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SK throws itself into batteries

Fri, 08/05/2016 - 14:32 -- Vic
SK Group logo

South Korea’s SK Group aims to nurture vehicle battery and green energy sectors as its new growth engines amid a slump in the oil industry following a free fall in oil prices.

The conglomerate’s all-out focus particularly on the vehicle battery business is expected to add more competition in the industry that is already dominated by other top conglomerates including Samsung and LG.

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