South Korea: SK Innovation to Boost Global Growth From Korea into the World

Editor: Alexander Stark

According to Downstreamtoday Online and Reuters ,South Korea's SK Innovation will invest approx. $ 2.50 billion in chemicals, oil exploration and battery businesses to boost its global growth.

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Kim Joon, president of SK Innovation
Kim Joon, president of SK Innovation
(Source: SK Innovation)

Seoul/South Korea — Reuters quotes Kim Joon, president of SK Innovation, that the investments would target new growth options and innovate its business, even though 2017 is expected to be a tough business environment, continuing that under the plan, SK Innovation aims to continue its investment on mergers and acquisitions in chemicals and oil exploration sectors as well as expansion of its battery plants, according to the statement.