Park Won-cheol, president of SKC, said on March 26 that the company will achieve visible results in the glass substrate business, which is gaining attention as a next-generation semiconductor substrate, by securing certification from multiple clients within the year.
At the regular shareholders’ meeting held at the headquarters in Jongno-gu, Seoul, Park stated, “The first plant in Georgia, USA, which is the world’s first mass production line for glass substrates, is currently undergoing trial operations with the goal of timely mass production.” He explained, “We have secured multiple global top-tier clients engaged in high-performance computing, artificial intelligence (AI) servers, and high-frequency wireless communication businesses and are in discussions with various companies within the value chain.” Regarding the copper foil business, which is influenced by the secondary battery and other front-end industries, he said, “Based on the mid-to-long-term sales contracts signed with multiple clients last year, stable sales recovery is expected this year.”
Park stated, “We have completed the first phase of rebalancing the portfolio with three major business pillars: secondary batteries, semiconductors, and eco-friendly initiatives.” He added, “Along with promoting the new glass substrate business, we have strengthened the semiconductor portfolio by acquiring ISC, a global company in the semiconductor test solution field.” He emphasized, “In this process, we worked to strengthen the fundamentals by promoting the liquidation of low-growth non-core businesses such as the film and polyurethane businesses to secure financial soundness,” and pledged, “We will focus on enhancing business competitiveness to meet shareholder expectations.”
At the shareholders’ meeting, Park was reappointed as an internal director for a three-year term. Kim Ki-dong, head of finance at SK Inc., was newly appointed as a non-executive director, and Jung Hyun-wook, an accountant from Kim & Chang Law Office, was appointed as an outside director. Following the shareholders’ meeting, the board of directors passed a resolution to appoint Chae Eun-mi, an outside director, as SKC’s first female board chair. Chair Chae, who was appointed as an outside director of SKC in 2023, previously served as the first Korean CEO of FedEx Korea, a global express delivery company.
