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SK Innovation profit plunges 83 percent, hit by skyrocketing gas prices

SK Innovation reported an 83 percent decline in operating profit and a net loss.

2025.2.6

NPS to vote against SK Innovation, SK E&S merger amid advisor opposition

The National Pension Service, the second-largest shareholder of SK Innovation, will vote against its merger with SK E&S as governance advisors voice opposition to the move.

2024.8.22

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SK Innovation, SK E&S boards approve merger

The boards of SK Innovation and SK E&S approved a merger, setting the stage for the biggest restructuring at SK Group in over two decades in a bid to keep SK On afloat.

2024.7.17

SK Group office in Jung District, central Seoul [NEWS1]

Boards of SK Innovation, SK E&S to discuss merger Wednesday

SK Innovation and SK E&S will discuss a merger to create an energy firm with a market capitalization of more than 100 trillion won.

2024.7.15

SK Group Chairman Chey Tae-won speaks during a press conference about the court’s recent ruling ordering him to pay 1.4 trillion won ($1 billion) to his estranged wife. [YONHAP]

대규모 적자와 회장 이혼 소송 마주한 SK, 전면적인 사업 재편 논의

SK Group, the country’s second-largest conglomerate, is pushing to streamline its business structure by unloading nonessential affiliates or assets in a desperate move to fill its empty coffers amid lingering financial distress.

2024.6.28

SK mulls massive shake-up in the face of heavy losses, chairman's divorce

SK Group is pushing to streamline its structure with sell-offs and mergers as it seeks to tame a cash flow hemorrhage and the fallout from the chairman's divorce.

2024.6.20

The headquarters of SK in central Seoul[YONHAP]

SK considers merging two energy affiliates, SK Innovation stock soars

Shares of SK Innovation surged in early trading on Thursday following its disclosure that it is considering merging with SK E&S.

2024.6.20

SK E&S's hydrogen liquefaction plant gets rolling

Tank trailers carry liquefied hydrogen produced at SK E&S’s recently-built hydrogen liquefaction plant in Incheon on Wednesday.

2024.5.8

President Yoon Suk Yeol speaks at a Korea-U.S. business roundtable in Washington on March 25. [JOINT PRESS CORPS]

SK E&S, Plug Power to invest $750 million in hydrogen industry

SK E&S and New York-based Plug Power will together invest 1 trillion won ($750 million) in Korea's hydrogen projects in a move towards green energy production.

2023.5.2

Attendees of a liquid hydrogen forum held in Incheon, Wednesday, pose for a photo in front of Korea's first fuel cell electric commute bus. [SK E&S]

700 hydrogen-powered buses in Incheon by end of 2024

The Ministry of Environment, the Ministry of Land, Infrastructure and Transport, the Incheon City Government, Hyundai Motor and SK E&S signed an agreement to replace buses in the Incheon region with hydrogen-powered fuel cell buses by 2024.

2023.2.22