South Korean chemical to construction company SK Group plans to commit a further $500 million in its fund dedicated to infusing in Southeast Asia (SEA).
The investment is intended to advance SK’s efforts to extend its presence in the burgeoning market that is expected to bring new business opportunities to the company.
SK Group’s five affiliates, SK Holdings Co., SK Hynix Inc., SK Innovation Co., SK Telecom Co., and SK E&S Co. will commit $100 million each or $500 million in total in the SK South East Asia Investment.
SK South East Asia Investment is a joint entity formed to inject in promising businesses in the fast-growing Southeast Asian market.