SK Networks to Exit Steel Trading Business
[Asia Economy Reporter Kim Jin-ho] SK Networks held a board meeting on the 6th and announced that it will terminate its steel trading business by the end of June 2022. SK Networks notified all its clients of this decision on the same day.
SK Networks explained the background of this decision as ongoing business difficulties due to changes in the business environment and the inherently low growth potential of the business.
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SK Networks stated, "In the short term, a decrease in sales is expected, but in the mid to long term, improvements in profitability and financial structure centered on growth businesses are anticipated."
This content was produced with the assistance of AI translation services.
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