SK Invests 140 Billion KRW in Japanese Eco-Friendly Material Company TBM

[Asia Economy Reporter Kim Hyewon] SK Inc. announced that its Japan investment corporation signed a contract on the 1st to acquire a 10% stake (approximately 140 billion KRW) in TBM, a Japanese company specializing in eco-friendly materials.

TBM is a company producing 'LIMEX,' an eco-friendly material containing more than 50% inorganic substances such as limestone that can replace conventional plastic materials. Established in 2011, it is a rapidly growing unicorn company (a venture company valued at over 1 billion USD).

With this contract, SK Japan Investment Corporation will be able to sell LIMEX in Korea, the United States, and other markets.

In May, four companies?SK Inc., SKC, SK Materials, and SK Siltron?established SK Japan Investment Corporation and agreed to invest a total of 40 billion yen (approximately 408 billion KRW). SK Japan Investment Corporation plans to continue using ESG (environment, social, governance) as a core investment criterion to secure new growth engines.

Separately from the equity investment, SKC plans to establish a joint venture (JV) with TBM to jointly promote the biodegradable plastic business, aiming to develop heat-resistant and impact-resistant biodegradable LIMEX and expand its product lineup.

The contract signing ceremony, held via video conference this morning, was attended by Son Hyunho, CEO of SK Japan Investment Corporation; Park Woncheol, Vice President and Head of New Business Team at SK Supex Council; Nobuyoshi Yamasaki, CEO of TBM Japan; and Taichi Yamaguchi, Chief Strategy Officer of TBM.

This content was produced with the assistance of AI translation services.