Kim Jun, SK Inno Vice Chairman, "Will Improve Battery Business Profitability"

At the General Meeting: "We Will Be Recognized as a Valuable Eco-Friendly Energy Materials Company"
Securing a Green Portfolio... Strengthening Market Dominance in the Materials Business

Kim Jun, CEO of SK Innovation, is speaking in his capacity as chairman at the SK Innovation extraordinary general meeting of shareholders held on the 16th at the SK Seorin Building in Jongno-gu, Seoul. On this day, SK Innovation held an extraordinary general meeting of shareholders and resolved the physical division plan for the battery and oil exploration and production (E&P) businesses. Photo by Kim Hyunmin kimhyun81@

[Asia Economy Reporter Oh Hyung-gil] Kim Jun, Vice Chairman of SK Innovation, stated, "We will secure new technologies related to future energy and the circular economy, commercialize them, and add new portfolios to significantly enhance corporate value."

At the 15th regular shareholders' meeting held on the 31st at the SK Seorin Building in Jongno-gu, Seoul, Vice Chairman Kim said, "We will focus on discovering new portfolios and significantly strengthen business development and research and development (R&D) functions to actively secure a technology-based green portfolio."

Kim emphasized, "Last year, SK Innovation and its eight subsidiary business companies each announced their unique financial stories and completed independent management systems for each business company. This year, we will devote ourselves to producing visible results and be properly recognized as an eco-friendly energy materials company."

He added, "The battery business will improve profitability by strengthening differentiated competitiveness with world-class battery manufacturing technology and safety as weapons, and the materials business will further strengthen market dominance by devising groundbreaking cost reduction measures."

Kim explained, "The existing refining, chemical, and lubricant businesses will continuously generate financial performance while implementing various eco-friendly transition measures to achieve Net Zero and secure the sustainability of each business."

Regarding the recycling business for used batteries, which is being developed as a growth business, he revealed that the pilot facility was successfully operated earlier this year, and by starting construction of the commercial plant, the business will enter the commercialization stage as planned.

At the shareholders' meeting, the appointments of Jang Dong-hyun as Vice Chairman and Non-Executive Director of SK Inc., Kim Tae-jin as Outside Director and Audit Committee member, and Park Jin-hoe as Outside Director were approved by shareholders' votes.

Vice Chairman Jang was highly evaluated for leading the transformation of SK Group's business portfolio focused on ESG (Environment, Social, and Governance), establishing new growth engines such as bio and hydrogen, and for his expertise in finance, strategy, and marketing. Newly appointed Outside Director Kim is currently a professor at Korea University Law School.

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