SK On Invests 10.5 Billion KRW in Hungarian Subsidiary
[Asia Economy Reporter Jang Hyowon] SK Innovation announced on the 30th that its subsidiary SK On will invest approximately 10.5 billion KRW in its Hungarian automobile battery manufacturing subsidiary, SK On Hungary Kft. After the investment, the ownership stake will be 100%.
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SK Innovation stated that the purpose of the investment is a "paid-in capital increase for G-VC (Global Validation Center) EU investment."
This content was produced with the assistance of AI translation services.
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