1. 홈
  2. Company
  3. Introduction
  4. History

Introduction

History
We move toward the next 60 years through ceaseless innovation
2020 ~ Currently
Announcing the "Carbon to Green" financial story (2021)
Establishing a differentiated de/low-carbonization strategy with the goal of reaching Net Zero for all business by 2050
2010 ~ 2019
Launched SK innovation's governance (2011)
Aim to become a global top energy and chemical company
2000 ~ 2009
Spun off and changed name to SK energy (2007)
Developed as a global energy and chemical company.
1990 ~ 1999
Changed name to SK Corporation (1997)
Led the energy and chemical industry in Asia and Pacific.
1980 ~ 1989
Sunkyoung Group acquired Yukong (1980)
Grew into a general energy and petrochemical company.
1962 ~ 1979
The Korea Oil Corporation (1962)
Korea's first refining and chemical company. Led economic development based on the petroleum industry.
  • 2023
  • 2022
  • 2021
  • 2020
2023
04
  • SK Energy introduced Korea's first large-scale hydrogen charging station for trucks in Ulsan.
03
  • SK Geo Centric signed an agreement with Weixing Chemical from China for the establishment of a new EAA plant.
  • SK On signed an investment agreement with EcoPro and GEM Korea for the establishment of a battery core material production facility in Saemangeum, South Korea.
  • SK Incheon Petrochem invested in the promising tech startup LD Carbon specializing in pyrolysis for waste tire processing.
  • SK On showcased self-developed prismatic battery prototypes at Korea’s largest battery exhibition InterBattery.
02
  • SK Enmove joined the ElectroSafe® Fluid Partner Program of GRC, an US company specializing in immersion cooling for data centers, to enhance competitiveness in the thermal management solutions business.
01
  • SK Geo Centric acquired the Global Recycled Standard (GRS) from Control Union, a global eco-certification body.
  • SK On signed a joint development agreement with Urbix, US, to co-develop battery anode materials.
  • SK Geo Centric signed an agreement with the UK’s Plastic Energy for the implementation of new technologies and the establishment of a pyrolysis plant within the Advanced Recycling Cluster in Ulsan.
  • SK Innovation introduced innovative technologies that are aimed at fostering actions to reduce carbon footprint at CES 2023.
  • SK Earthon and UK company Azuli sgned an MOU for the collaboration on global CCS projects.
2022
12
  • SK Energy signed an agreement with NAVER to develop an urban fulfillment logistics center at SK gas station sites.
  • SK On – Ford Motor Company’s joint venture BlueOval SK held a groundbreaking ceremony for a battery manufacturing mega campus in the US.
  • SK Lubricants rebranded as SK Enmove, highlighting its evolution into an “Energy Saving Company.”
11
  • SK On and Hyundai Motor Group entered into a business agreement to strengthen the North American battery supply chain.
  • SK Innovation implemented an “internal carbon pricing system” that reflects and applies the change in future carbon price during investment proposal reviews.
  • SK On signed an MOU with EcoPro and Chinese precursor producer GEM Co., Ltd. to establish a nickel intermediates production corporation in Indonesia.
  • SK Energy opened the first Industrial Transition Joint Training Center of Korean refining and petrochemical industry.
  • SK Energy collaborated with Doosan Fuel Cell to build hybrid energy stations to simultaneously utilize green energy and hydrogen.
  • SK On and SK IE Technology won the “Best of Innovation Award” at CES 2023.
  • SK Geo Centric signed a Head of Agreement for building pyrolysis plant within its recycling cluster in Ulsan with UK's Plastic Energy.
  • SK On signed a long-term lithium supply agreement with Chile's SQM.
10
  • SK Incheon Petrochem launched the “Pilot Project for the Development of Sustainable Livestock Practices” with the Ministry of Agriculture, Food and Rural Affairs, and NH Agricultural Cooperative Federation.
  • SK Geo Centric established the world's first plastic recycling cluster in Ulsan and cooperated with PureCycle Technologies to build a chemical recycling facility.
  • SK Innovation announced the “All Time Net Zero” vision at its 60th anniversary on October 13, 2022.
  • SK On entered a long-term lithium supply contract with Australian company Lake Resources to enhance the supply chain of raw materials for electric vehicle battery.
  • SK Trading International invests in Infinium, a pioneering US-based e-fuel company that transforms captured carbon into fuel.
09
  • SK On signed an MOU with Australian company Global Lithium to ensure a steady lithium supply.
  • SK Innovation Institute of Environmental Science & Technology developed an electrocatalyst technology for CO2 conversion to CO.
  • Held “2022 Ulsan Forum” under the theme of “ESG, Opening the Future of Ulsan”’
08
  • SK Co., Ltd. and SK Innovation invest 300 billion KRW in TerraPower, Bill Gate’s SMR company
07
  • SK On, officially launching JV 'BlueOvalSK' with Ford in the USA.
  • SK Lubricants signed an MOU with the Ministry of Industry and a waste lubricant oil collection and refining company to recycle and convert waste lubricant oil into raw material.
06
  • SK Earthon signed an MOU with AAT, a company specializing in marine exploration, to reinforce technology capacity in petroleum development and CCS.
  • SK Geo Centric signed an MOU with SUEZ, a French environmental corporation, and Loop from Canada with plastic recycling technology, to establish a joint corporation for waste plastic recycling in France.
  • SK On signed a comprehensive MOU with POSCO Holdings for a 'secondary battery business.
  • SK Innovation signed an investment contract and a technological collaboration MOU with Amogy, the American company specializing in ammonia-based fuel cell systems.
05
  • SK Geo Centric’s 'Pyrolysis oil petrochemicals raw-materialization method' received certification from the Ministry of Environment for the first time in the nation
04
  • SK Innovation signed an MOU with the Korea Coast Guard, Korea Road Traffic Authority, and Korea Central Volunteer Center for a pan-national plogging campaign.
  • SK Earthon secured the mineral rights and mine operating rights over Sarawak, Malaysia, by winning the bid for the 'SK427' mining area.
  • SK On developed battery management chips that play a key role in battery management with Autosilicon, a developer specializing in semiconductors for batteries and electronic devices.
03
  • SK Lubricants invested shares in GRC, the data center liquid immersion cooling system expert in the USA, to reinforce its capabilities in the liquid-based heat management business.
  • SK trading international signed a contract with Oxidental in the USA, the first in the world to introduce net zero oil.
  • SK Geo Centric invested shares in PureCycle Technologies in the USA, a plastic recycling company, to expand the waste plastic recycling business.
  • SK On establishes a battery production joint corporation with Ford in the USA and Koç in Turkey.
02
  • SK Energy’s reducing fuel and greenhouse gas method through producing 'medium temperature asphalt concrete mixture,' developed first in Korea, is approved as Ministry of Environment’s outside business methodology.
01
  • SK Innovation won Carbon Management Sector Honors in energy and utility from the global ESG evaluation institute, CDP (Carbon Disclosure Project).
  • SK Geo Centric and Purecycle Technologies in the USA have agreed on the Asia-first polypropylene plant construction conditions.
  • SK Innovation reveals eco-friendly, innovative technology that helps reduce carbon at CES 2022.
2021
12
  • SK Geo Centric begins the commercial production of PBAT, plastic material that decomposes in nature, with KOLON Industries.
10
  • Business division of battery and petroleum development (E&P) / Launching independent corporations such as 'SK On' and 'SK Earthon'
09
  • SK global chemical changes its company name to 'SK Geo Centric.'
  • SK IE technology joins 'RE100 (Renewable Electricity 100)'
  • SK Innovation starts the nation’s first eco-friendly pyrolysis oil process at the Ulsan complex.
07
  • SK Innovation, announcing 'Carbon to Green' financial story
05
  • SK IE technology successfully completes its IPO with 80 trillion won in deposits, setting a new record.
  • SK Innovation establishes a battery producing JV 'BlueOvalSK' with Ford in the USA.
04
  • SK IE technology begins commercial production in the second Changzhou plant, which has a scale of 340 million square meters in total.
2020
11
  • SK IE technology starts commercially operating a separator plant in Changzhou, China, the size of 340 million square meters.
10
  • SK Global Chemicals was successful in producing a prototype solvent and lube base oil from pyrolysis oil degraded from waste plastics using heat.
09
  • SK Lubricants launches the industry’s first 'SK ZIC ZERO' using recycled materials.
07
  • SK IE technology begins the commercial production of a FCW (Flexible Cover Window) plant in Jeungpyeong, Chungcheongbuk-do.
04
  • SK Innovation decides to invest in building a second plant in the USA with a capacity of 11.76 GWh.
02
  • SK Energy completed the construction of VRDS early, an eco-friendly facility worth a trillion won of investment.
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
2019
11
  • SK Innovation signed the "Carbon Zero-Sum Project" MOU with Vietnam
  • SK global chemical holds an eco-friendliness forum regarding plastic packaging material.
10
  • SK global chemical takes over the highly-functional polymer business of ARKEMA in France.
09
  • SK Energy issues green bond worth 300 billion won
  • SK Innovation is appointed as “DJSI World Corporation” for 3 years in a row.
  • SK global chemical participates in PACK EXPO in Las Vegas, USA, for the first time.
08
  • SSK Innovation successfully procured a green loan for the first time in Korea.
06
  • SK Lubricants signed a supply contract with PetroChina in China to supply high-end lube base oil.
  • SK global chemical was appointed "The Best Corporation" for 7 years in a row, for the first corporation in the energy/chemical industry.
05
  • SK Innovation discovered additional crude oil at a Vietnamese exploration mining area (Southeast 15-1/05 offshore mining area).
  • SK Innovation announced a total of 579.9 billion won investment plan to invest in a new battery plant in China.
04
  • SK global chemical and Sinopec’s joint corporation "Sinopec-SK Petrochemical" takes over the Wuhan Refinery.
  • Through the division of material businesses, reorganized into 6 subsidiaries with the establishment of SK IE technology (SKIE).
03
  • A groundbreaking ceremony was held for a battery plant in Georgia, USA, with a capacity of 9.8GWh per year.
01
  • Participating in CES2019
2018
11
  • SK Innovation signed a contract with Volkswagen for electric vehicle batteries.
08
  • SK ZIC signed a sponsorship with FC Barcelona, a world-class club.
  • SK Innovation is building the first joint battery plant in Changzhou with the largest electric automobile corporation in China.
06
  • SK Energy launches "Home-Pick" service using the shared infrastructure for gas stations with GS Caltex.
05
  • Awarded with a residential citation as an excellent gender-equality company.
03
  • A groundbreaking ceremony was held for an electric car battery plant in Komárom, Hungary (the first sole plant in Europe).
02
  • SK Innovation successfully explored crude oil in the South China Sea.
2017
09
  • SK Innovation, appointed a "DJSI World Corporation"
  • Agreement between management and employees on principles and standards for the indexed wage increase for the first time in Korea as a large company
03
  • Decided to build 5th and 6th production facilities for 2GWh batteries.
2016
09
  • SK Innovation completed its third factory line with the Seosan Battery factory, ensuring the annual production of forty-thousand units
06
  • SK Global Chemicals was selected as the most honorable company in the 2015 common growth index
04
  • Decided to add two lithium-ion battery separator (LiBS) assembly units (no. 10 and no. 11) (to be completed in 2018 H1)
02
  • SK Innovation to supply EV batteries to Mercedes-Benz
2015
10
  • Completed construction of a joint plant between SK global chemical and SABIC of Saudi Arabia for Nexlene, a high-performance polyethylene
09
  • Completed construction of a joint base oil plant between SK lubricants and Repsol of Spain
07
  • Completed the expansion of the Seosan battery plant of SK innovation (securing battery supply for 30,000 electric vehicles)
  • Launched SABIC SK Nexlene Company (SSNC), a joint venture between SK global chemical and SABIC of Saudi Arabia
  • Completion ceremony for the joint factory for highly functional polyethylene, ‘Nexlene’
2014
11
  • Shenbao, an electric vehicle fitted with SK innovation's batteries, was selected as an official vehicle for APEC events.
10
  • Completed the joint plant construction of Ulsan Aromatic Corporation (UAC), a joint venture between SK global chemical and JX Energy of Japan
  • Started commercial production at the joint base oil plant between SK lubricants and Repsol of Spain
09
  • Adopted Soul EV as business vehicles for SK innovation
05
  • Signed a contract between SK global chemical and global chemical producer SABIC for a joint venture establishment for Nexlene, a high-performance polyethylene
04
  • Purchased oil production blocks in Oklahoma and Texas in the U.S. (securing oil block operation rights for the first time)
01
  • Added an 100Mwh production line in the Seosan battery plant
  • Launched Beijing BESK Technology, a joint venture with BAIC Group and Beijing Electronics Holding
2013
10
  • Participated in the 2013 Daegu World Energy Congress as a host sponsor (only private company)
07
  • Signed a contract with BAIC Group and Beijing Electronics Holding to establish a joint venture for electric vehicle batteries
  • Reorganized to have five subsidiaries by spinning off SK incheon petrochem (SKIPC) and SK trading international (SKTI)
04
  • Signed a letter of intent with BAIC Group and Beijing Electronics Holding for a joint venture establishment
2012
12
  • Won a presidential citation, the grand prize in Family-friendly Company Awards by the Ministry of Gender Equality and Family
11
  • SK Innovation signed a comprehensive MOU with Sinopec for business expansion
10
  • Completed an information and electronic material plant construction (no. 6 and no. 7 lithium-ion separator (LiBS) units / flexible copper clad laminate (FCCL) production line)
  • Celebrated the 50th anniversary of the company's foundation and declared its year 2020 vision
09
  • Completion of a battery factory in Seosan
07
  • Signed a comprehensive business contract with Kia for EV production
06
  • Established JV for joint p-Xylene production with the Japanese JX NOE
05
  • Started selling Canter Eco Hybrid, a hybrid truck jointly developed with Mitsubishi Fuso
03
  • Completion of the third factory for lube-based oil
02
  • Founded SK Sugar Gliders women's handball team
2011
10
  • Exported naphtha cracking technology (ACO) using a catalyst developed for the first time in the world
07
  • Obtained the Brazilian government's approval for a Brazilian oil block sale contract with Danish company Maersk
  • Acquisition of sales information approval for mines in Brazil
02
  • Selected as a battery supplier for supercars of Mercedes Benz. Won prize in Transparent Management Awards
  • Petroleum and chemical businesses split. Name changed to SK innovation
01
  • SK Innovation launched its 4th affiliate system
2010
10
  • Completion of 4th and 5th LiBS
07
  • Selected as a battery provider for high-speed electric vehicles of Hyundai and Kia Motors
06
  • Completed the Peru LNG plant construction
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
  • 2001
  • 2000
2009
10
  • Launched SK Lubricants
2008
09
  • Completed the third advanced facility
07
  • Completed the base oil plant construction in Indonesia
02
  • Completed merging into SK Incheon Refinery
2007
07
  • Launched a holding company and SK Energy
02
  • Started a base oil plant construction in Indonesia
01
  • Formed a strategic relationship with Nippon Mitsubishi Oil and a strategic partnership to globally commercialize ACO technology
2006
09
  • Ready to enter the hybrid car battery market
08
  • Joined the Kazakhstan oil block exploration
06
  • Joined the Madagascar oil block exploration
04
  • Completion of Ulsan Grand Park
03
  • Launched SK Incheon Oil Refinery
01
  • Started the Peru LNG project in earnest
2005
12
  • Signed a contract to acquire Incheon Refinery
11
  • Completed construction of the green ultra-low-sulfur fuel oil production facility
08
  • Won prize in the 6th Audit Awards
07
  • Exported the first-ever developed APU technology
06
  • Selected as having the best corporate governance in 2005
2004
10
  • Established SK China Holding Company
09
  • Completed the second lube base oil factory
07
  • Launched a corporate-wide voluntary service group
05
  • Started the second construction phase of Ulsan Grand Park
04
  • Declared a New SK and revised SKMS
2003
12
  • Worked on the Gwangyang LNG complex thermal power plant project, Korea's first private commercial power plant, with BP (Currently, SK E&S)
11
  • Started developing crude oil in the Su Tu Den 15-1 oil block in Vietnam where stakes are owned
2002
08
  • Held a retirement ceremony of the first atmospheric distillation facility, Korea's first refining unit
04
  • Completed the first construction phase of Ulsan Grand Park
2001
12
  • Started telematics business and pilot service (TMS service sold to SKT in 2000. Currently, T map service)
05
  • Identified marketability of crude oil produced in the 15-1 oil block in Vietnam
2000
07
  • Sold anti-depressant agent (YKP10A) technology to Johnson & Johnson (Currently, SK Biopharmaceuticals, a 2007 spin-off under SK inc.)
01
  • Opened OKCashbag.com, Korea's largest hub website (The business sold to SK Planet in 2000)
  • 1999
  • 1997
  • 1996
  • 1995
  • 1994
  • 1992
  • 1991
  • 1990
1999
07
  • Sold anti-epileptic agent technology
04
  • Began production of superphalt (polymer modified asphalt)
03
  • Started the OK Cashbag service, a mileage discount service
1997
10
  • Established SK Inc.
06
  • Established SK E&P Company, a local oil field development subsidiary
03
  • Opened the second synthetic resin manufacturing facility (320,000 tons per year)
01
  • Opened the second residue desulfurization (60,000 barrels per day) and cracking (50,000 barrels per day) facility
1996
10
  • Opened the fifth atmospheric distillation facility (240,000 barrels per day / total production of 810,000 barrels per day)
07
  • Started producing commercial crude oil from the eighth oil block in Peru
1995
10
  • Launched Enclean, a gasoline brand
  • Launched ZIC, a lubricant brand
09
  • Opened the fourth kerosene and light oil hydrodesulfurzation facility (50,000 barrels per day)
08
  • Changed the company name from Sunkyung Group to SK
05
  • Opened Daeduk Technology Center
1994
11
  • Initiated crude oil production from North Zaafarana, Egypt
1992
11
  • Opened the first residue desulfurization (30,000 barrels per day) and cracking (30,000 barrels per day) facility
1991
06
  • Vertical integration completed
05
  • Opened the fourth atmospheric distillation facility (200,000 barrels per day)
04
  • Completion of PO/SM manufacturing facilities
03
  • Launch ceremony for EPDM factories
1990
08
  • Opened the first synthetic resin manufacturing facility (250,000 tons per year)
05
  • Opening ceremony for a trading company, Heungguk
  • 1989
  • 1988
  • 1987
  • 1985
  • 1984
  • 1983
  • 1982
  • 1980
1989
12
  • Opened the second naphtha cracking facility (400,000 tons per year)
1988
08
  • PO/SM contract signing ceremony: official launch of ‘Yukong Ako Chemical Co., Ltd.’ established by 50:50 joint investment with Ako Chemical Co., Ltd.
01
  • Started adopting oil produced in the Marib oil block in Yemen
1987
05
  • Opened a grease manufacturing plant
01
  • Signed an oil supply contract with Malaysia's state-run oil corporation
  • Signed a contract with US Kellogg introducing technology for the construction of NEP manufacturing facilities
1985
12
  • Opened a new aromatic manufacturing plant (400,000 tons per year)
  • Opened a new aromatic manufacturing plant (NAC)
11
  • Improved atmospheric distillation facilities to expand refining capacity (345,000 barrels per day)
  • Established a technology support research center in Ulsan
05
  • Merged with Korea Oil Holdings Energy
1984
11
  • Yukong listed on the stock exchange
07
  • Successful oil field development in Marib, Yemen
04
  • Seoul National University opened a Yukong research center
1983
12
  • Commissioned training for Saudi Arabian trainees
10
  • Completion of CLX main building in Ulsan
1982
12
  • Founded the Yukong Elephants FC
07
  • Signed a supply contract with Kuwait
  • Name changed from the Korea Oil Corporation to Yukong
1980
12
  • Sunkyung Group acquires Korea National Oil Corporation.
  • Inauguration of late chairman Chey Jong-hyon as the president of Korea National Oil Corporation
08
  • The Korea Oil Holdings Corporation took over the 50% stocks held by Gulf.
03
  • Expanded the lubricant blending plant (4,500 barrels per day at present)
  • 1979
  • 1974
  • 1973
  • 1972
  • 1970
  • 1969
  • 1968
  • 1967
  • 1964
  • 1963
  • 1962
1979
03
  • Expanded the naphtha cracking center (155,000 tons of methylene per year)
1974
06
  • Expanded the second atmospheric distillation facility (110,000 barrels per day)
04
  • Opened an oil reservoir in Seoul
03
  • Expansion of lead sand decomposition facilities
1973
03
  • Opened a naphtha cracking center (100,000 tons of methylene per year)
  • Completion of a naphtha cracking center
1972
10
  • Opened the third atmospheric distillation facility (105,000 barrels per day)
09
  • Completed a long-range oil pipeline construction from Ulsan to Daegu
1970
05
  • Gulf acquired 50% of the stocks and management rights
  • Opened an aromatic manufacturing plant (216,000 tons per year)
  • Completion of a petrochemical plant (aromatic)
1969
  • Korea's first modern gas station, Cheonggiwa gas station in Seogyo-dong
1968
12
  • Opened a lubricant blending plant (550 barrels per day)
05
  • Opened the second atmospheric distillation facility (60,000 barrels per day)
1967
05
  • Expanded the first atmospheric distillation facility (55,000 barrels per day)
  • Completed construction of the second atmospheric distillation facility
1964
04
  • Opened the first atmospheric distillation facility (35,000 barrels per day)
1963
06
  • Signed a basic agreement with Gulf Oil
1962
10
  • Established the Korea Oil Corporation, Korea's first refinery
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