SK innovation

OverviewSuggest Edit

SK innovation is an energy and chemical company. It produces gasoline and diesel, oils, lubricants, lithium-ion battery separator, FCW, petroleum products, and more. The company operates through six segments: Energy, Incheon Petrochemical, Trading International, Global Chemical, Lubricants, and IE Technology.

TypePublic
Founded1962
HQSeoul, KR
Websiteskinnovation.com

Latest Updates

Employees (est.) (Dec 2019)2,089(+12%)
Revenue (FY, 2019)₩49.9 T(-8%)
Cybersecurity ratingBMore

Key People/Management at SK innovation

Jeong Joon Kim

Jeong Joon Kim

Director
Jong Hoon Kim

Jong Hoon Kim

Chairman of the Board
Jung Gwan Kim

Jung Gwan Kim

Director
Woo Seok Choi

Woo Seok Choi

Director
Yun Kyoung Ha

Yun Kyoung Ha

Director
Joon Kim

Joon Kim

Director
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SK innovation Office Locations

SK innovation has offices in Seoul, Daejeon, Jeungpyeong, Seosan-si and in 1 other location
Seoul, KR (HQ)
26 Jong-ro, Seorin-dong, Jongno-gu
Daejeon, KR
325 EXPO-ro, Wonchon-dong, Yuseong-gu
Jeungpyeong, KR
82-41 Miam-ro, Jeungpyeong-eup
Seosan-si, KR
Jigok-myeon
Ulsan, KR
2 Sinyeocheon-ro, Seonam-dong, Nam-gu
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SK innovation Financials and Metrics

SK innovation Revenue

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SK innovation's revenue was reported to be ₩49.88 t in FY, 2019 which is a 8.5% decrease from the previous period.
KRW

Revenue (Q2, 2020)

7.2t

Gross profit (Q2, 2020)

65.2b

Gross profit margin (Q2, 2020), %

0.9%

Net income (Q2, 2020)

(345.8b)

EBIT (Q2, 2020)

(439.7b)

Cash (30-Jun-2020)

4.1t
Annual
KRWFY, 2017FY, 2018FY, 2019

Revenue

46.3t54.5t49.9t

Revenue growth, %

18%(9%)

Cost of goods sold

40.9t50.5t46.7t

Gross profit

5.4t4.0t3.1t
Quarterly
KRWQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

12.2t13.4t15.0t12.8t13.1t12.4t11.2t7.2t

Cost of goods sold

11.0t12.1t13.7t12.1t12.2t11.6t12.4t7.1t

Gross profit

1.1t1.3t1.3t758.5b921.2b809.1b(1.3t)65.2b

Gross profit Margin, %

9%10%9%6%7%7%(11%)1%
Annual
KRWFY, 2017FY, 2018FY, 2019

Cash

2.0t1.9t2.2t

Accounts Receivable

4.8t4.5t4.1t

Prepaid Expenses

47.6b47.7b50.1b

Inventories

6.0t6.2t6.5t
Quarterly
KRWQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

2.3t2.3t2.0t2.4t2.6t3.1t3.7t4.1t

Accounts Receivable

4.0t4.6t5.5t4.8t4.5t4.1t3.4t2.5t

Prepaid Expenses

31.0b67.2b47.5b29.2b59.1b45.5b44.1b79.4b

Inventories

5.9t6.6t7.3t6.2t6.4t6.5t4.5t3.8t
Annual
KRWFY, 2017FY, 2018FY, 2019

Net Income

2.1t1.7t65.8b

Depreciation and Amortization

900.1b938.9b1.2t

Inventories

(1.5t)(480.9b)(67.0b)

Accounts Payable

1.2t(688.1b)324.9b
Quarterly
KRWQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

472.7b985.4b1.4t211.5b380.5b554.7b(1.6t)(1.9t)

Depreciation and Amortization

223.0b454.1b690.3b278.8b565.9b865.0b302.9b615.2b

Inventories

(5.8b)(590.6b)(1.4t)281.2b12.9b(10.0b)1.4t2.8t

Accounts Payable

(628.3b)(124.6b)693.2b260.0b406.3b(181.1b)(1.6t)(1.3t)
KRWFY, 2017

Revenue/Employee

27.7b

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.8 x
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SK innovation Operating Metrics

Oct, 2020

Business Areas

6

Patent Applications (US)

214

Patents (US)

425

Trademarks (US)

1
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SK innovation Acquisitions / Subsidiaries

Company NameDateDeal Size
Longfellow Nemaha LLCMarch 21, 2018
Dow’s PVDCDecember 18, 2017
Dow Chemical's ethylene acrylic acid unitSeptember 01, 2017
Blue Dragon Energy Co., Limited.
Blue Sky United Energy Co., Ltd.
Chongqing SK Asphalt Co., Ltd.
Happydidim Co., Ltd.
Happykium Co., Ltd.
Happymoeum Co., Ltd.
Hefei SK Baoying Asphalt Co., Ltd.
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SK innovation Revenue Breakdown

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SK innovation revenue breakdown by business segment: 19.1% from Petro-chemicals, 5.8% from Lubricants , 71.8% from Petroleum and 3.3% from Other

SK innovation revenue breakdown by geographic segment: 51.7% from Domestic, 42.1% from Asia and 6.3% from Other

Human Capital Metrics

SK innovation's employees are reported to be approximately 22% female and 78% male.
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SK innovation Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

SK innovation Online and Social Media Presence

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SK innovation News and Updates

SK Innovation Appoints Obama Administration Official as Advisor

SK Innovation announced on Jan. 19 that it has recently appointed Carol Browner, a U.S. environmental protection expert, as an advisor to expand its battery business in the United States

U.S. PTAB Spurns SK Innovation's Challenge to the Validity of LG Energy Solutions' Patents

The Patent Tribunal and Appeal Board (PTAB) of the United States Patent and Trademark Office has rejected a petition for inter partes review (IPR) filed by SK Innovation against LG Energy Solutions

SK Innovation Lays out Plan to Invest 1 Tril. Won in U.S. Battery Plant

SK Innovation has announced a plan to invest one trillion won in the United States ahead of a U.S. court ruling on an electric vehicle battery lawsuit filed by LG Energy Solutions

SK Innovation to Issue $1 Billion Green Bonds

The South Korean battery cell manufacturer SK Innovation plans to issue a $1 billion green bond to finance the expansion of its production capacity in the US which amounts to around 810 million euros

Enjoy New Year’s Sunrise in Ulsan Through SK Innovation’s YouTube Live

SK Innovation Co., South Korea’s top oil refiner, plans to live broadcast its 2021 New Year’s sunrise event through YouTube in accordance with the government’s special anti-COVID-19 measures

SKIET Applies for Preliminary Approval for IPO – Parent SK Innovation

South Korea's SK Innovation 096770.KS said on Friday its subsidiary SK IE Technology has applied for preliminary approval of its initial public offering
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SK innovation Frequently Asked Questions

  • When was SK innovation founded?

    SK innovation was founded in 1962.

  • Who are SK innovation key executives?

    SK innovation's key executives are Jeong Joon Kim, Jong Hoon Kim and Jung Gwan Kim.

  • How many employees does SK innovation have?

    SK innovation has 2,089 employees.

  • What is SK innovation revenue?

    Latest SK innovation annual revenue is ₩49.9 t.

  • What is SK innovation revenue per employee?

    Latest SK innovation revenue per employee is ₩23.9 b.

  • Who are SK innovation competitors?

    Competitors of SK innovation include Flint Hills Resources, HollyFrontier and PBF Energy.

  • Where is SK innovation headquarters?

    SK innovation headquarters is located at 26 Jong-ro, Seorin-dong, Jongno-gu, Seoul.

  • Where are SK innovation offices?

    SK innovation has offices in Seoul, Daejeon, Jeungpyeong, Seosan-si and in 1 other location.

  • How many offices does SK innovation have?

    SK innovation has 6 offices.