Tag: SK Innovation

SK Innovation

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Australian gas field project gives Korean petrochemical industry a lifeline outside Middle East

The first condensate shipment from SK Innovation E&S’s Australian gas field gives Korean petrochemical producers a new supply route that reduces reliance on the Strait of Hormuz.

2026.7.27

Winners of the MAJU:ON Final Demo Day take a group photo after the event in Jakarta, Indonesia, on May 21. [SK INNOVATION E&S]

SK Innovation E&S backs Indonesia’s next startup wave in AI, energy and agriculture

What if you knew the optimal soil for growing fruit? What if one spray extended the shelf life of apples by 10 days? These and other ideas were awarded at the MAJU:ON Final Demo Day, an entrepreneurship support program backed by SK Innovation E&S.

2026.5.25

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SK Innovation and Vietnamese government officials pose for a photo during a groundbreaking ceremony for the company's liquefied natural gas terminal project held on May 18. [SK INNOVATION]

SK Innovation breaks ground for $2.3B LNG project in Vietnam

SK Innovation said Tuesday that it has begun infrastructure construction for a 3.3 trillion won ($2.3 billion) power plant and liquefied natural gas terminal project in Vietnam.

2026.5.19

SK's headquarters in central Seoul [YONHAP]

SK Innovation to invest $380 million in SK hynix's U.S. AI affiliate

SK Innovation has decided to invest $380 million in a U.S.-based arm of its sister firm, SK hynix, as part of efforts to seek investment opportunities in the AI energy infrastructure sector, a report showed on Tuesday.

2026.3.10

Prime Minister Kim Min-seok, center, SK Group Chairman Chey Tae-won, left, and Vietnamese Communist Party General Secretary To Lam meet to discuss cooperation at the Korea-Vietnam Business Forum in August 2025. [YONHAP]

SK Innovation-led consortium wins right to Vietnam LNG power project development

An SK Innovation-led consortium won the right to develop the Quynh Lap liquefied natural gas (LNG) power project in Vietnam’s Nghe An Province.

2026.2.19

SK Innovation E&S cultivates next-gen entrepreneurship in Jakarta

SK Innovation E&S hosted a youth entrepreneur event in Jakarta, Indoensia, on Wednesday in a bid to cultivate and empower the next generation of entrepreneurial leaders across Southeast Asia.

2026.2.11

SK Innovation's petrochemical plant in Ulsan [YONHAP]

SK Innovation narrows Q3 losses from last year

SK Innovation's leading refiner said on Friday that its third-quarter net losses had sharply narrowed from a year earlier, driven by higher oil prices and improved refining margins.

2025.10.31

This undated file photo shows SK Innovation's petrochemical plant in Ulsan. [YONHAP]

SK Innovation Q2 losses widen on weak oil prices, strong won

SK Innovation reported widened losses in the second quarter due to declining oil prices and a strong won despite increased sales.

2025.7.31

SK On CEO Lee Seok-hee announces the merger of SK On and SK Enmove during a press conference at the company’s headquarters in central Seoul on July 30. [SK INNOVATION]

SK On, SK Enmove to merge for stable cash flow amid EV demand dip

SK On will be merged with SK Enmove, a cash cow subsidiary specializing in lube base oil, to ensure reliable cash flow to support the cash-strapped battery maker’s intensive investments in the wake of a deceleration in market demand.

2025.7.30

SK Innovation to provide energy solutions to Singapore data center firm

SK Innovation said Thursday it will supply energy solutions to a major data center firm in Singapore, a move the Korean energy company sees as a step toward expanding its presence in the global energy solutions market.

2025.6.12