SKC Expands Global Territory... "Considering Advanced Materials Investment in Vietnam"

President Park Won-cheol Meets Haiphong Party Secretary for Business Agreement

SKC is strengthening its global network based in the Southeast Asian region by partnering with Haiphong City, a key industrial city in Vietnam.

On the 12th, SKC and Haiphong City signed a 'Comprehensive Agreement on Eco-friendly, High-tech Materials' at SKC's headquarters in Jongno-gu, Seoul. The signing ceremony was attended by key officials from both sides, including Park Won-cheol, President of SKC, Shin Jeong-hwan, Head of Business Development Division, Le Tien Zhou, Party Secretary of Haiphong City and Member of the National Assembly, and Le Trung Kien, Chairman of the Haiphong Economic Zone Management Committee.

Based on this agreement, SKC plans to gradually review investments in future advanced eco-friendly materials businesses in Haiphong City.

Park Won-cheol, President of SKC, reporting this year's management plan at the 50th Annual General Meeting of Shareholders held at the headquarters in Jongno-gu, Seoul on March 28 [Photo by SKC]

Haiphong City has agreed to provide full support in areas such as power and environmental infrastructure if SKC decides to invest, and will also participate in efforts to attract incentives from the central government.

Haiphong City is one of Vietnam's five centrally governed cities, along with the capital Hanoi and the southern city of Ho Chi Minh. It is recognized as Vietnam's number one port city and a key industrial city. To date, it has attracted investments totaling 10 billion USD (approximately 13 trillion KRW) from Korean companies. Haiphong City’s strategy is to transform into a sustainable industrial city by newly attracting high value-added advanced materials and eco-friendly materials industries.

SKC began its full-scale entry into Southeast Asia by constructing a large-scale copper foil factory with an annual capacity of about 50,000 tons in Kota Kinabalu, Malaysia, through its battery copper foil investment company SK Nexilis in 2021. The Malaysian copper foil factory will be completed in the second half of this year and will start full-scale mass production. By securing an investment base in Vietnam through this agreement, SKC will be able to further strengthen its Southeast Asian investment, which is one axis of its global expansion.

An SKC official said, “Vietnam is attracting attention as a base for global companies due to its excellent infrastructure,” adding, “Among them, Haiphong City has outstanding accessibility and offers significant advantages as an investment area for future global expansion.”

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