SEOUL, November 25 (AJP) -Chipmaking — led by high-bandwidth memory (HBM) — accounted for 65 percent of record-setting outbound shipments by South Korea’s SK Group, which is on track to post historic exports of 120 trillion won ($82 billion) this year.
Group-wide exports across SK’s portfolio — spanning semiconductors, batteries, energy, and telecommunications — reached 87.8 trillion won between January and September, up nearly 20 percent from a year earlier. With the semiconductor upcycle accelerating, annual exports are expected to easily surpass last year’s 100-trillion-won milestone.
SK hynix alone generated 56.7 trillion won in overseas revenue in the first three quarters, representing 65 percent of the group total, up from 54 percent last year.
The group’s external performance has long hinged on chips. During the previous semiconductor supercycle in 2017, SK’s exports hit 78.1 trillion won, while the rebound in SK hynix’s earnings last year lifted group exports to 96.8 trillion won.
The company’s global dominance in HBM — the backbone technology of AI accelerators — has made it not only the growth engine for the group but also an increasingly important pillar of the national economy, a group official noted.
South Korea’s total exports for the first three quarters reached $185 billion, the largest tally since data tracking began in 2010. High-value memory semiconductors, including HBM, accounted for $46.6 billion and led overall export momentum.
SK hynix is also driving gains through surging tax payments and stock market performance. Its corporate tax contributions soared to 4.3 trillion won through the third quarter, roughly 45 times the 94 billion won paid a year earlier. The company’s market capitalization stood at 379 trillion won based on Nov. 24 closing prices.
The gains come as SK Group pushes ahead with restructuring and revitalizing loss-making units by securing next-generation growth drivers. Chairman Chey Tae-won’s 2012 decision to acquire SK hynix — despite significant internal opposition at the time — followed by years of sustained investment, paved the way for the semiconductor powerhouse it has become.
“Under Chairman Chey’s leadership, SK Group continues to contribute to the national economy through investment and job creation in future-growth sectors such as AI, semiconductors, energy, and bio,” an SK Group official said. “We plan to steadily expand investment, targeting 128 trillion won domestically by 2028, while maintaining more than 8,000 annual hires.”
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