SK그룹, 배터리·화학 부진 속 '리밸런싱 과제' 지속

SK Group faces a critical portfolio imbalance as its semiconductor division (SK Hynix) generates 96% of group profits through HBM dominance, while battery and chemical units remain trapped in overcapacity and declining EV demand. The company is undertaking major restructuring but faces a longer recovery timeline, complicated by approximately 17 trillion won in mezzanine-style debt financing that creates future liquidity pressures. The success of this rebalancing effort is essential for maintaining credit stability and investor confidence as the group's dependency on a single sector intensifies.