홈
SKC Holds Annual General Meeting of Shareholders "Strengthening Business Competitiveness to Meet Shareholder Expectations"
● The meeting was held on March at the company’s headquarters in Jongno-gu, Seoul, with enhanced accessibility via online live streaming and an IR briefing session● Continued efforts to secure financial soundness; glass substrate business on track for timely mass production after obtaining certification from multiple customers● New appointments include Kim Ki-dong as a non-executive director and Jeong Hyun-wook as an independent director. Chae Eun-mi appointed as SKC’s first female chairpersonSKC (CEO Woncheol Park) held its 52nd Annual General Meeting of Shareholders on March 26 at the company's headquarters in Jongno-gu, Seoul.SKC once again enhanced accessibility by live streaming its Annual General Meeting of Shareholders. Notably, this year’s meeting was followed by a shareholder briefing session that provided updates on key business initiatives.Park Won-cheol, CEO of SKC and chair of the meeting, stated, "We have completed the first phase of our portfolio rebalancing, centered on our three core businesses: EV batteries, semiconductors, and eco-friendly solutions." He also mentioned, "In line with this, we launched our new glass substrate business and acquired ISC, a global leader in semiconductor test solutions, to further strengthen our semiconductor portfolio."He continued, "To ensure financial soundness, we worked to bolster our fundamentals by divesting low-growth, non-core businesses, including the film and polyurethane sectors." He emphasized, "Going forward, we will focus on enhancing our business competitiveness to meet shareholder expectations."SKC also announced plans to generate tangible results in its highly anticipated glass substrate business by obtaining certifications from multiple customers within the year.CEO Park stated, "Georgia Plant 1, the world’s first mass production line for glass substrates, is currently in the commissioning phase with the goal of commencing mass production on schedule." He added, "We have secured multiple top-tier global customers in the field of high-performance computing, AI servers, and high-frequency wireless communications, and are also engaged in discussions with various partners across the value chain." Regarding the copper foil business, he projected, "Based on the mid- to long-term sales contracts signed with multiple customers last year, we expect a stable recovery in sales volume this year."At the board meeting held immediately after the Annual General Meeting of Shareholders, the motion to appoint Chae Eun-mi, an independent director, as SKC's first female chair of the board was approved. Appointed as an independent director in 2023, Chair Chae previously served as the first Korean Manager of FedEx Korea, a global express delivery company. Leveraging her expertise in labor relations and global management, she has contributed to strengthening the board's effectiveness by providing strategic guidance and oversight on major decisions at SKC.Additionally, Woncheol Park, CEO of SKC, was reappointed as an executive director, while Kim Ki-dong, CFO of SK Inc., was newly appointed as a non-executive director. Furthermore, Jeong Hyun-wook, a certified public accountant at Kim & Chang Law Firm, was appointed as an independent director. Other agenda items, including the approval of financial statements and the limit of directors’ remuneration, were also approved as originally proposed. [End]
2025-03-26
SKC Makes its Debut at MWC, Showcasing Vision for Key AI Data Center Solutions
l Exhibiting real semiconductor glass substrates at MWC 2025, highlighting key AI data center solutionsl Reducing power consumption and thickness by more than 50% compared to conventional substrates while enhancing data processing speed by 40%l Pioneering world’s first commercialization of glass substrates by year-end, driving advancements in AI technology SKC (CEO Woncheol Park) will showcase its glass substrates at Mobile World Congress 2025 (MWC2025), the world’s largest mobile exhibition, taking place from March 3 to 6 (local time).SKC will exhibit its glass substrates in the AI DC (AI Data Center) zone within the exhibition hall operated by SK Telecom. Under the theme “Innovative AI Accelerates the Future,” the exhibition will feature key technologies related to AI data centers (AI DC) and the latest research advancements in AI-powered communication infrastructure.Glass substrates will be showcased as a key technology essential for processing large-scale data in the AI DC zone. Notably, they will be exhibited alongside SK hynix’s high-bandwidth memory (HBM3E) and high-performance SSD storage for data centers, presenting a comprehensive AI solution.Glass substrates enable the implementation of ultra-fine circuits and can incorporate various components, such as MLCCs, allowing large-capacity central processing units (CPUs) and graphics processing units (GPUs) to be mounted on their surface. When applied to semiconductor packaging, glass substrates reduce power consumption and package thickness by more than half while increasing data processing speed by 40% compared to conventional substrates.An SKC representative stated, “As the world’s first company to commercialize semiconductor substrates, we are proud to showcase our technological excellence on the global stage at MWC 2025, following our successful appearance at CES 2025”. They added, “We look forward to contributing to the advancement of AI technology, which is capturing global attention, through the successful commercialization of glass substrates by the end of the year.” [End]
2025-03-04
SKC Announces 2024 Earnings… "Full Efforts to Restore Fundamentals"
l Announced 2024 results on February 11, reporting a 15% YoY revenue increase despite challenging market conditionsl Strengthening core business competitiveness while accelerating the foundation for new business growthl Prioritizing long-term sustainability through the accelerated implementation of Operation Improvement (O/I) SKC (CEO Woncheol Park) reported on February 11 that the company’s consolidated revenue reached 1.72 trillion KRW for 2024, with an operating loss of 276.8 billion KRW.Despite challenging conditions in downstream industries, revenue grew by approximately 15% year-over-year, though operating losses widened. SKC has continued to strengthen the foundation for a performance rebound, focusing on its three key growth pillars: EV batteries, semiconductors, and eco-friendly materials.SK Nexilis, an investee specialized in copper foil production for EV batteries, has concentrated on increasing the utilization rate of its cost-competitive Malaysian plant and securing new supply contracts in Greater China. Additionally, the company achieved financial milestones, including improving its debt structure and securing subsidies from the Polish government.SKC successfully restructured its semiconductor business, shifting to high-value-added materials and components. ISC, the test socket investee acquired in 2023, drove overall performance with a 25% increase in revenue and a 320% surge in operating profit year-over-year. The glass substrate business, recognized as a next-generation technology, is progressing smoothly based on the world’s first mass production facility in Georgia, USA. Additionally, the company secured U.S. government semiconductor subsidies, further validating its industry-leading technological capabilities.The commercialization of the eco-friendly materials business is progressing as planned. The biopolymer (PBAT) production facility in Vietnam, with an annual capacity of 70,000 tons, is set for completion in the second half of this year, while the company accelerates efforts to establish its sales infrastructure.SKC is fully committed to enhancing its core competitiveness by boosting revenue in its key businesses and solidifying the foundation for new ventures. Additionally, the company aims to enhance financial stability through company-wide cost reduction initiatives and Operation Improvement (O/I) activities, which have been in place since last year.The copper foil business aims to achieve more than double the sales volume compared to the previous year, driven by the full-scale revenue generation from major customers in Greater China and the gradual increase in utilization rates of existing customers. With the rise in production capacity at the Malaysian plant, a recovery in quarterly profitability is also anticipated.Absolics, the investee for the glass substrate business, is on track to achieve concrete results by completing certifications with multiple global big-tech customers within the year. ISC is anticipated to continue its robust growth through the expansion of sales of AI test sockets to global clients. An official at SKC stated, "Despite a slower-than-expected market recovery last year, we will lay the groundwork for a recovery in performance by strengthening the fundamentals of existing businesses and through the commercialization of the glass substrate business, alongside achievements in other new ventures." [End]
2025-02-12
SK Nexilis Develops Current Collectors for All-Solid-State Batteries with Enhanced Fire Safety
l Successfully develops a new current collector for the high-safety ‘Dream Battery’… Performance verified through collaboration with battery manufacturersl Accelerating the development of tailor-made current collectors for next-generation batteries… Focusing on high-performance solutionsl Advancing joint development with multiple companies… Strengthening R&D efforts to lead the next-generation battery market SK Nexilis, an SKC (CEO: Woncheol Park) subsidiary specializing in copper foil for EV batteries, has successfully developed a current collector for all-solid-state batteries with significantly enhanced fire safety.All-solid-state batteries replace conventional liquid electrolytes with solid electrolytes, earning the reputation of the "dream battery" due to their superior safety. Solid electrolytes are known for their stability against temperature fluctuations and their ability to eliminate leakage risks caused by external shocks, making them significantly less prone to fire hazards. SK Nexilis has newly developed current collectors for all-solid-state batteries, including nickel (Ni) foil, nickel-plated (Ni) foil, and nickel-alloy (Ni-Alloy) foil. These products are specifically designed for all-solid-state batteries to address corrosion issues that may occur in battery components. Moving forward, SK Nexilis plans to collaborate with OEMs and battery manufacturers to complete the validation of product performance and application feasibility, aiming to secure an early market advantage and expand its presence.SK Nexilis is also accelerating the development of current collectors for lithium metal (Li-Metal) batteries, another leading next-generation battery technology alongside all-solid-state batteries.SK Nexilis aims to complete the development of high-performance current collectors exclusively for lithium metal (Li-Metal) batteries by 2026, leveraging its proprietary recipe technology. To achieve this, the company is participating in a government-led national project for next-generation battery development, collaborating with multiple companies through a battery and materials alliance.An SKC representative stated, "Leveraging SK Nexilis' unparalleled manufacturing expertise, we will deliver top-tier products that meet the demands of next-generation battery customers. Moving forward, we will continue our research and development (R&D) efforts to diversify our products lineup and overcome the EV chasm—a temporary slowdown in electric vehicle demand." [End]
2025-02-12
SKC Showcases Glass Substrates for AI Data Center at CES 2025
l
Exhibiting actual semiconductor glass substrates at CES 2025, showcasing
their potential as a key material for AI data centers.l
Highlighting advanced glass substrate technology for AI semiconductors
and participating in presentation sessions.l Reaffirming its technological leadership as
the world’s first to commercialize glass substrates.
SKC (CEO Woncheol Park) will unveil its glass
substrates, widely regarded as a “game changer” in the semiconductor industry,
at CES 2025—the world’s largest consumer electronics and IT exhibition—scheduled
to take place from January 7 to 10 (local time) in Las Vegas, USA.
SKC exhibits actual glass substrates in the AI Data Center (AI DC) zone
of the exhibition hall jointly operated by four SK Group affiliates (SKC, SK
hynix, SK telecom, and SK enmove). Operated under the theme of “Innovative AI, Sustainable Tomorrow,” the SK
exhibition hall is divided into three zones: AI DC, AI Services, and AI
Ecosystems.
During the exhibition, glass substrates will be presented as a solution
to enhance the speed of AI servers handling large-scale data. A visualization
of their application in AI data centers will provide visitors with a tangible
understanding of how the substrates are utilized in practice.
In addition to the exhibition, a presentation will highlight the
advantages of glass substrates. Absolics, an SKC-invested affiliate in the glass
substrate business, will participate in a session titled “Cutting-edge Hardware
and Software for AI Semiconductors,” offering insights into the future
development of AI solutions driven by glass substrate technology.
Glass substrates offer several advantages, including the ability to
implement ultra-fine circuits and house various components, such as MLCCs, enabling
large-capacity CPUs and GPUs to be mounted on their surface. This leads to a
40% increase in data processing speed compared to conventional substrates,
while reducing power consumption and package thickness by over 50%. Applying glass substrates to AI data centers can significantly
reduce their physical footprint and energy consumption.
SKC has completed the world’s first mass-production facility in Georgia,
USA, and is accelerating its commercialization efforts. Last year, SKC secured USD
75 million in production subsidies and USD 100 million in R&D grants from the
U.S. government, recognizing its technological innovation.
An
SKC representative stated, “As the first company in the world to commercialize
semiconductor substrates, CES provides an opportunity to once again showcase our
technological excellence on a global stage.” They added, “We will further
solidify our technological edge through glass substrates amid the increasingly
fierce competition in the semiconductor industry.” [End]
2025-01-10
SK Nexilis Secures KRW 195 Billion Subsidy from Polish Government Under EU TCTF
● KRW 195 billion cash subsidy confirmed by the Polish government under EU TCTF, the first case among Korean battery materials companies.● Fostering the ecosystem through industry-academia cooperation and R&D while building a mid- to long-term partnership with the Polish government.● Preparing for the post-chasm market by meeting recovering European demand through the flexible operation of the first plant.SK Nexilis, a copper foil business invested in by SKC (CEO Woncheol Park), has secured a KRW 195 billion subsidy from the Polish government under the Temporary Crisis and Transition Framework (TCTF), part of the EU’s Green Deal policy.This establishes SK Nexilis as the first Korean battery materials company to receive the EU’s TCTF subsidy and the recipient of the largest-ever cash subsidy granted by the Polish government for a single investment.On December 26, SK Nexilis announced that it had finalized a subsidy of approximately PLN 545 million (approximately KRW 195 billion) from the Polish government. As part of this agreement, SK Nexilis and the Polish government will collaborate to strengthen their mid- to long-term partnership, including industry-academia cooperation and R&D, centered on the factory under construction in Stalowa Wola, Eastern Poland.In March last year, the EU introduced the Temporary Crisis and Transition Framework (TCTF), easing regulations on subsidies for EV and battery companies contributing to decarbonization efforts. Major European countries, including Italy, Spain, and Germany, have already been providing subsidies to companies operating production facilities within their countries.The cash subsidy is expected to serve as a foundation for SK Nexilis to significantly improve its local factory operations strategy. The company’s copper foil factory construction in Stalowa Wola, Poland, is nearing completion, with plans to establish a phased supply chain following the completion of client certification processes.An SKC executive stated, “This subsidy will serve as a foundation for building an ecosystem of industry-academia-research cooperation with the Polish government,” and added, “With the resulting boost to our financial stability, we will respond to the post-chasm market by promptly initiating factory operations to meet the recovering demand in Europe.” [End]
2024-12-26
SKC Recognized for Excellent in Governance by the Korea Institute of Corporate Governance and Sustainability (KCGS)
● Building a robust governance system: Managing mid- to long-term strategies through the ESG Committee under the Board of Directors.● Promoting diversity and independence in the Board: Achieving 50% representation of female outside directors.● Expanding ESG efforts to invested companies: ISC showed remarkable improvement, rising two levels in this year’s KCGS evaluation.SKC (CEO Woncheol Park) has been recognized for excellence in the governance category in the ESG evaluation conducted by the Korea Institute of Corporate Governance and Sustainability (KCGS).On December 5, SKC announced that it was awarded for excellence in the governance category at the 2024 Excellent Companies Awards hosted by KCGS. KCGS, the most influential ESG evaluation agency in South Korea, annually assesses the sustainability management practices of listed companies and honor outstanding performers. This year, a total of 13 companies were selected, including one honorary company, seven in the governance category, and five in the ESG category.SKC was acknowledged for its continuous efforts to enhance governance, including the establishment and operation of a robust governance system. Since the ESG Committee was newly organized under the Board in 2021, SKC has managed mid- to long-term strategies and reviewed major decisions related to environmental, social, and governance issues.Continued efforts have also been made to increase gender diversity and transparency on the Board. Starting with the appointment of the first female outside director in 2021, an additional female outside director was appointed to achieve female representation of 50%. Ongoing efforts have also been made to enhance the soundness of the company’s governance by publishing Activity Reports on the Board’s activities, evaluation methods, and compensation systems and disclosing information transparently.In 2022, an outside director was appointed as the Board’s chairperson, through which SKC further strengthened the independence of the Board. Outside directors comprise the majority of SKC’s directors, and the company plans to gradually increase this ratio. Along with the advancement of the governance system, SKC’s ESG management efforts have expanded to invested subsidiaries. For example, ISC is a semiconductor test solution provider invested by SKC, which jumped two levels in this year’s KCGS evaluation and obtained an overall “B” grade. An SKC representative stated, “We will continue to strengthen our governance system amidst rapidly changing business environments and set an example by fulfilling our social responsibilities,” adding, “We hope you will continue to follow SKC as we pursue innovation rooted in sustainable governance.” [End]
2024-12-05
SK nexilis Divests Thin Film Business to Focus on Strengthening Core Competencies
● Signed a business transfer agreement with private equity firm Affirma Capital for KRW 95 billion● Prioritizing financial stability this year by timely liquidating non-core businesses to secure cash● Accelerating business restructuring with a focus on high-value-added products such as Absolics’ glass substratesSKC (CEO Woncheol Park) is divesting the thin film business of SK nexilis, its EV battery materials subsidiary, to private equity firm Affirma Capital. After its Board of Directors (BoD) meeting on November 13, SK nexilis announced its decision to transfer its thin film business, which supplies FCCL (Flexible Copper Clad Laminate) for displays, to Affirma Capital for KRW 95 billion. The two companies signed a business transfer agreement immediately after the BoD meeting. SK nexilis plans to complete the necessary procedures to finalize the transaction by February next year.FCCL (Flexible Copper Clad Laminate) is a key electronic material for transmitting video signals in display products such as smartphones and TVs. It is widely used in Chip On Film (COF) applications for displays. By leveraging its advanced thin-film manufacturing technology, SK nexilis has played a significant role in advancing ultra-high-definition display products.Affirma Capital, the acquirer of SK nexilis’ thin film business, is recognized for its expertise in carve-out strategies, particularly acquiring non-core business units from conglomerates and enhancing their enterprise value. Further investment is expected post-acquisition to enhance the competitive edge of the thin film business.Earlier this year, SKC prioritized financial stability and actively pursued the timely liquidation of non-core businesses. These efforts secured over KRW 1 trillion in cash, easing the financial burden on its subsidiaries. In September, SKC also fully repaid the acquisition financing by injecting KRW 700 billion into SK nexilis through a paid-in capital increase.Building on its strengthened financial stability, the company is accelerating business restructuring focused on high-value-added products, including Absolics’ glass substrates,. The glass substrate business aims to commence mass production for customers next year, while the semiconductor materials business is working to enhance its competitiveness through ISC, a semiconductor test solution provider.“We will utilize the proceeds from the sale of the thin film business to strengthen the competitiveness of our core businesses,” an SKC official stated, adding, “Our ongoing efforts to enhance financial stability through the sale of non-core businesses will prepare us for a full-scale rebound starting from next year.” [End]
2024-11-13
SKC Expands Resource Recycling Education for Elementary Students with My Green Place
● My Green School, a resource recycling education program for elementary students, will be held consecutively this year in Uiseong, Gochang and Ulsan● My Green Place, a game-based waste sorting platform, has been designated as an ‘Outstanding Environmental Education Program of 2024’ by the Ministry of EnvironmentSKC (CEO & President Woncheol Park) has launched a resource recycling education program for elementary students, who are the future leaders of our society, using the game-based waste sorting platform My Green Place. Oh the 13th, SKC announced that it had partnered with the Happy Alliance, a social contribution network, to conduct the My Green School activities at a community child center in Gochang-gun, Jeonbuk Province. My Green School is an education program targeted at elementary students, launched by SKC to enhance awareness of proper waste separation. Since 2022, SKC has been conducting annual demonstration on plastic waste sorting methods at elementary schools and community child centers across the country.This year, starting on the 5th with the Grape Tree Community Child Center in Uiseong-gun, Gyeongbuk Province, along with three nearby centers, SKC will sequentially conduct educational sessions for about 100 students, moving from Gochang-gun, Jeonbuk Province on the 13th to a community child center in Ulsan on the 23rd.During the program, students learn about the properties of plastic materials and then use the My Green Place app to scan barcodes on plastic products, helping them learn proper waste sorting methods. Particularly this year, the program incorporates animations that clearly explain the waste sorting methods for different plastic types, making the education more engaging and accessible for students.My Green Place, Korea’s first game-based waste sorting app, launched in 2022, surpassed 100,000 cumulative downloads last year. Right after its release, it won the Minister of Environment Award (Grand Prize) at an idea competition hosted by the Ministry of Environment, its excellence was reaffirmed in May this year when it was designated as an Excellent Environmental Education Program.To further expand its educational outreach, SKC plans to further strengthen its collaboration with local communities in the second half of the year. Additionally, the Company aims to broaden its educational scope by participating in the government’s Neulbom School program, which ensures all first-grade students receive care at schools. Through this program, SKC will deliver practical environmental education focused on waste sorting, continuing to expand the scope of its education program.“With our resource recycling program utilizing the My Green Place, we aim to enhance the social value of the platform and lead the way in increasing awareness about resource recycling,” said an SKC official. ”We are committed to continuing our social contribution activities to support our ESG practices.” [End][SKC conducted a resource recycling education utilizing My Green Place at a community child center in Gochang, Jeonbuk Province on the 13th]
2024-08-14
SKC Publishes 2024 Sustainability Report
● Compiled to ensure ‘more detailed and transparent information sharing’ ···first instance of disclosing ESG data for each investee● Providing integrated information on business innovation and ESG management to enhance the utility of information for stakeholders, including investors and rating agenciesSKC (CEO Woncheol Park) released its ‘2024 Sustainability Report’ on its website on the 28th. Marking the fifth edition since its inauguration in 2020, the 2024 Sustainability Report has been compiled to provide key stakeholders, including investors, customers, rating agencies, and civic groups, with more detailed and transparent information on ESG management status.The report is composed of three main sections: the Corporate Overview section, the ‘Sustainability Storybook’ that describes the status of SKC’s business sustainability and ESG management, and the ‘ESG Factbook’ that showcases ESG-relevant data. The Sustainability Storybook covers SKC’s business model innovation in EV battery, semiconductor, and eco-friendly materials, along with an overview of their ESG management system. Notably, the ‘SKC Special’ feature provides an at-a-glance view of significant changes from the past year, including the acquisition of the semiconductor test solution company ISC.The ESG Factbook contains detailed quantitative and qualitative ESG-related data for the years 2021 to 2023. Until last year, ESG data was disclosed only as a sum of SKC and its key investees. However, starting with this year’s report, the 2023 data is disclosed separately for SKC, SK Nexilis, SK picglobal, and SK enpulse, and others. This allows stakeholders to access environmental performance data, such as greenhouse gas emission reductions and water recycling, as well as social data covering human resource composition and supplier management status, broken down by each investee.The ‘2023 SKC Activity Report’ is also included in this year’s edition. SKC produced this report on a trial basis for the first time last year to promote the evaluation principles, indicators, compensation scheme of the SKC board of directors and CEO. Going forward, SKC vows to further enhance the soundness of the governance structure by continuing to disclose information transparently.An SKC representative said, ”We promise to continue with bold business model innovations based on our identity as a global ESG material solution company, while simultaneously implementing genuine ESG management practices. We will transparently disclose our performance to stakeholders.”
2024-06-28
A leading company that strive for the world’s best.
Global ESG material solutions company
SKC is making efforts to create a better future for all of our partners.
SKC is making efforts to create a better future for all of our partners.
