SK Networks Co., a trading affiliate of SK Group, said Tuesday it has sold its rental car unit for 820 billion won (US$618 million) to a Singapore-based private equity fund.SK Networks has completed the sale of its 100 percent stake in SK Rent-a-Car Co. to Affinity Equity Partners Ltd., the company said in a regulatory filing."The unit sale is aimed at strengthening the company's financial health and securing capital for investments in future growth businesses," it said.SK Rent-a-Car is South Korea's second-biggest car leasing company after Lotte Rental Co.Source: Yonhap News Agency

Recent Posts
Passenger Found Dead on Bus in New Taipei; Operator Faces Penalty
September 28, 2026
Burmese Tourist Dies After Incident at Taiwan Water Park
September 28, 2026
Taiwan Shines with 13 Medals at WorldSkills Shanghai 2026
September 28, 2026
Light Rail Train Collision with Car in Tamsui District
September 28, 2026
Taiwan High-Speed Rail Adds Extra Trains for Holiday Travelers
September 28, 2026
Human Trafficking Investigations in Taiwan Show Low Indictment Rate
September 28, 2026
Taiwanese Tech Firms Host Major Recruitment Event in Silicon Valley
September 28, 2026
Morocco Resumes Visa Applications for Taiwanese Tourists
September 28, 2026