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Introduction

Management Philosophy (SKMS)

SKMS, SK's management philosophy

SK and SKMS

SK Group and Members

Each member company of SK Group implements autonomous and responsible management under the board of directors, and each company operates the committee under the joint agreement with voluntary participation to specifically implement mutual cooperation. This is the management of “Independent Yet United,” the unique business management by SK Group. All members of SK Group has assurance and passion about the management philosophy of SK and voluntarily and actively implement this.

Implementation and Evolution Development of SKMS

The SKMS proposes the basic direction of business management, and it is composed of SK management philosophy and methodology to implement this into the actual management. All executive members of SK shall be responsible for implementation, evolution, and development of the SKMS, and especially, the major shareholders for business management shall be responsible for maintenance and development of SK Group and management philosophy.

Philosophy of management

Sustainable Happiness of SK People

The ultimate purpose of SK’s business management is the happiness of SK People. As responsible members of SK, SK People will act on the conviction that cultivating the happiness of all members with the company’s organized power can also elevate their own happiness. To pursue the sustainable happiness of SK People, SK must maintain stability and growth and continuously survive and develop. To achieve this, SK will simultaneously pursue the happiness of SK People and of its stakeholders. All value that a company creates for the happiness of its stakeholders is social value. SK, by creating social value, will elevate its economic value and develop a relationship of trust with its stakeholders.

SUPEX Quest Through VWBE

When SK People attain and practice the belief that elevating the happiness of all members also raises their own happiness, they will achieve “voluntary and willing brain engagement” (VWBE). Those engaging in VWBE will continuously create the happiness of SK People and stakeholders through the quest for SUPEX*.

Stands for “Super Excellent Level,” which means the highest level attainable by human ability.

Implementation Principle

SK will create sustainable happiness for SK People by establishing a VWBE culture and pursuing clear goals and strategies to become a SUPEX Company. In this way, we form a virtuous circle between our management philosophy and the implementation principles (Happiness of SK PeopleVWBE Culture-SUPEX Company), through which SK can continuously develop as a community that creates sustainable happiness.

VWBE Culture

When SK People pursue their own happiness, they engage their brain voluntarily and willingly. A voluntary and willing brain engagement expresses itself in the form of Pae-gi, which means a spirit that challenges and overcomes hurdles in one’s work.
By accumulating experiences of happiness, SK People will endeavor to establish VWBE as SK’s unique culture.

SUPEX Company

The SUPEX Company is a company which, having secured the highest level of competitiveness and conditions for its longevity, sustainably creates economic value, social value, and member happiness. Since it is not feasible to reach the SUPEX level in a single step, a series of Better Company goals may be set up, and through repeated engagement with such goals, SUPEX can be reached.