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Global Management Forum 2018

SK Group chairman urges young managers to go ahead and fail

South Korean conglomerate works 'social value' into its business model

SK Group Chairman Chey Tae-won explains his approach to making tough decisions at the Nikkei Global Management Forum on Nov. 7. (Photo by Shinya Sawai)

TOKYO -- SK Holdings Chairman and CEO Chey Tae-won, who has been leading the technology group for decades, on Nov. 7 delivered a message to up-and-coming managers around the world: Have the courage to fail.

"In my career life, I had a lot of failures," Chey told the Nikkei Global Management Forum in Tokyo. "But even if you fail, it is not the end of it, because you will always face new opportunities."

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