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History

We move toward the next 50 years through ceaseless innovation

Currently - 2010 Launched SK innovation's governance (2011)
Aim to become a global top energy and chemical company Currently - 2010 Launched SK innovation's governance (2011) Aim to become a global top energy and chemical company

2016
06.Decided to add two ceramic coated separator (CCS) assembly units (no. 3 and no. 4) (to be completed in 2017 H1)
04.Decided to add two lithium-ion battery separator (LiBS) assembly units (no. 10 and no. 11) (to be completed in 2018 H1)
03.Expanded the Seosan battery plant of SK innovation (to be completed in 2016 Q3) to secure battery supply for 40,000 electric vehicles a year
02.Signed lithium-ion battery cell supply contracts with Daimler AG and Mercedes Benz on electric vehicle models
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)
07.Launched SABIC SK Nexlene Company (SSNC), a joint venture between SK global chemical and SABIC of Saudi Arabia
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
10.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
01.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
07.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
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)
10.Celebrated the 50th anniversary of the company's foundation and declared its year 2020 vision
09.Completed a 200Mwh battery production plant in Seosan Industrial Complex
07.Signed an MOU with Kia Motors on supply and development cooperation for electric vehicles
05.Started selling Canter Eco Hybrid, a hybrid truck jointly developed with Mitsubishi Fuso
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
02.Selected as a battery supplier for supercars of Mercedes Benz. Won prize in Transparent Management Awards
01.Petroleum and chemical businesses split. Name changed to SK innovation
2010
10.Completed the Jeungpyeong plant construction (Completed no. 4 and no. 5 assembly lines for LiBS. Started TAC/FCCL assembly line construction)
07.Selected as a battery provider for high-speed electric vehicles of Hyundai and Kia Motors
06.Completed the Peru LNG plant construction

2009-2000 Developed as a global energy and chemical company.
Spun off and changed name to SK energy (2007). 2009-2000 Developed as a global energy and chemical company. Spun off and changed name to SK energy (2007).

2009
10.SK lubricants opened as an 100% subsidiary.
2008
07.Completed the base oil plant construction in Indonesia
02.Completed merging into SK Incheon Refinery
2007
07.Split into a holdings company (SK Holdings) and an operating company (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
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 Investment Corporation
09.Completed construction of the second base oil plant
07.Launched an enterprise-wide volunteer 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 Holdings)
01.Opened OKCashbag.com, Korea's largest hub website (The business sold to SK Planet in 2000)

1999 - 1990 Led the energy and chemical industry in Asia and Pacific.
Changed name to SK Corporation (1997). 1999 - 1990 Led the energy and chemical industry in Asia and Pacific. Changed name to SK Corporation (1997).

1999
07.Sold anti-epileptic agent technology
03.Started the OK Cashbag service, a mileage discount service
1997
10.Changed its name from Yukong Corporation to SK Corporation
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
09.Opened the fourth kerosene and light oil hydrodesulfurzation facility (50,000 barrels per day)
1994
11.Started adopting oil produced in the North Zaafarana oil block in Egypt
1992
11.Opened the first residue desulfurization (30,000 barrels per day) and cracking (30,000 barrels per day) facility
1991
05.Opened the fourth atmospheric distillation facility (200,000 barrels per day)
1990
08.Opened the first synthetic resin manufacturing facility (250,000 tons per year)

1989 - 1980 Sunkyoung Group acquired Yukong (1980).
Grew into a general energy and petrochemical company. 1989 - 1980 Sunkyoung Group acquired Yukong (1980). Grew into a general energy and petrochemical company.

1989
12.Opened the second naphtha cracking facility (400,000 tons per year)
1988
01.Started adopting oil produced in the Marib oil block in Yemen
1987
05.Opened a grease manufacturing plant (3,000 tons per year at present)
1985
12.Opened a new aromatic manufacturing plant (400,000 tons per year)
11.Improved atmospheric distillation facilities to expand refining capacity (345,000 barrels per day)
05.Merged with Korea Oil Holdings Energy
1982
07.Name changed from the Korea Oil Corporation to Yukong
1980
12.Sunkyoung Group acquired management rights according to the government's privatization policy.
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 - 1962 The Korea Oil Corporation (1962),
Korea's first refining and chemical company.
Led economic development based on the petroleum industry. 1979-1969 The Korea Oil Corporation (1962), Korea's first refining and chemical company. Led economic development based on the petroleum industry.

1978
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)
1973
03.Opened a naphtha cracking center (100,000 tons of methylene per year)
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
05.Opened an aromatic manufacturing plant (216,000 tons per year)
1968
12.Opened a lubricant blending plant (550 barrels per day)
04.Opened the second atmospheric distillation facility (60,000 barrels per day)
1967
05.Expanded the first atmospheric distillation facility (55,000 barrels per day)
1964
04.Opened the first atmospheric distillation facility (35,000 barrels per day)
1962
10.Established the Korea Oil Corporation, Korea's first refinery