SK Group
South Korean conglomerate
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March 18 2025 | SK Innovation released its Annual Report for the Fiscal Year 2024, detailing the company's corporate governance and shareholder structure. |
February 2025 | SK On merged with SK Enterm, further consolidating the company's organizational structure. |
2024 | SK Telecom recorded sales of KRW 4.532 trillion, operating profit of KRW 533.3 billion, and net profit of KRW 280.2 billion in the third quarter. |
December 23 2024 | SK sold 85 percent of its subsidiary SK Specialty to Hahn & Company, a domestic private equity fund, for a stake worth about 2.7 trillion won. |
November 2024 | SK Innovation and SK E&S completed a merger, creating a new entity with total assets of KRW 105 trillion. Simultaneously, SK On merged with SK Trading International. |
November 2024 | SK Group Chairman Chey Tae-won was appointed chairman of the board of directors of Soldigm, SK Hynix's U.S.-based NAND flash memory unit. |
August 20 2024 | SK Networks sold its rental car unit to a Singapore-based private equity fund for 820 billion won (US$618 million). |
January 2024 | SK Enthem became the 9th subsidiary of SK Innovation, spinning off from SK Energy to handle import and distribution of crude oil and petroleum products. |
2022 | SK On ranked fifth in the world with a market share of 7 percent according to SNE research in the first half of the year. |
July 2022 | SK Group announced a $22 billion investment in the United States across semiconductor, green energy, bioscience, and other technology industries, with a total planned investment of over $52 billion in the US by 2025. |
2021 | SK Wyverns was sold to E-Mart and subsequently renamed SSG Landers. |
2021 | SK Group recorded combined revenues of $133 billion, with $50 billion coming from exports, demonstrating significant global economic performance. |
October 1 2021 | SK Innovation officially completed the spin-off of its battery business, creating 'SK On'. |
October 1 2021 | Remaining two business units—batteries and oil exploration—were spun off into SK On and SK Earthon, respectively. |
September 2021 | Ford and SK Innovation announced a joint venture to manufacture batteries in the Kentucky/Tennessee region for Ford motor vehicles. |
2019 | The company decided to spin off its material division and established SK IE Technology. |
2019 | SK Innovation agreed to pay LG Chem $1.8 billion in cash and royalties to avert the import ban, resolving the trade secrets dispute. |
2019 | The ITC sided with LG Chem and issued a limited 10-year exclusion order prohibiting imports of certain lithium-ion batteries by SK Innovation into the United States. |
2019 | LG Chem sued SK Innovation at the U.S. International Trade Commission (ITC) for misappropriation of trade secrets by hiring former employees, requesting an import ban on SK Innovation's lithium-ion batteries and infrastructure technology. |
March 21 2018 | SK Innovation announced the acquisition of U.S. shale oil and gas company Longfellow Nemaha. |
March 31 2017 | SK Innovation announced the closure of its electric vehicle battery plant in China, which had been closed since January of that year due to joint venture partners halting production. |
February 2017 | SK Group acquired the polyethylene acrylic acid business of Dow Chemical Company for $370 million and planned to increase battery production capacity from 1.9 to 3.9 GWh per year by the end of 2018, targeting supply to Kia and Mercedes. |
July 2013 | Company restructured into an independent management system, dividing into two business units: E&P (Exploration & Production) and B&I (Batteries and Materials), and establishing five subsidiaries: SK Energy, SK Global Chemical, SK Lubricants, SK Incheon Petrochem, and SK Trading International. |
2011 | Petroleum business was spun off to become SK Energy, and chemical business was spun off to become SK Innovation. |
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