SK Group mulls $39 billion investment in semiconductor production.

South Korea's third-largest conglomerate, SK Group, said on Monday it was considering investing 46 trillion won ($38.9 billion) in semiconductor production facilities.

These would include new equipment for a production line being built for unit SK Hynix Inc, besides two new production facilities.

The statement comes after President Park Geun-hye last week pardoned SK Group's chairman, Chey Tae-won, jailed since January 2013 in one of the longest jail terms ever given to the head of a South Korean conglomerate.

ET