[New Year's Message] Kim Jun, President & CEO, "We Will Create a 'New SK Innovation' Through Comprehensive and Holistic Change"

Kim Jun, President and CEO of SK Innovation

[Asia Economy Reporter Hwang Yoon-joo] Kim Jun, CEO of SK Innovation, stated, "We will create a 'New SK Innovation' through comprehensive and all-encompassing changes."

In his New Year's address on the 4th, CEO Kim said, "To fundamentally overcome the fatal survival threats caused by the novel coronavirus infection (COVID-19), we have set our financial story toward becoming a Green Energy & Materials-focused company," adding, "This is our direction."

SK Innovation will celebrate its 60th anniversary next year. The company explained that this year is significant as the inaugural year for building the foundation for sustainable growth over the next 60 years, shifting away from 60 years of growth centered on petrochemicals (Carbon) to focus on eco-friendly (Green) businesses.

CEO Kim presented three core strategic directions to achieve Green Balance 2030 centered on eco-friendliness (Green): ▲ Accelerate future growth focused on Green ▲ Deliver innovative results in the petrochemical (Carbon) business ▲ Establish a culture of confronting crises head-on.

CEO Kim emphasized, "The battery and materials businesses are now at the center of green growth and have begun to be valued for their growth potential in the market. Therefore, we must strengthen technological competitiveness through bold investments and establish ourselves as a global top company as soon as possible by expanding global production bases." Regarding the battery business, he added that additional value should be secured through SK Innovation's unique expansion into the BaaS (Battery-as-a-Service) business.

CEO Kim stated, "The oil, chemical, and lubricant businesses, currently facing survival challenges, must actively explore various domestic and international partnering options and demonstrate visible results, while concretizing eco-friendly business models such as biofuel, eco-friendly lubricants, eco-friendly trading, and hydrogen." He emphasized, "In particular, the chemical business must transform into a 'Green Chemical Company' that leads the resolution of the global environmental issue of plastics."

He continued, "By executing the financial story with speed and producing tangible results, we will gain trust and recognition from stakeholders," and stressed, "Let us create the 'New SK Innovation' that completes ESG (Environmental, Social, Governance) management."

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