxylene, purified terephthalic acid, monoethylene glycol, benzene, styrene monomer, and various solvents and polyurethane materials. It also deals in a range of steel products like hot rolled coil, plate, cold-rolled coil, and stainless steel, serving industries from construction to manufacturing. In the information and communication technology (ICT) sector, SK Networks engages in the wholesale and distribution of mobile phones, laptops, tablet PCs, and related accessories. This division also manages extensive logistics services and operates MINTIT, a platform dedicated to the recycling of used ICT devices, as well as En-core, which provides enterprise AI platforms and data consulting services. The mobility division, through Speedmate, offers comprehensive automotive after-sales solutions including vehicle maintenance, parts replacement, emergency roadside assistance, and the distribution of imported auto components and tires. Furthermore, SK Networks oversees Walkerhill Hotels & Resorts, providing premium hospitality experiences through its properties, and manages an AI wellness platform through SK Magic, which offers a variety of rental home appliances such as water and air purifiers, bidets, and kitchen equipment, with a focus on integrating AI-converged devices for areas like pet and health care. The company is actively transforming its business model through global investments in advanced technologies, particularly focusing on AI, Web3, and sustainability-oriented startups via its Hico Capital subsidiary in Silicon Valley and the AI technology development unit, PhnyX Lab. This strategic shift aims to embed AI across all its operations, from enhancing existing business efficiencies to developing new AI-powered products and services, in collaboration with global partners like Qualcomm. SK Networks Company Limited, originally established as Sunkyung Textiles in 1953, is headquartered in Seoul, South Korea.