- Briefing Your roundup of Asian tech and startup news that matter
Aya Lin · · 1 min readIn brief: SK Group invests $1 billion in Vietnam’s Vingroup
- South Korean conglomerate SK Group agreed to purchase 6.1% of Vietnam’s largest firm, Vingroup JSC, for US$1 billion as it looks to expand its investments in the country, Reuters reports.
- “Vingroup and SK Group intend to enter into future joint strategic investments that will leverage each party’s expertise and enhance both groups’ ability to serve the Vietnamese market and the region,” the companies jointly said in a statement.
- In 2018, SK bought 9.5% of Masan Group, Vietnam’s second-largest conglomerate, for US$470 million.
Editing by Dante Gagelonia
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
