SEOUL, Jan. 28 (Korea Bizwire) — SK Innovation Co., the energy and chemical affiliate of South Korean conglomerate SK Group, said Friday it swung to the black in the fourth quarter from a year earlier on strong petrochemical demand and electric vehicle (EV) battery sales. Net income came to 163.4 billion won (US$135.7 million) in [...]
SEOUL, Jan. 4 (Korea Bizwire) — SK Innovation Co.’s planned sale of its stakes in two Peruvian gas fields to a foreign partner has been canceled amid disapproval from the Peruvian government, a regulatory filing showed Tuesday. The South Korean refiner said in the regulatory filing that its contract with Argentine energy company, Pluspetrol, to [...]
SEOUL, Dec. 16 (Korea Bizwire) — SK Innovation Co. said Wednesday via the company’s official YouTube channel that it will live broadcast the New Year’s sunrise on Jan. 1. Marking the third broadcast of a New Year’s sunrise next year, the company will broadcast the first light of the new year from Ulsan CLX, the [...]
SEOUL, Oct. 29 (Korea Bizwire) — SK Innovation Co. said Friday it turned to the black in the third quarter from a year earlier on strong sales in its lubricant oil and battery businesses amid reviving demand after a pandemic-driven slump. The energy and chemical subsidiary of SK Group, South Korea’s No. 3 conglomerate, reported [...]
SEOUL, Oct. 28 (Korea Bizwire) — SK Innovation Co., a South Korean battery maker, said Thursday it will develop and produce all-solid-state batteries with a U.S. firm, in a bid to expand its foothold in the next-generation battery market. Under the joint venture deal with Solid Power, a Colorado-based solid-state battery developer, SK Innovation will [...]
SEOUL, Oct. 4 (Korea Bizwire) – South Korean battery maker SK Innovation Co. said Monday that it plans to double the number of researchers to develop electric vehicles (EV) batteries from the current level by 2023. SK Innovation CEO and President Kim Jun made the announcement at a global forum in San Francisco on Saturday [...]
SEOUL, Oct. 1 (Korea Bizwire) — SK Innovation Co. launched its battery business as a standalone company Friday to take a bigger chunk of the growing electric vehicle (EV) battery market. SK Innovation also hived off its oil exploration and production business to serve as a holding firm in charge of making major business decisions [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korean battery maker SK Innovation Co. and American automaker Ford Co. said Tuesday they will invest 13 trillion won (US$11 billion) to build three electric vehicle batteries in the United States by 2025. A joint venture between the two companies, called BluOvalSK, will build an assembly and battery [...]
SEOUL, Sept. 16 (Korea Bizwire) — SK Innovation Co. said Thursday it has received shareholders’ approval to split off its battery unit to focus on new growth drivers. With the approval, the refinery-to-battery subsidiary under South Korea’s No. 3 conglomerate, SK Group, will be split into two entities that are respectively in charge of its [...]
SEOUL, Aug. 4 (Korea Bizwire) — SK Innovation Co. said Wednesday it turned to the black in the second quarter from a year earlier on robust lube oil and battery sales, and decided to spin off its battery business to further propel its growth. The energy and chemical subsidiary of the nation’s No. 3 conglomerate [...]