“It’s now not just about securing minerals supply, but understanding ethics and geopolitics.”   Every so often I scroll through my social media feeds to find disturbing pictures of child labor or environmental damage that are purported to be the result of mining for battery minerals.   While these pictures and stories are sometimes ...

  As SK Innovation celebrated its 60th anniversary in 2022, 2023 marks the beginning of a new 60 years of its history, and it is also the second year the company and all subsidiaries execute their Financial Story.   To learn more about the company’s strategies and plans for this year, we’ve met the executives ...

■ SK On’s capital will be raised by KRW 2.8 trillion, of which KRW 2 trillion will be invested by SK Innovation and KRW 0.8 trillion by Korea Investment Private Equity KRW 0.8 trillion ■ SK Innovation views this investment as “a preemptive response to battery business demand secured by customers” and expects “positive impact ...

■ Cooperating with Hyundai Motor Group to supply batteries to EV factories in the US after 2025 ■ Joining hands to secure initiative and expand North American EV market share through the MOU   SK On announced today that it signed a memorandum of understanding (MOU) with Hyundai Motor Group to strengthen the North American ...

  “It’s the ‘IT IS’ problem that we need to solve for EVs, not so much the vehicles,” a senior automotive executive friend told me. IT IS stands for “It’s The Infrastructure, Stupid”, a wordplay on Bill Clinton’s 1992 presidential campaign slogan of “It’s the Economy, Stupid.”   And he’s not wrong.   We need ...

■ Easy check on the battery status, including car deterioration, distance to empty, and charging history ■ Plans underway to expand into the battery diagnosis verification business in the future, expectations to vitalize of the secondhand EV market   A service was released where users can easily check the mileage and charging history of the ...

■ MOU with Australian firm includes comprehensive cooperation in lithium supply, joint investment and development of downstream lithium assets ■ MOU to beef up SK On’s supply chain resilience in response to rapid business growth and geopolitical risks   SK On announced today it signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources ...

■ SKIET signs a business MOU and holds an executive meeting with VinES, the electric vehicle (EV) battery manufacturer of Vingroup, the largest private corporation in Vietnam ■ VinES aims to expand its EV battery business beyond the borders of Vietnam, with VinFast’s US factory complex in 2024 ■ Roh Jae-sok, CEO of SKIET, said, ...

■ SK On signs a business agreement with the Korea Automotive Inspection and Warranty Association on the 28th to take the lead in standardization of diagnostic evaluations   ■ Improving consumer convenience by providing accurate valuation, building a basis for the virtuous resource cycle   SK On is joining hands with an expert organization to ...

▲ CEO of SK IE Technology Roh Jae-sok   Q1. SK IE Technology (hereafter, SKIET) is currently in the limelight for its business and stakeholders. Please share your resolutions and goals for 2022, as March is already around the corner.   With the rapid growth of the electric vehicle (EV) market in the world, the ...

■ Signed a business agreement with K Car, the No.1 used car platform company in Korea, on February 24 – To certify after measuring the lifespan and value of the batteries of used cars that K Car purchases and sells – To provide a reliable service by calculating the battery price of used electric cars ...

▲ Jee Dong-seob, CEO of SK On   2022 marks the first year of being an independent company for SK On after the spin-off from SK Innovation in October 2021. In the recent interview with SKinno News, Jee Dong-seob, CEO of SK On, shared that “When SK On develops our dynamic force for the virtuous ...