SK E&S Invests 138.5 Billion KRW in US Energy Solutions Business
[Asia Economy Reporter Oh Ju-yeon] SK E&S announced on the 30th that it will invest 138.5 billion KRW in cash to establish a JV for the development and promotion of residential energy solutions in the United States. This amount exceeds 2.5% of SK E&S's consolidated equity capital as of the end of 2019. The company stated, "The planned investment timing is August this year, but the investment amount and timing may be subject to change depending on negotiations, approval from relevant authorities, and the progress of local business."
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