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[Asia Economy Reporter Hwang Yoon-joo] SK Group Chairman Chey Tae-won met with John Ossoff, a Democratic U.S. Senator from Georgia visiting Korea, to discuss economic cooperation between the two countries centered on ESG (Environmental, Social, and Governance) initiatives.

According to SK on the 10th, Chairman Chey held a dinner meeting the previous evening at the SK Seorin Building in Jongno-gu, Seoul, with Senator Ossoff, Christopher Del Corso, Charg? d'Affaires of the U.S. Embassy in Korea, and others. SK was represented by Lee Wan-jae, President of SKC, and Ji Dong-seop, President of SK On.

Chairman Chey and Senator Ossoff shared a common interest in growth based on ESG, exchanging views on a wide range of topics including bilateral cooperation in green businesses such as batteries, battery materials, and hydrogen, as well as efforts to address climate change through greenhouse gas reduction. Senator Ossoff is a rising figure in U.S. politics emphasizing America’s role in climate change response and the need to build ecosystems around renewable energy. Chairman Chey had also met with Senator Ossoff during his visit to the U.S. in May as part of President Moon Jae-in’s economic delegation.

Chairman Chey stated, "SK Group plans to contribute to reducing greenhouse gases in the U.S., establishing a stable battery supply chain, and creating jobs through bold investments in eco-friendly businesses such as batteries and hydrogen," emphasizing, "SK Group’s investments in the U.S. are not merely for profit but aim to grow together by addressing social issues such as environmental and employment challenges within the country."

He continued, "SK’s green businesses, including SKC’s glass substrates and batteries produced by BlueOvalSK, a joint venture between SK and Ford, will account for 3.3% of the greenhouse gas emissions that the U.S. must reduce by 2030," proposing a policy approach that favors incentives such as tax benefits for greenhouse gas reduction rather than penalties, which could encourage active and voluntary participation from the private sector.

Senator Ossoff expressed strong agreement with Chairman Chey’s explanations and responded positively to further developing the proposed incentive system for greenhouse gas reduction into concrete policies.

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