Choi Tae-won Meets Head of Sweden's Wallenberg Family Investment Firm to Discuss Cooperation Plan

Chairman Chey Tae-won of SK (right) is shaking hands with Conni Jonsson, Chairman of Sweden's EQT Partners, at the SK Seorin Building in Jongno-gu, Seoul on the 3rd.

[Asia Economy Reporter Kim Hyewon] Chey Tae-won, Chairman of SK Group, met with the head of an investment firm established by the Swedish Wallenberg family to discuss mutual cooperation plans.

According to SK Group on the 5th, Chairman Chey met with Conni Jonsson, Chairman of EQT Partners, at the SK Seorin Building in Jongno-gu, Seoul on the 3rd, and they agreed to strengthen investment cooperation in promising future sectors such as green energy and healthcare.

EQT Partners is an investment firm founded by the Swedish Wallenberg family and was listed on the Stockholm Stock Exchange in Sweden in 2019. It has a market capitalization of 60 trillion KRW and manages assets worth 90 trillion KRW. Over 1,000 employees work across 24 countries worldwide, including the US, Europe, and Asia.

The Wallenberg family is particularly well known for practicing social responsibility through governance structures that separate ownership and management, as well as social return of dividends. They own prominent companies such as Electrolux (home appliances), AstraZeneca (pharmaceuticals), and Stora Enso (paper manufacturing).

During the meeting, Chairman Chey introduced SK Group’s efforts to reduce carbon emissions, pursue both economic and social value simultaneously, and innovate governance structures. He stated, "Korea is especially leading globally in the hydrogen sector," adding, "SK Group is actively building a value chain from hydrogen production to distribution and consumption."

In response, Chairman Jonsson said, "I am well aware that the development speed of the hydrogen business in Korea is much faster compared to Europe," and added, "We are open to collaborating in any field that SK Group is involved in."

Both parties also discussed cooperation plans in future-oriented business areas such as bio and healthcare. Chairman Chey introduced that SK Group is conducting diverse bio businesses in Korea and the US, and Chairman Jonsson expressed willingness to discuss concrete mutual cooperation in this field.

Chairmen Chey and Jonsson agreed to jointly explore new business opportunities globally. Chairman Jonsson showed interest in SK Group’s progress in entering the European market, and Chairman Chey shared that investments are underway in the battery sector in Hungary and Poland. Chairman Jonsson said, "If you are looking for business partners in Europe, we can actively play that role," adding, "Just as SK Group can contribute in Asia, EQT can contribute to SK Group in Europe."

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