‘SK On’ invests 470 billion KRW in Daejeon... "Accelerating next-generation battery development"

‘SK On’ will invest 470 billion KRW in its research center in Daejeon.

Lee Jang-woo, Mayor of Daejeon (left), is taking a commemorative photo with Ji Dong-seop, President of SK On, after signing an investment agreement at Daejeon City Hall on the 24th. Photo by Daejeon City

The city of Daejeon announced on the 24th that it signed a business agreement with SK On to attract this investment.

According to the agreement, SK On plans to expand its research center facilities in Wonc-dong, Yuseong-gu, Daejeon by 2025, and establish a next-generation battery pilot plant and a global quality control center.

The new construction and expansion will utilize the existing site within the research center, covering a total floor area of 73,400㎡ (22,000 pyeong).

The city expects that the expansion of research facilities will create more than 400 new jobs.

SK On is recognized as one of the fastest-growing companies in the global battery market, based on its excellent research and development (R&D) capabilities, including the successful development of high-nickel batteries, and the establishment of a global mass production system.

By making a large-scale investment in Daejeon, SK On aims to expand infrastructure and enhance its competitiveness in securing orders, accelerating the development of form factor batteries and next-generation batteries such as solid-state batteries.

The city plans to support SK On’s investment and use it as a catalyst to continue attracting companies to areas such as Ansan Advanced Defense Industrial Complex and Pyeongchon Industrial Complex in Seo-gu.

Lee Jang-woo, mayor of Daejeon, said, “We support SK On’s investment decision to secure future market leadership,” and added, “The city will spare no effort to support companies so that they can steadily grow in the region.”

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