SEOUL, Oct. 7 (Korea Bizwire) — SK Innovation Co., South Korea’s largest refiner by sales, said Sunday that it will invest 400 billion won (US$353.8 million) to build a lithium-Ion battery separator plant in China. The company said it plans to break ground early next year for the plant that will make lithium-ion battery separator [...]
SEOUL, Oct. 1 (Korea Bizwire) — SK Innovation Co. is said to be in the process of pushing for the establishment of a facility that would build electric car batteries in the U.S. According to industry sources, SK Innovation has been considering a few locations in the U.S. deemed suitable for the plant, but the [...]
SEOUL, Sept. 5 (Korea Bizwire) — The immense popularity of bags upcycled from leather products by social enterprise MORETHAN’s fashion bag brand, “CONTINEW” has been heavily covered by the press after being included on the shelves of JDC Duty Free at Jeju International Airport. Ever since CONTINEW, with support from petrol giant SK Innovation, first [...]
SEOUL, Sept. 4 (Korea Bizwire) — SK Innovation, a petroleum refining company, said its subsidiary SK Trading International (SKTI) would expand its production of low sulfur fuel, an environmentally-friendly energy source. Since 2010, SKTI has been renting a mega oil tanker in Singapore, utilizing it as a blending tank to add half-refined materials to create [...]
SEOUL, Sept. 3 (Korea Bizwire) — South Korean manufacturers of car batteries are anticipated to benefit from Beijing’s latest move to cut subsidies provided to Chinese companies, industry watchers said Monday. Chinese-based electric car battery maker OptimumNano Energy recently announced that it will suspend its production line for six months citing financial problems. BYD, China’s [...]
SEOUL, Aug. 24 (Korea Bizwire) — SK Innovation Co., South Korea’s largest refiner by sales, said Friday it will invest in a 820 billion won (US$730 million) battery plant in China, a move aimed at meeting growing demand for car batteries. In a joint venture with BAIC Motor Corporation., Ltd. and Beijing Electronics Holding Co., [...]
SEOUL, Aug. 16 (Korea Bizwire) — SK Innovation revealed yesterday that it was unveiling five corporate campaign videos that were created with VR art drawing techniques. German artist Tobias Wüstefeld took part in creating the videos that incorporate VR techniques with traditional art drawing methods. In the video, Wüstefeld is seen wearing VR head gear [...]
SEOUL, Apr. 30 (Korea Bizwire) — SK Lubricants Co., a unit of the country’s top oil refiner SK Innovation Co., is seeking to beef up its overseas presence through joint ventures (JVs) with global refiners, industry sources said Sunday. SK Lubricants is eying JVs with global players to build plants in the North American region, [...]
SEOUL, Mar. 21 (Korea Bizwire) — SK Innovation Co. said Wednesday that its wholly owned U.S. subsidiary, SK E&P America Inc., will buy a 100 percent stake in Longfellow Nemaha, a U.S. gas exploration firm, in the latest move to boost its shale gas exploration projects in North America. SK E&P America said Tuesday that [...]
SEOUL, March 16 (Korea Bizwire) — Leaders of South Korea’s major business groups and economic organizations will accompany President Moon Jae-in on his visit to Vietnam and the United Arab Emirates (UAE) next week to further strengthen economic cooperation, industry sources said Friday. Moon will visit Vietnam and the UAE between March 22 and 27 [...]