SK On, a leading global electric vehicle battery and trading company, announced that the road that that connects one of the Hungarian plants with the nearby town, Iváncsa, has been officially renamed as 'SK road’ (SK út) in recognition of the company’s role and presence in the region. Located in Iváncsa, Fejér County, the newly named road spans approximately 1.8 km, extending from the entrance of the Iváncsa Industrial Complex to SK On's Iváncsa facility. This road also connects the plant to Hungary's capital, Budapest, via the M6 motorway. SK On Hungary held a ceremony on November 12, attended by key local figures, including Tibor Molnár, Mayor of Iváncsa, and Sejin Kim, Managing Director of SK On Hungary. “It is a great honor and privilege to officially name the public road leading to and running around our factory “SK út,” with the trust and support of the community,” said Sejin Kim, Managing Director of SK On Hungary. "From the very beginning, we have regarded Iváncsa and the surrounding region as our home. We deeply value the talent and expertise of the people here, and we believe in the strength of cooperation and partnership.” Following the ceremony, attendees took a firsthand look at the advanced battery manufacturing process at the Iváncsa plant. “I am very pleased to be invited to this meaningful naming ceremony and factory tour. As the largest company in the region, SK On Hungary plays a pivotal role not only in Iváncsa but also in the greater Dunaújváros area,” said Molnár Tibor, Mayor of Iváncsa. “We will continue to do our utmost to foster a strong relationship with SK On, and I believe this event marks a new milestone in that journey.” The Iváncsa plant is SK On's third battery production facility in Hungary, following the first (7.5GWh) and second (10GWh) plants in Komárom. The investment decision for this third plant was made in January 2021, with construction beginning in the third quarter of the same year. Mass production commenced in the second quarter of 2024. The Iváncsa plant has an annual production capacity of 30GWh, significantly increasing SK On's total battery production capacity in Europe to 47.5GWh. The Iváncsa facility is equipped with cutting-edge machinery and advanced automation systems, while also incorporating the manufacturing expertise from its Komárom plants. As a result, the Iváncsa plant achieved a production yield exceeding 90% within just three months of mass production, reaching the level of early stabilization. Typically, a new facility requires around six months to stabilize, meaning the ramp-up period at Iváncsa was halved. SK On has been actively supporting the local community to foster mutual growth. In 2021 and 2022, the company donated a total of 15 million forint to the local public foundations in Iváncsa. These funds were used to enhance the urban environment, upgrade school facilities, revitalize local events, and provide essential supplies to vulnerable residents.   [Photo] SK Road (SK út) in Iváncsa, Hungary   ■ Related articles - The Great Music Festival in Hungary: “Breaking boundaries and discovering new abilities through music” - SK Innovation, SK On Hungary to nurture talents of musicians with developmental disabilities - SK Boulevard unveiled, celebrating SK On’s local impact in Jackson County

Welcome back to SK Innovation’s Daily Drop, where we explore how petrochemicals influence our daily lives. In our quest for the perfect tumbler—one that keeps our coffee piping hot in winter and our iced tea refreshingly cold in summer—have you ever paused to consider what it's actually made of? Beneath the sleek exterior of our everyday tumblers lies a fascinating story of materials, many of which originate from petrochemicals. These compounds play a crucial role in making our tumblers durable, lightweight, and effective. Let's dive in and see how these petrochemical materials make our tumblers the trusty companions they are, ready for any beverage adventure!   (Swipe left to check the slide)     ■ Related articles - Art Supplies: The hidden magic of petrochemicals in art supplies - Suitcases: Your reliable travel companions packed with petrochemicals - Umbrellas: The petrochemical marvels that shield you from both rain and sun

■ Seosan and Yancheng 1 factories become the first SK On plants to achieve Platinum-level certification ■ Certification highlights SK On’s commitment to ESG goals through waste reduction initiatives   SK On, a leading global electric vehicle battery and trading company, announced today that it has achieved the highest certification level from UL Solutions' Zero Waste to Landfill (ZWTL) validation program for its facilities in South Korea and China. UL Solutions, a global safety science leader, offers the ZWTL validation program to support organizations in measuring and qualifying their waste management efforts. This program certifies sites based on their recycling rates, with the goal of eliminating waste incineration and landfill disposal. It offers three certification levels: Platinum (99.5-100% recycling), Gold (95-99.5%), and Silver (90-95%). SK On’s Seosan plant in South Korea received the Platinum certification in September, followed by China’s Yancheng Plant 1 in November. This certification is valid for one year, with annual renewal and level reassessment required for every year. The achievement marks the first time an SK On facility has received UL Solutions' highest certification level. In South Korea, SK On's Seosan plant earned the recognition two years after being rated Gold in 2022. In China, Yancheng Plant 1 became SK On’s first global facility to be certified at this level, achieving the honor for its exemplary waste management system from the initial assessment. Under its Safety, Health, and Environment (SHE) management framework, SK On has been steadily increasing the recycling rate of waste generated at its sites each year. In efforts to improve recycling rates, SK On analyzed recycling data by waste type and conducted simulation exercises. Moving forward, SK On plans to further strengthen waste management practices at its domestic and global facilities. “This certification reflects SK On's commitment to reducing waste across our facilities,” said Youngrok Jeon, Head of SHE at SK On. “We will continue to expand our SHE initiatives as part of our dedication to ESG management.”   [Photo] Panoramic view of SK On's Seosan plant