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SK Innovation Expects 2021 Battery Business Revenue To Reach Mid-3 Trln Won Level
SK Innovation Says Its EV Battery Business Revenue To Be Around 10% Lower Than Its Earlier Target Of 2 Trln Won This Year
SK Innovation Says To Pay Year-End Dividend Of 1,400 Won Per Common Share
SK Innovation Co., Ltd. is a Korea-based company principally engaged in the manufacture and distribution of petroleum products. Along with its subsidiaries, the Company operates its business through five segments. The Petroleum segment is engaged in the manufacture and sales of petroleum products including lead-free gasoline, kerosene, diesel and others. The Chemical segment mainly manufactures and sells of basic emulsifying agents including ethylene, poly propylene, styrene monomer, and chemical materials including synthetic resins, and others. The Lubricant segment is mainly engaged in the manufacture of lubricant products. The Petroleum Development and Other segment is engaged in the development, production and sale of crude oil and natural gas. The Battery segment manufactures and sells lithium batteries and medium and large batteries, among others.
Oil & Gas Operations
SK Bldg., 26, Jong-ro, Jongno-gu
Tae Won Choi
Chairman of the Management Board
President, Chief Executive Officer, Director
Dong Seop Chi
Myoung Young Lee
Jeong Jun Yoo
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SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said on Friday refining margins in 2021 are expected to gradually improve as the COVID-19 situation gets better and demand recovers.
The United States International Trade Commission (ITC) on Monday delayed a decision in a trade secrets case involving South Korean battery makers LG Chem and SK Innovation to Dec. 10.
The United States International Trade Commission (ITC) on Monday delayed a decision on South Korea's chemicals and electric vehicle battery maker LG Chem Ltd's complaint its cross-town rival SK Innovation Co Ltd misappropriated electric vehicle battery trade secrets.
Two refiners in South Korea, the world's fifth largest crude oil importer, posted their biggest losses ever in the first half when oil prices slumped as the COVID-19 pandemic ravaged fuel demand.
SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said on Wednesday that refining margins are expected to improve in the second half of this year due to demand driven by a gradual global economic recovery.
South Korea's SK Innovation has signed a deal to operate the offshore oil block 16-2 off southern Vietnam, a unit of Vietnam's state oil firm PetroVietnam said on Thursday.
South Korea's rival battery-makers LG Chem and SK Innovation, which supply Volkswagen, Ford and GM, are caught in a growing row in the United States as the quest to create jobs complicates an ongoing legal fight, documents seen by Reuters show.
SK Innovation, owner of South Korea's top refiner SK Energy, said on Wednesday that refining margins will come under pressure because of a fuel demand slump and a glut of refined products caused by the coronavirus pandemic.
South Korea's SK Innovation Co Ltd, a supplier for Volkswagen <VOWG_p.DE> and Ford Motors, will spend $727 million to build its second electric vehicle (EV) battery plant in the United States, the company said on Tuesday.
South Korea's SK Innovation Co Ltd said on Tuesday that its U.S. unit will spend $727 million to build its second electric vehicle (EV) battery plant in the United States to stably supply batteries to automakers.
A U.S. trade panel preliminarily ruled in favor of South Korean electric vehicle (EV) battery maker LG Chem <051910.KS> which had accused crosstown rival SK Innovation <096770.KS> of misappropriating trade secrets, the companies said on Sunday.
A U.S. trade panel ruled on an interim basis in favour of South Korean electric vehicle (EV) battery maker LG Chem which had accused crosstown rival SK Innovation of misappropriating trade secrets, LG Chem said on Sunday.
* Demand for diesel, cleaner shipping fuels to support margins
South Korea's SK Innovation Co Ltd plans to build a second electric vehicle (EV) battery plant in the United States and is considering expanding another factory in Hungary to meet soaring demand for EV cells, its chief executive told Reuters.
South Korea's SK Innovation plans to build a second electric vehicle battery factory in the United States and is considering an expansion of an electric vehicle battery plant in Hungary, the company's chief executive told Reuters.
Hyundai Motor <005380.KS> and affiliate Kia Motors <000270.KS> have decided to secure electric vehicle batteries from SK Innovation <096770.KS> for the next four to five years, Maeil Business Newspaper said on Friday, citing industry sources.
South Korean battery maker SK Innovation on Monday said it would supply battery cells to a Chinese-made plug-in hybrid vehicle model that has been recommended for subsidies from Beijing.
South Korean battery maker SK Innovation has signed a six-year deal to buy up to 30,000 tonnes of cobalt from miner Glencore, allowing it produce batteries for 3 million electric vehicles.
Battery materials developer Australian Mines Ltd said on Friday a cobalt and nickel supply agreement with South Korean battery maker SK Innovation has been terminated.
* Expects higher demand for low sulphur fuel and marine gas oil
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