▲ SK Earthon CEO Myeong Seong   On October 1st, 2021, SK Innovation’s E&P (Exploration and Production) Business has officially become an independent company with new corporate name: SK Earthon. “Earthon” is a coined word combining “earth” for “the globe” or “terrain”, and “on” for “continuation”. SK Earthon connotes the message of “Realizing the value of ...

■ Establishing a system to ensure independent management by businesses, seeking to maximize business/corporate value by laying a solid foundation for future growth ■ Company names ‘SK On’ were confirmed for battery and ‘SK Earthon’ for E&P businesses, reflecting ESG and global growth – President of Battery business Jee Dong-seob and President of E&P business Myeong Seong appointed ...

■ Set off to introduce pyrolysis oil to processes from late September with an eye on establishing a circular economy for plastic waste – Converting plastic waste to eco-friendly fuel oil utilizing a post-processing technology for removing impurities is part of the company’s Green Transformation strategy ■ Interests and support from the government such as the MOTIE ...

■ The agenda to separate the battery and oil exploration & production (E&P) businesses was passed at a 80.2% of approval rate at the extraordinary shareholders’ meeting today – The decision will unleash the potential and lay the foundation for the growth of the company’s battery and oil exploration and production businesses (E&P)   ■ ...

■ Board of Directors (BOD) decided to spin off the battery business and E&P business for green growth and increasing enterprise value – The approval is to take place in the extraordinary general meeting on September 16th, companies will officially be set up starting October 1st ■ SK Innovation to raise the enterprise value as ...

  SK Innovation has officially become the operator of Block 16-2 off southern Vietnam after completing the acquisition of 70% equity stake on July 21st. In order to reach this operatorship, previously SK Innovation had signed a Farmout Agreement (FOA) with the Vietnamese state-run company PetroVietnam Exploration Production Corporation (PVEP) in October last year, and ...

  In the process of exploring block 15-1/05 in the sea off southeastern Vietnam, SK Innovation additionally discovered crude oil.   SK Innovation drilled about 4,295 m in depth from early March in block 15-1/05 of Vietnam called the Lac Da Trang (meaning white camel) field. In the process, an oil layer with a total ...