SK group sheds money-losing operations to fund $60bn AI push

SEOUL — South Korea's SK Group is doubling down on a major restructuring campaign, planning to set aside 80 trillion won ($60.8 billion) by 2026 to invest in artificial intelligence and semiconductors.

In a recent meeting with executives of key subsidiaries, SK chairman Chey Tae-won stressed the importance of the group streamlining its operations in light of market changes.

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