SK Group, one of the largest conglomerates in South Korea, has fully exited its $1.5 billion investment in Vingroup and Masan stocks. In its 2024 annual report, SK has classified Vingroup’s (VIC) shares under “held for sale,” currently holding 4.72% of Vingroup’s capital with a book value of 549.2 billion won (approximately 9.587 trillion VND). From January 16 to February 14, 2025, SK plans to sell over 50.8 million VIC shares to restructure its investment portfolio, reducing its ownership from 6.05% to 4.72%. SK had invested $1 billion in Vingroup since 2019, becoming a strategic partner. Regarding Masan (MSN), SK has also completely divested its previously held shares, worth $470 million, and no longer holds significant stakes in this company, although it retains stakes in some subsidiaries within Masan’s ecosystem, specifically 8.6% in VCM and 4.9% in The CrownX.
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