Completion of Samkwang 3 Companies Merger... Launch of Eco-Friendly Integrated Energy Company 'SGC'

[Asia Economy Reporter Moon Hyewon] Gunjang Energy, together with Iteck Construction and Samkwang Glass, has completed the merger and spin-off merger of their investment business divisions and launched under the new name ‘SGC Energy’.

On the 2nd, the company held a ceremony to announce the SGC CI and stated that it will begin a new leap forward through continuous growth and change.

The company explained that based on the stable business structure and financial stability held by SGC Energy, the investment assets owned by each company have been unified to maximize synergy. An Chan-gyu, CEO of SGC Energy, said, “SGC will operate energy, construction, glass, and resource businesses, and based on its know-how and technological capabilities, it will grow into a global comprehensive energy company based on renewable energy.” He added, “As a leading player in the ‘Green New Deal,’ we will steadily grow into a comprehensive energy company based on renewable energy such as hydrogen fuel cells and wind power generation.”

The SGC logotype symbolizes ‘a complete unity connected like a chain among the three companies Gunjang Energy, Iteck Construction, and Samkwang Glass,’ embodying the meaning of ‘Sustain Grow Change.’

SGC consists of the business holding company SGC Energy (formerly Gunjang Energy) as the core, along with SGC Iteck Construction (formerly Iteck Construction), SGC Solution (formerly Samkwang Glass), SGC Green Power (formerly SMG Energy), and SGC Development (formerly SG Development). SGC Energy and SGC Iteck Construction are listed on the KOSPI and KOSDAQ markets, respectively.

This content was produced with the assistance of AI translation services.