SK Innovation
SK이노베이션
Energy and battery group spanning refining to EV batteries (SK On).
Latest News
SK Innovation Tells Shareholders SKIET Merger Was Unavoidable, Promises Return Policy Early Next Year
SK Innovation defended its planned absorption merger with battery separator unit SKIET at a shareholder meeting, citing default risk at the subsidiary, and pledged to unveil a shareholder return policy by early next year.
Yuanta Lifts SK Innovation Target Price to 200,000 Won, Sees 10 Trillion Won Operating Profit
Yuanta Securities raised its target price for SK Innovation from 170,000 to 200,000 won, forecasting roughly 10 trillion won in operating profit this year as refining and lubricant margins surge.
KOSPI Reclaims 7,000 Mark as AI Chip Demand Powers Samsung Electronics and SK Hynix
South Korea's benchmark KOSPI index pushed back above 7,000 points as renewed optimism over AI-driven memory chip demand fueled sharp gains in Samsung Electronics and SK Hynix.
SK Innovation Shares Hit 52-Week High as Battery Unit SK On Wins Big U.S. ESS Deal
SK Innovation stock surged to a 52-week high after subsidiary SK On landed a roughly 1.5 trillion won ESS battery supply deal with a U.S. firm, sparking hopes the long-struggling battery arm could become a growth driver, though a planned merger with SKIET still tempers optimism.
SK On Lands Multi-Year Battery Supply Deal with US Firm NeoVolta Power
SK On, the battery arm of SK Innovation, has signed a five-year agreement to supply 9 gigawatt-hours of LFP cells to US energy storage firm NeoVolta Power, a contract Korean media value at roughly 1.5 trillion won.
SK Innovation Shares Jump 7% After SK On Wins 1.5 Trillion Won Battery Deal
SK Innovation stock surged more than 7% on Aug. 31 after battery unit SK On secured a roughly 1.5 trillion won energy storage system contract, far outpacing the broader market.
Timeline
- SK Innovation Tells Shareholders SKIET Merger Was Unavoidable, Promises Return Policy Early Next Year
- Yuanta Lifts SK Innovation Target Price to 200,000 Won, Sees 10 Trillion Won Operating Profit
- KOSPI Reclaims 7,000 Mark as AI Chip Demand Powers Samsung Electronics and SK Hynix
- SK Innovation Shares Hit 52-Week High as Battery Unit SK On Wins Big U.S. ESS Deal
- SK On Lands Multi-Year Battery Supply Deal with US Firm NeoVolta Power
- SK Innovation Shares Jump 7% After SK On Wins 1.5 Trillion Won Battery Deal