INSIGHT
World’s top 3 automobile markets (Europe, USA, China) accelerate shift to electric vehicles
2021.02.23
  “The Stone Age did not end for lack of stone.” – Ahmed Zaki Yamani, former Oil Minister of Saudi Arabia   The world’s automobile industry is accelerating the shift from internal combustion engines to electric vehicles (EV) due to enhanced international environmental policies introduced to reduce carbon footprints. Europe, USA and China, known as ...
Will refining margins rebound because of the Japan earthquake and US cold snap?
2021.02.17
  Recently, the market has been expecting that demand for petroleum products will recover thanks to the expansion of COVID-19 vaccination and supply disruptions of oil from the U.S. and Japan. In particular, due to the 7.3-magnitude earthquake that struck off the coast of Fukushima in Japan and the cold snap in Texas, the U.S., ...
Scramble for hegemony over EV battery accelerates in Europe, USA and China - the world's top 3 automobile markets
2021.02.03
  Europe, USA and China, known as the top three automobile economies of the world, are fueling up the competition to dominate the global electric car battery market, in line with the surging growth of the electric car markets. Europe and US, in particular, are racing fast to outrun Asia.   | “Europe needs a strong ...
K-Batteries keep making headway: SK Innovation gains more ground in the global market
2021.01.26
  Korean EV (electric vehicle) battery manufactures are gaining ground, and among them, SK Innovation has been making big moves by increasing its share in the global EV battery market. The industry predicts that in 2021 SK Innovation’s share in this market will even increase faster.   According to data released by market research firm ...
SK Innovation’s ESG management ⑤ The development of battery recycling technology
2021.01.18
  In the last two articles of this series, we were able to find out how SK Innovation is integrating ESG management into its businesses through the examples of waste plastics reborn as new materials and Ulsan Complex reborn as an eco-friendly plant. Today, let’s take a look at SK Innovation’s electric vehicle (EV) battery ...
All-digital CES 2021 unveiled technology innovations for a sustainable future
2021.01.14
  “CES looks different this year, but the foundation of the show – innovation, connection, collaboration – remains strong and consistent.” (Gary Shapiro, President & CEO of CTA)   As exhibition is one of the areas that are most affected by the COVID-19 Pandemic, CES, the world’s largest consumer electronics and technology showcase, is no ...
SK Innovation creates trickle-down effect in Georgia through its EV battery plants
2021.01.14
  SK Innovation’s large-scale investment in EV battery manufacturing plants in Georgia, USA, has created a trickle-down effect in downstream industries.   | SK Innovation’s Georgia EV plants will reach annual capacity of 21.5GWh by 2023   It was revealed that SK Innovation is going to start the pilot production of the first battery plant ...
Norway is the first country in the world that EVs recorded 50% market share in 2020
2021.01.13
  As nations are making more effort to bring environmentally positive changes, the focus of the global automobile industry is shifting rapidly to EVs. This could be observed in the case of Norway, one of the world’s largest oil exporter. Recently, it has been reported that more than 50% of new car sales in Norway ...
SK Innovation secured green bonds to boost Georgia EV plants
2020.12.29
  SK Innovation has recently announced it will finance 1.09 trillion KRW (about 986 million USD) to the battery manufacturing plants in Georgia through green bonds. The bonds will be issued by SK battery America, a global subsidiary SK Innovation, to fund the construction of the second plant in Georgia.   Last year, SK battery ...
SK IE Technology’s FCW wins CES 2021 Innovation Award
2020.12.20
  On 15th December (U.S. local time), SK IE Technology’s brand of colorless cover material for flexible displays FCW (Flexible Cover Window) was announced to be selected as a CES 2021 Innovation Awards honoree in the wearable technology sector.   CES (Consumer Electronics Show) is an annual trade show organized by Consumer Technology Association (CTA) ...
SK Innovation’s ESG management ④ SK Innovation Ulsan Complex reborn as an eco-friendly petrochemical plant
2020.12.11
  Following our 3rd episode of how SK Innovation is practicing ESG management, this time we visited SK Innovation Ulsan Complex (“Ulsan CLX”), the major production base in Korea of SK Innovation. Let’s find out how Ulsan CLX can obtain a 300 billion KRW operating profit but also reduce environmental pollution through ESG management.   ...
SK Innovation’s ESG management ③ Plastic waste reborn as chemical products
2020.12.03
  Through the previous posts of “SK Innovation’s ESG management” series, we have introduced why it is important for us to understand and integrate ESG management in our performance. This time, let us get to know how SK Innovation and its subsidiaries have been preparing for ESG management up to date.   01 | Global ...