SK Group Business Model Canvas: Complete BMC Analysis
The SK Group Business Model Canvas reveals how South Korea's second-largest chaebol operates a diversified portfolio spanning energy, semiconductors, telecommunications, and biopharmaceuticals. This BMC framework analysis covers SK Group's nine building blocks: Key Partners, Key Activities, Key Resources, Value Propositions, Customer Relationships, Channels, Customer Segments, Cost Structure, and Revenue Streams.
Value Propositions in SK Group's BMC
SK Group's Value Propositions include integrated energy solutions (refining to EV batteries via SK Innovation/SK On), world-leading memory semiconductors (SK Hynix), advanced 5G/AI telecom services (SK Telecom), and green energy transition leadership (hydrogen, battery recycling). This conglomerate model mirrors the diversified approach of the Samsung Business Model Canvas while differentiating through energy-sector depth.
Customer Segments Analysis
SK Group's Customer Segments span petroleum consumers, EV automakers (battery clients), global tech companies (memory chip buyers), Korean mobile subscribers, pharmaceutical companies, and industrial chemical buyers. This B2B-heavy diversification parallels the multi-industry reach of the LG Electronics Business Model Canvas parent LG Group and the industrial breadth of the POSCO Holdings Business Model Canvas.
Key Partners and Key Resources
The Key Partners include Hyundai Motor & Ford (SK On battery supply), global tech firms (SK Hynix memory customers), crude oil suppliers, and pharmaceutical partners. Key Resources encompass SK Hynix DRAM/NAND fabs, SK On battery gigafactories, SKI refining capacity, SK Telecom 5G network, and 90,000+ group employees. This asset-heavy portfolio compares to the scale seen in the Sinopec Business Model Canvas energy operations.
Revenue Streams and Cost Structure
SK Group's Revenue Streams flow from petroleum refining & trading (largest by revenue), semiconductor sales (SK Hynix – highest by profit), telecom subscriptions & services, EV battery sales (SK On), and biopharmaceutical licensing. The Cost Structure includes crude oil procurement, semiconductor fab capex, battery materials, R&D across subsidiaries, and employee costs. Compare this heavy-industry economics to the CNPC Business Model Canvas.
Channels and Customer Relationships
SK Group's Channels include B2B direct sales (semiconductors, batteries, chemicals), SK gas stations (6,000+ in Korea), SK Telecom retail & online, and pharmaceutical distribution. Customer Relationships leverage long-term supply contracts, technology partnerships, telecom subscriber loyalty (T membership), and JV collaborations. This multi-channel model reflects the diversified customer approach in the Samsung Business Model Canvas.
Key Activities in the BMC Framework
SK Group's Key Activities include petroleum refining, semiconductor manufacturing (DRAM, NAND, HBM), EV battery production, 5G network operations, green hydrogen development, and strategic M&A. These capital-intensive activities mirror the industrial scale of the State Grid Business Model Canvas and POSCO Business Model Canvas.
Comparing Conglomerate Business Model Canvases
Study related BMC analyses: the SK Hynix BMC for semiconductor details, Samsung BMC for Korean rival, Hyundai Motor BMC for battery customer, POSCO BMC for Korean industrial, and LG Chem BMC for battery competition. Each Business Model Canvas shows different Korean chaebol strategies.