SK chemicals has finished restructuring by electing Mr. Hong, Ji-Ho as the CEO.The restructuring is to consolidate the company according to the restructuring of the polyester fiber business, and to concentrate the capacity of the company on chemistry, resins and the fine chemicals businesses.The newly elected executive director, Mr. Hong, has graduated from the Chemical Engineering Department of Yonsei University. Since he joined SK chemicals in 1975, he has been a director of the Yarn Production Team, the Petrochemical Production Team, the Polyester Production Team, a superintendent of Ulsan plant as well as on the fiber and petrochemical R&D teams. President Cho, Min-Ho, is commissioned to a full time counselor with the status of vice-chairman. He is also nominated as the CEO of Huvis, an integrated corporate of polyester fibers. SK chemicals abolished the Polyester Fiber business Unit and newly organized a business unit for information and electronic materials.After the restructuring, only the high value acetate business will remain in the fiber division, and SK chemicals will concentrate on the new rayon (product name: enVix) business, which utilizes the acetate fiber. The new organized Information and Electronic Materials Business Unit is projecting the developments of packaging materials for semiconductors and photo-semiconductors, RCC for printed circuit board of cell phones, and advanced materials for the information and electronic industries. SK chemicals is aiming at a quick commercialization of the business by expanding the existing team into a business unit and by establishing a profit model.Furthermore, SK chemicals is planning to develop the R&D oriented life science unit into a business unit. Especially, the SK Pharmaceuticals, which will be made into a pharmaceutical sales company by integrating the marketing (planning) and production units as one business unit.Besides, the Petrochemical Business Team (PTA/DMT) and Resin Business Team (PET Chip) will also be expanded as business units. The Petrochemical Business Unit will concentrate on the business for hybrid PTA developed by the independent R&D of SK chemicals, and the Resin Business Unit will be in charge of the business for high performance polyester resin PET-G (product name: SKYGREEN) from December.