SK group sheds money-losing operations to fund $60bn AI push

South Korean chaebol advances restructuring efforts as profit plunges 94%

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With assets totaling 334 trillion won, the SK group is South Korea's second-largest chaebol. © Reuters

NAMI MATSUURA, Nikkei staff writer

SEOUL -- South Korea's SK group is doubling down on a major restructuring campaign, with plans to free up 80 trillion won ($60.8 billion) by 2026 to invest in artificial intelligence.

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