SK Group focuses on export market

SK Group, which has traditionally relied on the domestic market for sales, is focusing more on boosting exports. According to SK, the fifth largest Korean conglomerate by assets, exports from its manufacturing units, including SK Innovation, SK Energy, SK Global Chemical, SK Lubricants, SKC and SK Chemicals, amounted to 8.9 trillion won (US$8.2 billion) in the first quarter. Exports accounted for 61.8% of total sales of 14.5 trillion won (US$13.4 billion) and were the highest ever recorded by the group. Overseas shipments in the first quarter were 41.4% higher than a year ago and represented 6.2% of the country’s total exports during the period. (April 18, 2011)