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SKC Earns International ISO 37301 Certification for Compliance Management
● SKC held a certification ceremony on June 4 at its Chungmuro headquarters, officially recognizing its internal control system as meeting global standards● Following its ISO 37001 certification, SKC has now earned ISO 37301—marking a major step forward in its ethical and compliance management framework● Plans are underway to enhance compliance management through dedicated teams and newly formed consultative bodies SKC (CEO Woncheol Park) announced on June 4 that it has obtained ISO 37301, the international standard for compliance management systems, from the Korea Management Registrar (KMR).A certification ceremony was held the same day at SKC’s headquarters in Chungmuro, Seoul, attended by Kim Yoon-hoe, Head of Compliance at SKC, and Hwang Eun-ju, CEO of KMR, the ISO certification body. ISO 37301 is an international certification granted to organizations with globally recognized compliance systems, based on an evaluation of their internal controls, ethics, and compliance culture.SKC previously received ISO 37001 certification, the international standard for anti-bribery management systems, in 2023. The newly acquired ISO 37301 certification reflects the company’s continued efforts to advance its ethical and compliance system.In line with SK Group’s vision of achieving globally competitive management standards, SKC has designated key organizations as compliance priorities and identified the relevant laws and regulations applicable to each unit. The company has also revised major policies and operational manuals to strengthen its compliance control environment.Looking ahead, SKC plans to enhance its compliance management system through the establishment of dedicated teams and new consultative bodies. The company also plans to expand training programs on key areas such as fair trade to enhance employee awareness.An SKC representative stated, “This compliance management certification provides a solid foundation for strengthening our compliance practices in the long term,” adding, “We will continue to uphold fair and transparent management practices as we strive to become a more trusted company.”
2025-06-04
SKC Carries Out Biodiversity Conservation Activities at Naejangsan National Park
● Second My Green Nature campaign of the year held in Jeongeup, Jeonbuk, home to the SK Nexilis site● Expanded to include bluegill removal—an invasive species in the Naejang Lake ecosystem—alongside a family participation program● Expanded to locations across the country where SKC’s portfolio companies operate, including Ulsan, helping to promote a culture of environmental sustainabilitySKC (CEO Woncheol Park) has launched a biodiversity conservation initiative at Naejangsan National Park as part of its ongoing My Green Nature corporate social responsibility (CSR) program.On May 28, SKC carried out a bluegill removal campaign at Naejang Lake in Jeongeup, Jeollabuk-do. Bluegill are an invasive species that disrupt the local ecosystem. My Green Nature is an environmental program focused on ecological restoration in areas where SKC operates. It aims to raise awareness about the value of biodiversity and the importance of restoring healthy ecosystems.The event was attended by SK Nexilis CEO Ryu Gwang-min, Naejangsan National Park Office Director Han Kyung-dong, and employees from both SKC and SK Nexilis. Participants helped protect the aquatic ecosystem by removing bluegill from the lake. The collected fish were donated for use as ingredients in pet food.This edition of My Green Nature also welcomed participation from employees' families. Parents and children explored the Naejangsan Ecological Park together and took part in the bluegill removal activity, offering a hands-on opportunity to learn about the importance of biodiversity preservation. On April 25, SKC and ISC employees conducted a water quality improvement campaign at Tancheon Stream in Seongnam, which included plogging activities to clean the surrounding area. SKC plans to expand its biodiversity conservation efforts to other local communities where its portfolio companies are based, including Ulsan.An SKC official said, “Through My Green Nature, which brings together employees and their families, we’ve created an opportunity to experience the value of environmental sustainability firsthand. We will continue to promote participatory programs that naturally integrate eco-friendly practices into daily life.”
2025-05-28
SKC Launches Eco Education for Elementary Students at Naejangsan National Park
● My Green School 2025 kicks off with hands-on lessons for Jeongeup Elementary students● Teaches proper recycling using SKC’s My Green Place app● Program to reach 160+ students by mid-June; new family-oriented version launched SKC (CEO Woncheol Park) has launched an experiential environmental education program for elementary students in partnership with Naejangsan National Park, aimed at fostering eco-conscious values in the next generation.On May 21, SKC held the first My Green School event of the year at Naejangsan National Park in Jeongeup, Jeollabuk-do, with students from Jeongeup Elementary School. Launched in 2022, My Green School is part of SKC’s CSR efforts, run jointly with its portfolio companies to educate elementary students living near their business sites on proper waste sorting and recycling practices.This year’s program has been expanded into an outdoor, experience-based learning through a new partnership with Naejangsan National Park. Held at the park’s Maple Ecology Garden, the program integrates forest exploration with interactive lessons highlighting the importance of proper waste separation.The program also includes practical training using My Green Place, a plastic recycling information app SKC launched in 2022. Students scanned barcodes on plastic products with the app to learn how to properly sort and dispose of each item. SKC plans to hold four sessions of the My Green School program at Naejangsan National Park by mid-June, reaching around 160 students. In addition, the company is launching a new initiative called My Green Life, which will invite employees’ children to its headquarters and regional business sites for environmental education—developing the program into a more family-oriented experience.An SKC official said, “We hope this program helps younger generations understand the importance of environmental protection. We remain committed to expanding our CSR initiatives to spread environmental awareness and help build a more sustainable future.”
2025-05-21
SKC Honors Korea’s Patriots with Cemetery Clean-Up Ahead of Memorial Day
● SKC and ISC employees carry out grave maintenance and flag placement at Seoul National Cemetery● Volunteer program marks 18th consecutive year since 2008, now expanded to include portfolio companies● Upcoming move to Chungmuro HQ to serve as a springboard for expanded CSR at local business sites SKC (CEO Woncheol Park) announced that on May 20, ahead of Korea’s 70th Memorial Day, the company held a volunteer event at Seoul National Cemetery to honor the nation’s fallen heroes through grave maintenance and flag placement activities.Employee volunteers from SKC and ISC—a semiconductor test socket company in which SKC has invested—gathered to pay their respects at the Memorial Tower, observing a moment of silence for the nation’s patriots. The team then visited Section 19, where 913 soldiers and service members are laid to rest, to place national flags, offer floral tributes, and clean the surrounding area.Since establishing its volunteer corps in 2004, SKC has maintained a sisterhood partnership with Seoul National Cemetery since 2008, regularly conducting floral tribute and clean-up activities for the past 18 years. SKC will continue to broaden its CSR efforts, including joint volunteer programs at Seoul National Cemetery with its portfolio companies.An SKC official said, “This volunteer activity at the Seoul National Cemetery was a meaningful opportunity to honor the noble sacrifices of those who gave their lives for the country. We remain committed to fulfilling our responsibilities as a socially responsible company.” The official added, “With the upcoming relocation to our new headquarters in Chungmuro at the end of this month, we plan to carry out various local initiatives—focusing on biodiversity conservation—in the areas where SKC and its portfolio companies operate.”SKC is set to relocate from its Gwanghwamun headquarters, where it has been based since 2017, to the SK-C Tower at 15 Chungmuro, Jung-gu, Seoul, on May 26. SKC plans to use the start of its new "Chungmuro era" as a turning point to accelerate its growth as a global ESG materials solutions provider.
2025-05-20
SKC Announces Q1 2025 Results: Clear Sign of Recovery in Battery Materials Business
● Recorded KRW 438.5 billion in revenue and KRW 74.5 billion in operating loss in Q1 2025● Battery copper foil sales rebounding on increased demand; global customer contracts underway● Semiconductor test socket sales growth to accelerate in Q2; U.S. subsidy for Absolics anticipatedSKC (CEO Woncheol Park) announced its consolidated financial results for the first quarter of 2025 on April 30, reporting revenue of KRW 438.5 billion and an operating loss of KRW 74.5 billion. Despite continued weakness in downstream industries, revenue rose by approximately 3% and the operating loss narrowed by about 10% compared to the previous quarter.By business segment, the battery materials division showed clear sign of recovery. Copper foil sales rebounded on growing demand for electric vehicle (EV) batteries, with Q1 sales volume increasing by 14% quarter-over-quarter and 8% year-over-year. Notably, sales in the North American market surged 69% from the previous quarter and 149% from the same period last year, significantly contributing to the segment's performance. In addition, the operating loss narrowed by 18% quarter-over-quarter, driven by a sharp rise in the utilization at the Malaysia plant.In the semiconductor materials segment, sales of test sockets for non-memory applications temporarily declined due to adjustments in customers’ R&D and mass production schedules. Nevertheless, the segment maintained a solid operating margin of over 20%, demonstrating stable performance. The chemicals business achieved revenue growth from the previous quarter, despite continued weakness in styrene monomer (SM) spreads. Sales of its key product, propylene glycol (PG) remained stable, particularly in high-value markets such as North America and Europe.SKC plans to focus on improving profitability in the battery materials business, driving stable revenue growth in its semiconductor test sockets, and commercializing its glass substrates business in 2025.The battery materials business is expected to continue its upward momentum into Q2, driven by increasing utilization rates at customer battery plants in North America. In particular, SKC plans to finalize multiple supply agreements with global battery manufacturers during the quarter, which—together with the full-scale ramp-up of its Malaysia plant—will further enhance profitability.In the semiconductor segment, sales growth is expected to accelerate in Q2, led by increased demand from North American customers and the resumption of R&D orders from major global tech companies. In addition, U.S. government subsidies for Absolics’ manufacturing operations under the CHIPS Act are expected to be disbursed during the quarter.An SKC representative said, “We are seeing a clear recovery in copper foil sales within the battery materials business. Meanwhile, our test socket business continues to show stable performance, and preparations for the commercialization of glass substrates are proceeding as planned. We will further accelerate our efforts to strengthen the fundamentals of existing businesses while making tangible progress in new growth areas to support a performance rebound.”
2025-04-30
SKC Launches Biodiversity Conservation Initiative My Green Nature at ISC in Seongnam
● SKC unveils its new CSR initiative My Green Nature linked to biodiversity conservation● Water quality improvement activities carried out at Tancheon Stream in Seongnam, where SKC’s semiconductor test solution portfolio company ISC is located● Program to expand nationwide to sites of portfolio companies, including Jeongeup and Ulsan – invasive species removal planned in Jeongeup this MaySKC (CEO Wonchoel Park) has launched a new corporate social responsibility (CSR) program titled My Green Nature, which focuses on biodiversity conservation. The initiative, being implemented for the first time this year, engages employees in ecological restoration efforts in areas where the company and its affiliates have operations.The program was developed to raise awareness of the value of biodiversity and the importance of restoring healthy ecosystems. Biodiversity refers to the harmonious coexistence of diverse species and ecosystems, which provides the foundation for all life—including humans—to thrive sustainably.The first biodiversity conservation activity under the My Green Nature initiative, held on April 25, was led by ISC, a semiconductor test solution investee company of SKC. The event took place at Tancheon Stream in Bundang-gu, Seongnam, where ISC is headquartered, and was conducted in collaboration with the Environment Action Association.Participants created and released 1,500 EM (Effective Micro-organisms) mud balls into the stream near Geumtocheon Bridge in Tancheon. Made by mixing beneficial microorganisms with red clay, these natural purifiers gradually dissolve in water, helping break down pollutants. Following the water purification activity, participants also took part in a plogging session to clean up the surrounding environment.SKC is expanding its biodiversity conservation activities, beginning in Seongnam, to communities across Korea where its portfolio companies operate, including Jeongeup in North Jeolla Province and Ulsan. In May, the company will conduct an invasive species removal program in Jeongeup, where SK nexilis is located.Previously, in 2022, SKC launched My Green Place, a gamified platform designed to promote proper plastic waste separation, as part of its efforts to foster an eco-friendly culture. The company has also been running My Green School, an educational program that uses My Green Place to teach elementary school students about resource circulation.An SKC official said, “We believe that My Green Nature, which encourages active employee participation, will help enhance environmental awareness,” adding, “In line with SK Group’s commitment to sustainable management, we will continue to prioritize social and environmental responsibility alongside economic value creation, contributing to the realization of a more sustainable society”
2025-04-28
SKC Launches 3rd Year of “My Green School” to Promote Recycling Education for Elementary Students
● Kickoff ceremony held on April 28 for 3rd Year of “My Green School”, aimed at educating elementary students on proper waste sorting● SKC employees and university student volunteers to lead programs at elementary schools in Jeongeup, Ulsan, and other regions nationwide● In collaboration with SK Square, reviewing program expansion and introducing new sessions for employees’ familiesSKC (CEO Wonchel Park) is launching this year’s activities for “My Green School”, a resource circulation education program that began in 2023 to raise environmental awareness and promote proper waste sorting among elementary school students.On April 28, SKC held the kickoff ceremony for the 2025 edition of “My Green School” at its headquarters in Jongno-gu, Seoul. The event was attended by key figures from SKC and partner organizations, including Yoo Ji-han, Head of Corporate Support at SKC, and Song Seong-ho, Secretary General of the Happy School Foundation.“My Green School” is one of SKC’s flagship CSR programs, in which employees and university student volunteers team up to visit elementary schools near SKC’s business sites and teach proper waste sorting practices. The program will run through October, with sessions held at schools in areas including Seongnam, Jeongeup, and Ulsan.The program incorporates “My Green Place”, a plastic waste separation information platform launched by SKC in 2022. Through the “My Green Place” app, students learn accurate sorting methods by practicing how to separate plastic waste according to product type.“My Green School” is expanding its scope through stronger collaboration within the SK Group and broader engagement of participants. This year, SK Square—a specialized investment company in the AI and semiconductor sectors—joined the initiative, recognizing the value of the “My Green Place” platform and supporting its wider use in environmental education programs.SKC is also partnering with Naejangsan National Park to co-host an environmental experience program in connection with “My Green School”. The program will offer plastic waste separation education to elementary school students in Jeongeup, home to the SK nexilis business site, helping them better understand the importance of environmental protection. In addition, SKC plans to launch a new family-friendly program called “My Green Life,” which invites employees’ children to the headquarters and regional business sites for hands-on environmental education.An SKC official stated, “We will continue to expand practical environmental education programs that serve as a foundation for a sustainable society, enabling future generations to naturally learn and practice the value of environmental protection.” They added, “We will make continued, comprehensive efforts to foster a culture of sustainability.” [End]
2025-04-25
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