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SK Communications was created when parent SK Telecom merged the recently acquired Lycos Korea with its cable Internet unit NetsGo in 2002. [5] NetsGo is the developer of Nate, a popular web portal in the Korean market. Lycos Korea had trouble differentiating itself from competition.
Nate (Korean: 네이트) is a South Korean web portal developed by SK Communications. In 2003, Nate acquired social media site Cyworld and in 2004, it achieved first place in local page views with a total of 3.8 million, surpassing rival Daum for the first time.
SK Inc. is a part of the SK Group that focuses on 4 core business interests, High-tech materials, Bio, Green and Digital. The SK Group is composed of 186 affiliate companies that share the SK brand and culture. In 2021, SK Group recorded combined revenues of $133 billion, with exports contributing $50 billion of that total.