SK IE Technology’s market debut today: “To be reborn as the global No. 1 material solution company”
2021.05.11

■ Listing ceremony held at the Korea Exchange (KRX)’s Seoul office in Yeouido, Seoul, Korea on May 11th

■ CEO Rho Jae-sok announced ambitions for the company, “We feel a strong responsibility to meet the financial market’s expectations, improve our competitiveness and play our part to boost EV-related businesses.”

 

On the 11th, SK Innovation’s materials subsidiary, SK IE Technology (hereinafter referred to as SKIET) went public and held its listing ceremony at the Korea Exchange (KRX)’s Seoul office in Yeouido, Seoul, South Korea.

 

The event was attended by Chairman of the Korea Exchange Sohn Byung-doo, representatives from the book runners including CEO of Mirae Asset Securities Choi Hyun-man, CEO of JP Morgan Park Tae-jin, and CEO of Korea Investment & Securities Co. Jung Il-moon, and CEO of CS Securities Lee Chun-ki. CEO of SK Innovation, SKIET’s largest shareholder, Kim Jun and CEO of SKIET Rho Jae-sok represented SK to participate in the event.

 

The ceremony began as CEO of SKIET Rho Jae-sok struck a large drum at the lobby of the KRX Seoul office’s annex building, receiving congratulations from the guests. After signing the listing contract and receiving the commemorative plaques, CEO of SK Innovation Kim Jun rang the opening bell to mark the beginning of trading, ending the ceremony.

 

SKIET’s CEO Rho Jae-sok said, “I would like to send my sincere gratitude to everyone who has helped us along the way. We will strive to improve our competitiveness and do our part for the growth of EV-related businesses with distinctive technology.” He also added, “I feel a profound responsibility to keep up with the financial market’s expectations. Please look forward to SKIET’s future as the global No. 1 material solution company.”

 

SKIET has built an outstanding position in the lithium-ion battery separator market, which is its core business. It ranked first in the premium separator market last year. The company’s distinctive technologies including sequential stretching, CCS coating among others make it unrivaled. Based on such technologies, SKIET’s separators are made thin, but sturdy and safe.

 

SKIET’s annual production capacity of separators has now reached 1.03 billion ㎡. As the company is expanding its investment in China and Poland, the total production capacity is expected to reach 2.73 billion ㎡ by 2024. This is the amount that can be used in approximately 2.73 million electric cars.

 

SKIET was recognized for its corporate value based on such competitiveness and successfully completed IPO by setting a record-high of over 80 trillion KRW in stock subscription deposits.

 

[Photos]

 

(Photo 1) CEO of SK Innovation Kim Jun (4th from right), CEO of SKIET Roh Jae-sok (5th from right), and others celebrate SKIET’s listing at the ceremony held at Korea Exchange (KRX)’s Seoul office in Yeouido, Seoul, South Korea, on May 11th 2021.

 

(Photo 2) CEO of SKIET Roh Jae-sok hits the drum to celebrate SKIET’s listing at the ceremony held at Korea Exchange (KRX)’s Seoul office in Yeouido, Seoul, South Korea, on May 11th 2021.

 

(Photo 3) CEO of SKIET Roh Jae-sok delivers a speech to announce SKIET’s listing at Korea Exchange (KRX)’s Seoul office in Yeouido, Seoul, South Korea, on May 11th 2021.

 

(Photo 4) CEO of SK Innovation Kim Jun and CEO of SKIET Roh Jae-sok take photos at SKIET’s listing ceremony held at Korea Exchange (KRX)’s Seoul office in Yeouido, Seoul, South Korea, on May 11th 2021.

 

 

 

 

Author | SKinno News