SK Also Pays Membership Fee to Hankyung Association... Samsung to Be Discussed at Sub-Commission Today

Second After Hyundai Motor Company

Following Hyundai Motor Group, SK Group has also recently been confirmed to have paid membership fees to the Korea Economic Association (KEA).

According to the business community on the 26th, SK Group reportedly paid an annual membership fee of 3.5 billion KRW to KEA last week. This is due to the Korea Economic Research Institute (KERI), which had remained a member even after withdrawing from the Federation of Korean Industries (FKI, now KEA) amid the political scandal, being absorbed and integrated into KEA.

Among the four major conglomerates, SK Group is the second after Hyundai Motor Group. Earlier, Hyundai Motor Group was the first among the four major groups to pay membership fees to KEA in early last month.

KEA sent official letters requesting membership fee payments to over 420 member companies, including the four major groups?Samsung, SK, Hyundai Motor, and LG?between late March and early April. The annual membership fee for the first group, which includes the four major conglomerates, is 3.5 billion KRW each.

On the other hand, among the four major groups, Samsung and LG are still maintaining a 'cautious mode' regarding the payment of KEA membership fees. Samsung is expected to hold a regular meeting of the Compliance Committee (hereafter Compliance Committee) this afternoon to reconsider the agenda on KEA membership fee payment. Previously, Samsung's Compliance Committee discussed the fee payment agenda at last month's meeting but did not reach a conclusion.

LG Group is also reportedly still reviewing the payment internally.

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