"Organizational Restructuring Complete: SK Ecoplant Led by Youngsik Kim Sets Sail with AI in Focus"

Integration of Solutions and Energy Divisions; Launch of AI Solutions Business
Youngsik Kim, Former Head of Mass Production at SK Hynix, Appointed as New President
Transformation Toward a Comprehensive Semiconductor and AI Company

SK Ecoplant has embarked on a transformation focused on artificial intelligence (AI) and semiconductors. The company has appointed a president with a background at SK Hynix and reorganized its structure with a focus on AI, signaling a commitment to this transformation.

According to industry sources on December 5, SK Ecoplant has established a new AI Solutions Business division to maximize synergy in engineering, procurement, and construction (EPC) projects within the AI sector. This new division integrates the solutions business, which handles EPC for architecture, civil engineering, and plant construction, with the energy business, which is responsible for AI data centers, fuel cells, and renewable energy projects.

As a result of this restructuring, the number of divisions has been reduced from four to three. The high-tech division, which is responsible for constructing semiconductor manufacturing facilities, manufacturing and selling industrial gases, and selling memory semiconductors, and the environmental business division remain. An SK Ecoplant official stated, "We are strengthening our core business capabilities and pursuing sustainable growth as part of our business portfolio transformation."

In October, Youngsik Kim, who previously served as Head of Mass Production at SK Hynix, was appointed as the new president of SK Ecoplant, further clarifying the company's vision and growth strategy as a comprehensive semiconductor service provider. President Kim has held positions such as head of photo technology, head of manufacturing and technology, and Chief Production Officer (CPO) at SK Hynix, and was instrumental in establishing large-scale mass production systems for high-bandwidth memory (HBM). President Kim plans to accelerate the development of AI strategies and company-wide transformation by establishing a dedicated organization directly under his leadership to oversee AI innovation.

Youngsik Kim, New President of SK Ecoplant

This month, SK Ecoplant incorporated four companies-SK Trichem, SK Resonac, SK Materials JNC, and SK Materials Performance-which were previously subsidiaries under SK Materials, a subsidiary of SK Inc., as its own subsidiaries. SK Materials has also been renamed SK Ecoplant Materials. Through these acquisitions, SK Ecoplant has secured a value chain spanning from semiconductor materials to infrastructure. The combined sales of the four newly incorporated companies last year amounted to approximately 350 billion won.

As SK Ecoplant pursues its transformation into a comprehensive semiconductor and AI company, the results of these efforts are becoming increasingly evident. In the high-tech division, cumulative sales for the first through third quarters of this year reached 4.7117 trillion won. This represents 53% of the total combined sales of all four divisions, which amounted to 8.7927 trillion won. Sales in the first quarter were 1.1482 trillion won, rising by about 55% to 1.7813 trillion won in the third quarter.

To strengthen its semiconductor business, SK Ecoplant is also carrying out a rebalancing process by divesting non-core businesses. The company has completed the sale of its stakes in environmental subsidiaries Renewus (374.2 billion won), Renew Energy Chungbuk (156.7 billion won), and Renewon (281.3 billion won), and is preparing to sell SK Oceanplant as well.

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