South Korean-based SK Group, a collection of diverse multi-national manufacturing and service companies has acquired Vietnam-based semiconductor company Iscvina Manufacturing Company Limited for $300 Million.
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This information was provided during a meeting in Vinh Phuc on October 9 between Tran Duy Dong, Chairman of the Vinh Phuc People’s Committee, and Hang Sung Won, Manager of SK Group in Vietnam.
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Tran Duy Dong, Chairman of the Vinh Phuc People’s Committee, welcomed the SK Group’s investment and requested that relevant institutions, including the provincial labor department, work with the SK Group to implement its goals. He also asked Won to make Vinh Phuc the first location in Vietnam to receive direct investments from the SK Group.
Hang Sung Won, manager of SK Group in Vietnam, said “We propose Vinh Phuc province facilitates the recruitment of high-quality workers for the firm. At the same time, we hope the province creates new advantages for SK Group to research opportunities to expand investment in the locality. Vinh Phuc is attracting investments in high-tech industries such as semiconductors and electronics, along with industrial real estate and tourism. We hope Vinh Phuc will be the first locality in Vietnam to receive direct investment from SK Group.”
SK Group invests in game-changing businesses and nurtures them for long-term success; we partner with communities and customers to maximize their collective potential and impact.
About SK Group
SK Group is a collection of diverse multinational manufacturing and service companies united under a holding company structure that shares a common SK brand and corporate culture. It adopted the holding company structure in 2007 to enhance corporate governance, increase corporate value, and secure new growth engines.
SK companies combined have $105 billion in global annual revenue and more than 100,000 employees worldwide. SK companies are investing billions of dollars in expanding their U.S. presence with business operations or partnerships in electric vehicle (EV) batteries and charging technology, hydrogen energy and fuel cells, pharmaceutical manufacturing and development, and semiconductors.
