|Aug 17, 2017|
|Aug 17, 2017|
Currency in KRW
Oil & Gas Production
|Full time employees:||--|
SK Innovation Co., Ltd. engages in the development and production of batteries and information electronic (I/E) materials. It operates through the following business areas: Exploration and Production, Battery, and I/E Materials. The Exploration and Production business develops and secures energy resources such as liquefied natural gas, crude oil, and coal. The Battery business provides cell, module, pack, and battery management system. The I/E Material business offers lithium ion battery separator, tri-acetate cellulose film, and flexible copper clad laminate. The company was founded on July 3, 2007 and is headquartered in Seoul, South Korea.
SK Innovation is a leading oil and chemical company in South Korea, and a core business of the SK group, the country's third-largest conglomerate. It deals with a wide range of businesses, from petroleum development to batteries and information electronics materials. It has also extended its efforts to the development of nonconventional energy resources, such as shale-derived resources.
The company's origins date back to the establishment of Korea Oil, the country's first oil refining company, in 1962. In addition to the business of its own, SK Innovation has widened its business through its subsidiaries. These include: SK Energy for oil refinery and wholesale; SK Lubricants for production of lubricating oil for leading automakers worldwide, including BMW of Germany; and SK Global Chemical for chemical products.
The company is engaged in a large-scale project in the U.S. state of Oklahoma, where it has acquired a stake in an oil producing field. As the first attempt ever among South Korean businesses, the company is preparing to produce oil and gas from the field's shale layers. The company expects the production of shale-derived energy to eventually reach about 15% of total capacity in the field.
The company is also actively involved in new businesses. It has signed with Chinese businesses, including a leading automaker, to form a joint venture in China to produce battery packs for electric vehicles, with a capacity target of 20,000 units by 2017.
In addition, SK Global Chemical has agreed with Saudi Basic Industries to launch a joint effort to produce and market Nexlene, a high-performance polyethylene originally developed using SK's own technology.
In the news
August 1, 2017 8:26 pm JST
August 1, 2017 8:21 pm JST
July 27, 2017 9:33 pm JST
July 27, 2017 8:30 pm JST
SK Group seizes second place, helped by Hynix's strong performance
July 24, 2017 8:17 pm JST
High-tech is in, heavy industry is out as the president sets his priorities
June 15, 2017 10:00 am JST
Hanmi Science tops South Korea's Asia300, while SK Innovation posts worst performance
June 10, 2017 12:00 pm JST
- Local currency
- US Dollar
|Income before tax||2,337.98B|
|Dividends per share||6,400|
|Operating cash flow||3,518.19B|
Currency in KRW
|Income before tax||2,015.17M|
|Dividends per share||5.51|
|Operating cash flow||3,032.43M|
Currency in USD
- Vice Chairman & Chief Executive Officer: Chul-Khil Chung
- Head-Operational Support: Jong-Rin Park
- Head-Finance: Jin-Seok Cha
- Head-Technology Strategy: Seung-Hwan Choi
- Executive Board Member: Young-Gyun Jeong
- SK Holdings Co., Ltd.(33.4%)
- National Pension Service of Korea(10.0%)
- The Vanguard Group, Inc.(1.5%)
- BlackRock Fund Advisors(1.4%)
- Dimensional Fund Advisors LP(1.4%)
- JXTG Holdings, Inc.(0.9%)
- Norges Bank Investment Management(0.9%)
- APG Asset Management NV(0.7%)
- Schroder Investment Management Ltd.(0.6%)
- SK Innovation Co., Ltd.(0.5%)
- Website: http://www.SKinnovation.com
- Address: SK Building, 26 Jong-ro, Seoul, 03188, South Korea
- Phone: +82.2.2121.5114
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.