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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