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SK Innovation, SK Energy and SK Global Chemical Set Sail, to Lead SK’s Energy and Technology Business Contents
title SK Innovation, SK Energy and SK Global Chemical Set Sail, to Lead SK’s Energy and Technology Business
attachment date 2011-01-03 count 13757
SK Innovation, SK Energy and SK Global Chemical Set Sail, to Lead SK’s Energy and Technology Business


- Ceremony held on 1st floor of SK Seorin Building to mark group’s new energy business companies
- SK Innovation to play leading role as a growth engine in technology and energy areas
- Two subsidiaries seek mutual growth with SK Innovation by focusing on key areas and enhanced flexibility

SK Innovation (President & CEO Ja-Young Koo, www.skinnovation.com), SK Energy (President Bong Kyun Park, www.skenergy.com) and SK Global Chemical (President Hwa Youp Cha, www.skglobalchemical.com) were officially launched as three technology and energy companies of SK Group at a ceremony held at SK main office building in Seorin-dong, Jongro-gu on the 3rd.

The launch of SK Innovation was decided at a board of directors’ meeting held in September last year in which participants agreed to split the company into petroleum and chemical business. The decision later won approval at a preliminary shareholders’ meeting held on November 26th.

SK Innovation will be responsible for exploring future growth engines in the technology and energy areas, with three subsidiaries in place -- SK Energy leading petroleum business, SK Global Chemical engaging in chemical business and SK Lubricants in lubricant area.

At the ceremony, SK Energy and SK Global Chemical were launched as subsidiaries of SK Innovation. These subsidiaries will grow together with SK Innovation by focusing on their respective business area, accelerating the decision-making process and ensuring flexibility in business.

“In the future, businesses will be able to achieve growth through continuous changes and innovation and prompt and flexible decision-making and implementation process,” Chairman Tae Won Chey gave his congratulatory speech during the ceremony. “I believe that SK Innovation and the three subsidiary companies will promote mutual growth by helping each other to grow while maintaining independent management.”

하단 텍스트 참조

[President of SK Energy Park Bong-Gyun (far left), SK Chairman Choi Tae-Won (second left), president of SK Innovation Koo Ja-Young (second right), president of Global Chemical Cha Hwa-Yeop (far right)]

하단 텍스트 참조

[Vice President of SK Choi Jae-Won(front row, third left), SK Chairman Choi Tae-Won (front row, fourth left), president of SK Innovation Koo Ja-Young (third right)]

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