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Technology Services

SK Inc.

Company Background

As the holding company of SK group, South Korea's third-largest conglomerate, SK Holdings owns significant stakes in petrochemical producer SK Innovation, mobile carrier SK Telecom and contractor SK Engineering & Construction. The holding company also has its own information technology services.

Taiwan's Hon Hai Precision Industry, better known as Foxconn Technology Group, owns 3.5% of SK Holdings.

In August 2015, IT company SK C&C, the group's de facto holding company, merged with an intermediate holding company to simplify the ownership structure. Group Chairman Chey Tae-won has a 23% stake in the new entity, SK Holdings.

In addition to IT services, such as the system integration and outsourcing provided by SK C&C, the company is aggressively pursuing new services such as cloud computing, the "Internet of Things" and big data. It also sells used cars and cellphones.

Through a capital and business alliance with Foxconn, SK Holdings provides IT services to help streamline production at Foxconn plants. The group sees the relationship as its ticket into the Chinese market.

In May 2015, Foxconn and SK C&C formed a joint venture, FSK Holdings, in Hong Kong. In October, Foxconn and SK jointly acquired Hong Kong-listed Daiwa Associate Holdings, a maker of smart sensors.

Business Summary

SK Inc. engages in provision of information technology(IT) services. It operates through the holding and IT business divisions. The holding division provides management training services. IT business division offers system integration and IT outsourcing services. The company was founded on April 13, 1991 and is headquartered at Seoul, South Korea.

Financial Highlights

Dec 2021 KRWUSD
Revenue98,325.01B85,861.42M
Gross Profit10,305.33B8,999.04M
Operating income4,935.53B4,309.91M
Income before tax4,102.47B3,582.44M
Net income1,830.71B1,598.65M
EBITDA13,306.12B11,619.45M
Diluted EPS37,331.9932.59
Dividends Per Share8,0006.98
Total Assets165,380.86B139,121.65M
Total liabilities99,815.71B83,966.95M
Total equity21,248.34B17,874.52M
Operating cash flow6,125.17B5,348.74M
Currency in KRWCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 90,612.83B 100,161.64B 97,811.54B 80,818.75B 98,325.01B
Gross Profit 10,328.63B 9,095.78B 8,145.67B 4,650.91B 10,305.33B
Operating income 5,745.02B 4,683.79B 3,735.87B -76,894M 4,935.53B
Income before tax 7,443.14B 3,892.66B 2,239.04B -767,954M 4,102.47B
Net income 1,720.25B 1,878.32B 798,394M 132,424M 1,830.71B
EBITDA 11,364.81B 10,143.03B 11,332.65B 7,895.21B 13,306.12B
Diluted EPS -- 40,309.90 12,910.25 3,540.50 37,331.99
Dividends Per Share 4,000 5,000 5,000 7,000 8,000
Total Assets 109,783.46B 119,456.99B 132,611.42B 137,667.90B 165,380.86B
Total liabilities 64,027.04B 68,569.11B 80,435.39B 85,807.98B 99,815.71B
Total equity 13,660.08B 16,627.51B 16,683.76B 17,435.04B 21,248.34B
Operating cash flow 6,930.08B 7,856.50B 8,027.73B 9,694.61B 6,125.17B
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 80,152.15M 91,013.18M 83,873.14M 68,496.98M 85,861.42M
Gross Profit 9,136.26M 8,265.00M 6,984.89M 3,941.83M 8,999.04M
Operating income 5,081.79M 4,255.99M 3,203.50M -65.17M 4,309.91M
Income before tax 6,583.88M 3,537.12M 1,919.97M -650.87M 3,582.44M
Net income 1,521.66M 1,706.76M 684.62M 112.23M 1,598.65M
EBITDA 10,052.81M 9,216.59M 9,717.72M 6,691.49M 11,619.45M
Diluted EPS -- 36.62 11.07 3.00 32.59
Dividends Per Share 3.53 4.54 4.28 5.93 6.98
Total Assets 102,548.65M 107,059.49M 114,671.12M 126,731.01M 139,121.65M
Total liabilities 59,807.61M 61,452.87M 69,553.71M 78,991.05M 83,966.95M
Total equity 12,759.87M 14,901.87M 14,426.71M 16,049.93M 17,874.52M
Operating cash flow 6,130.04M 7,138.91M 6,883.76M 8,216.55M 5,348.74M

Valuation Measures

Dec 2021
PER6.70
ROA1.20%
ROE9.46%
Operating margin5.01%
Profit margin1.86%

Key executives

  • Chairman & Co-Chief Executive Officer: Tae-Won Chey
  • President, Co-Chief Executive Officer & Director: Dong-Hyun Jang
  • Co-President & Co-Chief Executive Officer: Jung-Ho Park
  • Executive Board Member & Head-Finance: Eui-Dong Jang
  • Head-Strategic Planning Group: Ho Jin Park

Shareholders

  • SK Inc. (24.3%)
  • CHEY TAE-WON (17.4%)
  • National Pension Service of Korea (7.7%)
  • CHEY GI-WON (6.5%)
  • Norges Bank Investment Management (1.3%)
  • BlackRock Fund Advisors (1.3%)
  • The Vanguard Group, Inc. (1.2%)
  • CHEY JAE-WON (1.0%)
  • Samsung Asset Management Co., Ltd. (0.4%)
  • Dimensional Fund Advisors LP (0.3%)

Contact Details

  • Website:http://www.sk-inc.com
  • Address: 26 Jong-ro, Jongno-gu, Seoul, 03188, South Korea
  • Phone: +82.2.2121.5114

Related Companies

  • SK ON CO.,LTD.
  • Einstein Cayman Ltd.
  • SK S.E. Asia Pte Ltd.
  • I Cube Capital II, Inc.
  • I Cube Capital, Inc.
  • Golden Pearl EV Solutions Ltd.
  • Plutus Fashion NY, Inc.
  • Plutus Capital NY, Inc.
  • SK GI Management
  • SK Investment Management Co., Ltd.
  • Saturn Agriculture Investment Co., Ltd.
  • SK Pharmteco, Inc.
  • Hweechan Co., Ltd.
  • SK imedia
  • Optima Leasing SA
  • Sk South East Asia Investment Pte , Ltd.
  • Sk C&C Beijing Co., Ltd.
  • SK C&C India Pvt Ltd.
  • SK Signet, Inc.
  • SKT Vietnam Pte Ltd.
  • SK Maritime Co., Ltd.
  • Gemini Partners Pte Ltd.
  • Green IS Co., Ltd.
  • Leviathan Asset Co., Ltd.
  • Highway Star Co., Ltd.
  • SK Networks Internet, Inc.
  • SK, Inc. (Seoul)
  • West-Seoul Highway Co., Ltd.
  • Makers Holdings Co., Ltd.
  • SK China Co., Ltd.

Competitors

  • 3S KOREA Co., Ltd.
  • CJ Corporation
  • DAESUNG HOLDINGS Co., Ltd.
  • Daesung Industrial Co., Ltd
  • DB Inc.
  • GlobalWafers Co., Ltd.
  • INITECH Co., Ltd
  • Kolon Industries, Inc.
  • Korea Petro Chemical Ind. Co., Ltd.
  • National Silicon Industry Group Co. Ltd. Class A
  • POSCO Holdings Inc.
  • SALTLUX Inc
  • Samchully Co., Ltd
  • Samhwa Paint Industrial Co., Ltd.
  • Siltronic AG
  • UFlex Limited
Last Updated on 24 Jun, 2022

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