At SK Holdings, we have Korea’s top business competiveness from the upstream areas including overseas gas field development to the downstream areas including shipping, storage, power generations and city gas. We are endeavoring to reinforce our competitiveness by integrating the LNG value chain and generate high returns in a stable manner. In addition to these efforts, we are making efforts to emerge as a world-class LNG service provider by expanding into the overseas markets including China. To this end, we will implement the measures to expand our value chain into the markets with high potential including China based on the captivate demand in Korea and LNG sourcing, with an objective to foster the LNG business to achieve sales of 5 million ton/year by 2020.
We are fostering a major portfolio based on the bio and pharmaceutical business to create new value for our Group. We are investing into the development of various new drugs through SK Biopharmaceuticals, and we have created a self-reliant survival system and achieved accelerated growth by developing new drugs for the central nervous system such as drugs for narcolepsy (sleeping disorder) and epilepsy. In addition, we have been concentrating our efforts toward medicinal product production through SK Biotek. As such, we will build a consistent value chain and grow into a global pharmaceutical firm with integrated value chain from new drug development to marketing by 2018.
With the portfolio of SK Hynix, a world-class semiconductor memory manufacturer, we can expect to achieve considerable synergic effect in the value chain, and accordingly, the semiconductor materials business is emerging as a key part of the new growth businesses. Based on the synergy created with SK Hynix, we will secure a high-growth, high-return portfolio by implementing growth strategies using SK Group’s global network.
To this end, we will acquire a company with the world’s top-standard technologies to enter into the semiconductor materials market. Furthermore, we will strengthen our collaboration structure with the existing semiconductor manufacturers, expand into the markets in China and Taiwan using the global network of SK Group, and engage in other aggressive value-up activities to grow into a global company.