SK Group Chairman Chey Tae-won: SK Hynix Considering Joint Venture in Japan

Thanks to IT Home reader "Mala Qingbuliang" for the tip! IT Home, August 31 — Bloomberg reported today that SK Group Chairman Chey Tae-won, speaking on the sidelines of a bilateral chamber of commerce meeting in Japan, stated that SK Hynix is considering establishing a joint venture in Japan. Chey mentioned that SK is currently scouting locations across Japan with sufficient power and water resources, but declined to discuss further details. An anonymous source familiar with the matter suggested that a small-scale acquisition of a Japanese company is also a possibility, and the specific form of SK Hynix's collaboration in Japan will depend on the partners and products involved. Today, Chey, also in his capacity as Chairman of the Korea Chamber of Commerce and Industry, stated: "South Korea and Japan are joining hands to form an economic bloc. The two countries can not only cooperate but also complement each other's strengths."