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South Korea's SK Group embraces IPOs to drive growth

Country's third-biggest conglomerate seeks expansion via listings of group units

SK may soon unseat Hyundai as South Korea’s second-largest chaebol, or family-owned conglomerate, as it continues to boost its scale through its group IPO strategy.   © Reuters

SEOUL -- SK, South Korea's third-largest chaebol, or family-run conglomerate, will launch a series of initial public offerings of its group companies this year.

Its pharmaceutical and chemical subsidiaries applied for preliminary listing examinations in December, and its semiconductor materials and security services companies are expected to do so this year. South Korea's chaebol operate in a wide variety of fields, and SK has the most subsidiaries among them, at 125 companies. Under the leadership of Chairman Chey Tae-won, the company has listed its subsidiaries to further expand the size of the group.

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