SK to Invest 5.1 Trillion KRW in Advanced Materials by 2025

Focused Investment in Semiconductors and Batteries

SK has decided to invest a total of 5.1 trillion KRW in advanced materials businesses, including next-generation batteries, by 2025. On the 15th, SK Inc. announced this during its annual corporate briefing for institutional investors and analysts, presenting its 'Mid- to Long-term Growth Strategy for Advanced Materials Business.'

SK Inc. stated, "We are pursuing the preemptive acquisition of future core materials through synergy with existing businesses and proactive investments," adding, "We will leap forward as a global materials company through aggressive investment in high value-added, high-growth new areas, global collaboration, and mergers and acquisitions."

SK Inc. plans to expand the investment equity value from 7 trillion KRW this year to over 25 trillion KRW by 2025. It also set a target to increase EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) from 1.1 trillion KRW to 3.4 trillion KRW.

To achieve this, SK Inc. and its subsidiaries will invest 2.7 trillion KRW in semiconductor materials business, 1 trillion KRW in compound battery materials, and 1.4 trillion KRW in next-generation battery materials. Watson, the global No.1 copper foil manufacturer in which SK Inc. holds shares, will also invest 1 trillion KRW independently.

Additionally, SK Inc. plans to increase the production volume of silicon wafers and promote the localization of core materials. It will expand domestic production plants to produce 50,000 tons annually of next-generation cathode materials, and plans to start mass production of silicon anode materials in 2023.

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