689 Views

SK Networks 

“Market Cap $2.2 B As of May 2014

At a Glance
  • Industry: Trading Companies
  • Founded: 1953
  • Country: South Korea
  • CEO: Chang-Kyu Lee
  • Website: www.sknetworks.co.kr
  • Employees: 2,962
  • Sales: $23.73 B
  • Headquarters: Seoul
Forbes Lists

#1634 Global 2000

  • #395 in Sales
  • #1992 in Assets
Profile

SK Networks Co., Ltd. is engaged in the distribution of energy, trade, and resource development projects. Its business divisions are the following: Trading and Investment, Information and Communication, Petroleum products, Car-Life, Fashion, Consumer Goods, and Walkerhill. The Trading and Investment division provides resources, chemicals, and steel. The Information and Communication division includes information and communications technology distribution and service. The Car-Life division offers light car repair, emergency road service, car rental, and new car sales. The Fashion division offers clothes under the brand name: Obzee, O’2nd, HANii Y, Tommy Hilfiger, Tommy Hilfiger Denim, DKNY, Donna Karan Collection, CLUB MONACO, Elie Tahari, CK Calvin Klein, and SMART. The Consumer Goods division includes wine, real estate and logistics, and SK pinx. The Walkerhill division provides Sheraton Grande and W Seoul Walkerhill and Walkerhill Duty-free Shop. The company was founded on April 28, 1953 and is headquartered in Seoul, South Korea.

“SK Networks History

2000’s

February, 2014 Launched an O’2nd fashion business in Taiwan
January, 2014 Launched a 2econd floor ladies wear brand in Korea
February, 2013 Released a rouge & lounge fashion brand in Korea
February, 2013 Moon Duk-Kyu took office as president and CEO of SK Networks
December, 2012 Annual mobile phone retail sales reached KRW 1 trillion
January, 2012 Introduced Global Business Specialist program
December, 2011 Cumulative sales of mobile phones exceeded 100 million
December, 2011 Achieved KRW 500 billion in sales revenue of fashion business
November, 2011 Became GM dealer for Chungcheong and Honam regions
March, 2011 Acquired Kumho Rent-a-Car (China)
March, 2011 Received KRW 200 billion Tower Award for payment of national tax
February, 2011 Opened SK networks Dandong Happiness Academy
December, 2010 Acquired SK Energy’s coal business
October, 2010 Opened Shenyang SK Bus Terminal
September, 2010 Acquired Jeju Pinx Resort, launched SK pinx
invested in MMK of Brazil, the largest-ever equity stake
December, 2009 Acquired Walkerhill
January, 2009 Launched O’2nd fashion business in China
January, 2009 Acquired a car rental business from SK Energy
December, 2008 Annual exports exceeded USD 10 billion
November, 2007 Acquired Obzee
April, 2007 Established SK network Service
November, 2006 Acquired Shantou PS
February, 2006 Launched a DKNY brand
September, 2005 Established holding company in China
October, 2003 Company name changed to SK networks
August, 2003 Began selling “Tommy Hilfiger” premium casual brand
July, 2000 Acquired SK Energy Sales

1990’s

December, 1999 Acquired SK Distribution
February, 1999 Acquired Speedmate auto sales and service business
January, 1998 Company name changed to SK Global
September , 1996 Number of mobile communications outlets exceeded 1,000
July, 1995 Number of SK gas stations exceeded 3,000
May, 1990 Launched SMART school uniform business

1970-1980’s

December, 1980 Acquired Korea National Oil Corporation
June, 1977 IPO and listing on Korea stock exchange
November, 1976 Designated as general trading company
and received “USD 100 Million Export Tower” award
January, 1976 Acquired Sunil Textiles and changed company name to Sunkyoung
November, 1973 Chairman Chey Jong-hyun took office

1950-1960’s

April, 1967 Launched “Georgette,” the first polyester
product manufactured in Korea
May, 1953 Founded as Sunkyoung Textiles
(President & CEO: Chey Jong-kun

*Information from Forbes.com and Sknetworks.co.kr

**Video published on YouTube by “eddiekevlar777