SK Group chairman Chey Tae-won met with Conni Jonsson, chairman of Swedish investment company EQT Partners AB, which is affiliated with the Wallenberg Family, on Dec. 3 and discussed ways to cooperate with each other.
The Wallenberg Family is considered one of the world’s best business groups in the ESG (environmental, social, and governance) field.
The two sides agreed to cooperate in investing in promising areas, including green energy and healthcare.
EQT Partners is an investment company founded by the Wallenberg Family and was listed on the Stockholm Stock Market in 2019. It has a market value of 60 trillion won and assets under management reaches 90 trillion won. More than 1,000 employees are working for it in 24 countries around the world, including the United States, Europe and Asia.
The Wallenberg Family is famous for actively fulfilling social responsibilities and returning dividends to society. It owns leading companies such as Electrolux (home appliances), AstraZeneca (pharmaceutical), and Stora Enso (paper).
“Korea is leading the global hydrogen industry,” Chey said at the meeting, “SK Group is also actively building a hydrogen value chain ranging from production to distribution and consumption.”
“We are well aware that Korea outruns Europe in the development of the hydrogen business,” Jonsson said. “We are willing to collaborate with SK Group in any business field.”
The two sides also discussed ways to cooperate in future-oriented business areas such as bio and healthcare. Chey introduced SK Group’s bio-business in Korea and the United States, while Jonsson replied that he intends to discuss mutual cooperation in the field in detail.
Chey and Jonsson also agreed to jointly explore new business opportunities around the world. “If SK is looking for a business partner in Europe, we can actively play that role,” Jonsson said.