SEOUL, April 29 (Korea Bizwire) — SK Innovation Co. said Friday it swung to the black in the first quarter from a year earlier, boosted by robust sales of petrochemical products amid higher oil prices. Net income reached 863.3 billion won (US$680.3 million) in the January-March period, a turnaround from a loss of 371.4 billion [...]
SEOUL, April 24 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner, said Sunday its energy unit has signed a production sharing contract with Malaysian companies for a local oil block. SK earthon Co. recently signed the deal with Malaysia’s state-run oil company Petroliam Nasional Berhad (Petronas) and Petroleum Sarawak Exploration and Production Sdn., [...]
SEOUL, March 31 (Korea Bizwire) — SK On Co. is not considering an initial public offering (IPO) for at least another two to three years but will build up its competitiveness and enhance corporate value before pushing for a market debut, head of its parent company said Thursday. The potential listing of SK On has [...]
SEOUL, Feb. 7 (Korea Bizwire) — South Korean battery maker SK Innovation Co. said Monday it will pay 210.8 billion won (US$ 175.5 million) in dividends for fiscal 2021 to its shareholders, a shift from a no-dividend policy following the rejection by its board. Shareholders will receive 0.011 treasury stock per each common share they [...]
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 [...]