South Korea's second-largest conglomerate SK Group said on Monday it is considering selling some of its assets in Southeast Asia and reinvesting in other businesses in countries in the region, including Vietnam.
The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Jisaid on Monday it is considering selling some of its assets in Southeast Asia and reinvesting in other businesses in countries in the region, including Vietnam.
An SK Group spokesperson said in a statement the conglomerate plans to decide which assets to potentially sell depending on buyers' offers, and is considering reinvesting some of the proceeds from any stake sales in local firms. The statement didn't disclose details of which assets might be sold. The comments came after South Korean newspaper the Korea Economic Daily reported SK's plans late on Sunday citing unnamed investment banking sources.
Assets held by SK Group's Southeast Asia investment firm that could be sold, according to the paper, include stakes in Vietnam's Vingroup
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