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SK nexilis Opens ‘Sharing Shop’ in Jeongeup to Boost Local Economy
Opened
Sharing Shop Nos. 1 & 2 using empty shops near a traditional market as a
space to expand sales channels for young entrepreneurs and revitalize the old downtown
area Signed
an MOU with Jeongeup City in June for the initiative which will strive to
enrich the city’s content for tourists as well as citizens
SKC (CEO Lee
Wan-jae) has launched ‘Sharing Shops’ for young entrepreneurs in Jeongeup,
Jeollabuk-do, the production base of SK nexilis, SKC’s subsidiary specializing
in copper foil business for secondary batteries as its first step to help
revitalize the local economy. Based on an MOU signed in June with the city of
Jeongeup, SK nexilis has sought ways to lay the foundation for mutual
prosperity with the local community in the municipality.
On October 7, SK
nexilis held the opening ceremony of Sharing Shop Nos. 1 and 2 with the
municipal government of Jeongeup at the sites near a traditional market in the
city. It is the first outcome of ‘Joy’n Jeongeup,’ a local rediscovery project
being promoted by SK nexilis and Jeongeup City. The attendants included Kim
Young-tae, CEO of SK nexilis, Yoo Jin-seop, mayor of Jeongeup, and Kim
Jeong-hyeon, CEO of Underdogs, a startup education company.
A ‘Sharing Shop’
is aimed at expanding markets for young entrepreneurs. The initial two Sharing
Shops are situated in previously empty stores, which have undergone renovation,
near Samgoeul Market, the largest traditional market in Jeollabuk-do.
‘Restaurant 22’ launched by food director Jeong Hee-jin at Sharing Shop No. 1
presents fine dining based on local specialties such as Korean beef and oats. Sharing
Shop No. 2 is a select shop run by the lifestyle company ‘more_andmore’ based
in Gunsan to sell perfume products and much more with motifs of famous places
in Jeongeup such as Mount Naejangsan.
SK
nexilis and Jeongeup City will develop the old downtown area of Jeongeup
City as a ‘Signature Area’ using the Sharing Shops as a launching pad. They
will run the Sharing Shops as six-month pop-up stores to benefit as many young
entrepreneurs as possible while supporting entrepreneurs from the Sharing Shops
settle down in the Jeongeup area. They will also strive to increase the number
of Sharing Shops as an effort to expand the platform while enhancing startup
consulting services for local merchants so more of them can join the Sharing
Shop platform.
SKC nexilis will
also focus on identifying and developing added content that can please both
Jeongeup citizens and tourists such as a walking event along the beautiful
trekking course of Mount Naejangsan and a food truck festival featuring
renowned food trucks from all over the country as well as local restaurant
booths.
Kim Young-tae, CEO
of SK nexilis, said, “With the opening of the first and second Shared Shops, we
have embarked upon the ‘Joy’n Jeongeup’ project designed to revitalize the
regional economy,” adding “As a member of the local community, SK nexilis will
continue to create content that can attract more people to Jeongeup so that we
can increase the social value of the community and help revitalize the local
economy.”
[On October 7, SK
nexilis launched 'Sharing Shops’ for young entrepreneurs in Jeongeup,
Jeollabuk-do, home to its domestic production facilities to help revitalize the
local economy. The ceremony attendants including SK nexilis CEO Kim Young-tae
(fifth from the right) and Jeongeup Mayor Yoo Jin-seop (sixth from the right)
are pledging their full support for the initiative.]
[On October 7, SK
nexilis launched 'Sharing Shops’ for young entrepreneurs in Jeongeup,
Jeollabuk-do, home to its domestic production facilities to help revitalize the
local economy, with the attendance of SK nexilis CEO Kim Young-tae, food
director Jeong Hee-jin of Sharing Shop No. 1, and Jeongeup mayor Yoo Jin-seop
(from right).]
[On October 7, SK
nexilis launched 'Sharing Shops’ for young entrepreneurs in Jeongeup,
Jeollabuk-do, home to its domestic production facilities to help revitalize the
local economy, with the attendance of Jeongeup Mayor Yoo Jin-seop, more_andmore
CEO Kim Hee-song of Sharing Shop No. 2 and SK nexilis CEO Kim Young-tae (from
left).]
2021-10-08
SKnexilis Selected as the Best Company for Job Creation in Korea in 2021
● ‘The Ministry of Employment and Labor’ and ‘the Presidential Committee
on Jobs’ has announced top-100 companies that created more jobs and improved
job quality in 2021. ● SK
nexilis has increased jobs by over 20% a year since 2019 while improving
work-life balance for its employeeSK nexilis, a subsidiary
of SKC (CEO Lee Wan-jae), specializing in the manufacture of copper foil for EV
batteries, has been selected as one of Korea’s best companies in job creation
in 2021 in recognition of its significant contribution to creating more quality
jobs during the year.
On July 27, SK
nexilis was presented with the presidential award as ‘Korea's Best Job Creator
2021’ at a ceremony hosted jointly by the Ministry of Employment and Labor and
the Presidential Committee on Jobs.
Launched in 2018, the
‘Korea’s Best Job Creator’ Awards are aimed at recognizing businesses that have
created jobs while leading the way in improving the quality of jobs. 2021 marks
its fourth anniversary. Candidates are selected through recommendations from
the public and analysis results of the Employment Insurance’s database, with
the 100 finalists chosen through on-site investigations and assessments by the
Selection and Review Committee.
SK nexilis was
recognized to be particularly outstanding in (1) creating new jobs, (2)
reducing working hours, and (3) enhancing employee welfare: The company has
continued creating new jobs since 2019, hiring more than 20% of its total
workforce YoY every year. It has also cut down on unnecessary overtime work
through the introduction of flexible working and the expansion of telework
infrastructure. It has enhanced employee welfare, too, through various efforts
to support a better ‘work-life balance’ for its employees by recommending them
to take a monthly leave among others.
CEO Kim Young-tae
of SK nexilis said, “Based on our company’s best copper foil manufacturing
technology for EV batteries in the world, we will grow into the world’s No. 1
copper foil manufacturer equipped with the largest copper foil supply capacity
across the globe.” He went on to say, “We will do our best to make our members
feel happy while working and contribute to the development of the mobility
industry by producing the world’s best products in the industry.”
[photo
description]
[Lee Jae-hong
(left) in charge of management support in SK nexilis and Jeon Hyeon-cheol
(right) heading Jeonju office of the Ministry of Employment and Labor at the
'2021 Korea Best Job Creator’ certification ceremony held at the ministry’s
Jeonju office on the 27th, where SK nexilis was awarded a
Presidential Certification Plaque.]
2021-07-27
SKC publishes 2021 Sustainability Report
Coming up with ESG visions and three main goals
from our core issues and effort from Deep ChangeThe Company is in promotion of 2030 Plastic Net
Zero; 2040 Greenhouse Gases Net Zero under the ESG vision “Origination for the
Next Generation”Announcing 2021 as the first year of SKC’s
sustainable management ··· stressing the importance of the effort to create a
better future/world
Having announced 2021 as the first year of its
sustainable management, SKC published its 2021
Sustainability Report, disclosing its ESG vision “Origination for the Next Generation.” The
Company also set 2030 and 2040, respectively, as the target years for its
accomplishment of its goal of Plastic Net Zero and Greenhouse Gases Net Zero.
On July 23, SKC put up its 2021
Sustainability Report with the said content on its homepage. The Company said that it drew up the report,
which set its ESG vision and three sustainable management-related aims in
consideration of issues in which inside/outside stakeholders are interested and
an effort for Deep Change, which came up with through materiality
assessment.
SKC set “origination,” which means the beginning
and creation as its identity as a material business that engages in production
of materials serving as the basis of goods and contributes to industrial
development. In addition, it set the direction of its sustainability activities
as “For the Next Generation” as one in pursuit of mankind’s sustainable future.
The Company has also come up with the top three
sustainable management-related aims. It categorized keywords extracted from the
nine core issues, SKC Vision, and effort for Deep Change identified through materiality assessment as follows: ▲ Origination with Specialty, ▲ Origination for a
Sustainable Environment, and ▲ Origination for Stakeholders.
The report is focused on the three sustainable
management aims. It displays the Company’s commitment to the happiness of
stakeholders through the following: provision of support for changes in the
world through daring investment in mobility, semiconductors, and eco-friendly
materials, contribution to sustainable environment, targeting 2030 Plastic Net
Zero and 2040 Greenhouse Gases Net Zero, and strengthening the win-win effort,
including the new material technology-based open platform promoted from 2017.
The Company strived to make the report include more substantial content
than the one published last year, which was the first year of its publication
of the Sustainability Report. Compared to last year’s, which was focused on the
introduction of the results of relevant activities carried out, this year’s
included an introduction of ESG activities carried out by businesses in which
the Company invests. Compared to last year’s, the report for this year also
expanded the scope of disclosure per Global Reporting Initiative GRI and newly
reflected the criteria recommended by the Sustainability Accounting
Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD).
Commenting on the matter, an SKC official said, “This
year will be our first year for establishment of the ESG management
organization system, both in name, reality, and the execution of sustainable
management. We will push forward with the top three sustainable management goals
and build the groundwork for governance, compliance, and safe environment in a
bid to make a better future/world.”
In 2020, SKC created a total of 487.2 billion
won (a 23.6% y-0-y increase) worth of social value, as a result of
strengthening ESG management, starting with DBL (Double Bottom Line) management
for simultaneous pursuit of economic and social value in 2019. The said amount
is made up of the effect of indirect economic contribution (398.6 billion won),
including tax payments/dividend payouts, business-based social results (83.0
billion won), and social contribution-related social results (5.6 billion won).
[Relevant photo]
[The
cover of SKC’s 2021 Sustainability Report]
2021-07-23
SK nexilis, jointly with City of Jeongeup, to play lead role in invigoration of local economy with signature items.
To strive to invigorate the local economy
jointly with the City of Jeongeup in order to enhance social value through
win-win cooperation To provide spaces that remain idle to young
startup owners to form unique signature streetscapes
SK nexilis, a wholly-owned subsidiary of SKC (President
LEE Wan-jae) as one specializing in copper foil production, plans to strive to
invigorate the local economy jointly with the City of Jeongeup, including the creation
of tourist attractions and provision of support for small store owners in order
to enhance their competitiveness.
On June 30, SK nexilis President Kim Yeong-tae
signed a business agreement with the City of Jeongeup for the establishment of
the groundwork for a win-win success for the local community in a ceremony held
at Jeongeup City Hall. Under the agreement, the company plans to form a joint
task force to strive for the aforementioned end.
Jeongeup, where SK nexilis has its domestic
production foothold, boasts beautiful natural scenery and is easily accessible
from across the country via KTX or otherwise, but visitors have said that the
place does not have many attractions that they can spend their time enjoying. In
this regard, SK nexilis and the City of Jeongeup will work together to create
contents designed to maximize the city’s attractions.
First of all, the plan includes the formation of
unique signature streetscapes in Jeongeup. They will invite young startup
owners to run pop-up shops, using store spaces that were left idle.
They will also run a program designed to provide support for small store owners
so they may grow in the signature streetscapes. The plan includes educational
sessions designed to enhance their business capabilities, one-on-one coaching
sessions, provision of relevant consulting, and support for space remodeling.
They will also periodically hold a Food Truck
Festival, inviting those that have earned fame for their specialty food. Development
of tracking courses along the routes where visitors can relish the natural
beauty of Naejangsan Mountain, walkathon, etc. will also be included in the
plan.
Their plan also includes running inexpensive
tourist houses by remodeling dilapidated motels taken over from the current
owners.
Commenting on the matter, SK nexilis President
Kim Yeong-tae said, “Jeongeup is where we have built our business capability.
We will strive to contribute to the invigoration of the local economy and
enhance social value as a member of the local community by fulfilling our part
of the agreement signed with the City of Jeongeup.”
[Photo]
[SK nexilis
signed a business agreement with the City of Jeongeup for working together for a
win-win local development in a ceremony held at Jeongeup City Hall on June 30. Posing
for the photo after the signing session are SK nexilis President Kim Yeong-tae (the
fourth from the right) and Jeongeup Mayor Yu Jin-seop (the third from the
left).]
2021-06-30
“SKC Startup Plus” recruiting 4th members to reinforce the Korean material industry ecosystem
Tangible
& intangible infrastructure provided for business support to promising
material companies such as startups and small~medium enterprises along with 15 cooperating
organizationsTotal
of 36 companies until the 3rd members to support commercialization···
Sales and number of employees doubled, investment amount increased 15 times
SKC
(CEO
Lee Wan-jae)
is selecting the 4th members of “SKC Startup Plus” through the new
material technology contest to start the activities. In this year’s 4th
session of SKC Startup Plus, companies with promising technology are selected
to support commercialization through tangible and intangible resources in the “New
Material Technology-based Open Platform (“Open Platform”)” participated in by
various organizations.
On
the 10th, SKC provided a total of 100 million Korean Won in
commercialization support fund to 5 selected companies at the head office in
Jongno-gu, Seoul to hold the “4th SKC Startup Plus Kick-off Event” for
introducing the Open Platform, the system for supporting the selected companies.
This
event was participated in by the CEOs of the selected companies, Chairman Kwon
Oh-kyong from the National Academy of Engineering of Korea—which is
participating in the Open Platform—Nah Kyung-hwan, Head of the R&D
Strategic Planning Group, Kim Jae-hoon, Head of the Ulsan Center for Creative
Economy Innovation, Oh Jong-han, representative lawyer at the SHIN&KIM (Sejong
Law Firm), Baek In-kyu, Chairman of the Board of Directors at Deloitte Anjin
LLC, and Shin Sang-il, Head of the Large Enterprise Financial Center at Shinhan
Bank.
SKC
developed the “Open Platform” in 2017 with the Ulsan Center for
Creative Economy Innovation, with the “SKC Startup Plus” Contest held every
year from 2018 to select promising companies for support. The participating companies
were expanded from startups to local society and small~medium enterprises, and
agencies participating in the Open Platform were increased to 16 organizations.
Last year, SKC agreed on a partnership with the National Academy of Engineering
of Korea, the institution having the highest authority in the domestic
engineering field.
This
year, a total of 5 companies were selected. Companies with eco-friendly
technology, mobility, and semiconductor material technologies such as ecomass
with biodegradable film manufacturing technology, Chemifolio with bio-chemical
ingredient technology, CHEONGMYEONG Advanced Materials that produces optical
sheet applicable to the Smart window and next-generation display, S-Graphene
that has the next-generation ultra-thin separation film technology on secondary
battery, and BEAD ORIGIN that manufactures the core material for semiconductor
CMP slurry were selected.
These
companies will be provided with tangible and intangible infrastructure from 16
organizations participating in the Open Platform, with SKC
providing the support fund for commercialization along with 45 years’ know-how
on R&D and management as the material company. The Ulsan Center for
Creative Economy Innovation provides training on business operation and
follow-up businesses, and the Korea Institute of Science & Technology
Information supports commercialization and research & planning capability
upgrade. The R&D strategic planning group in the Ministry of Trade,
Industry & Energy is in charge of policy training and system improvement,
and Deloitte Anjin LLC provides accounting advice and connection with global
investment companies. Shinhan Bank provides financing support based on technology
valuation.
The
National Academy of Engineering of Korea joined the Open Platform last year,
and professional consulting is provided in detail in various fields such as
management and R&D, etc. Korea Technology Finance Corporation provides
matching based on the technology required for selected companies, with the Korea
Startup Forum in charge of developing and supporting startups. Lastly, SHIN&KIM
(Sejong Law Firm) provides legal advice, etc.
Last year,
these participating organizations and SKC supported commercialization for 36
companies selected through the SKC Startup Plus Contest. As a result, the sales
and number of employees of the selected companies in the first semester of this
year doubled compared to before participating in the Open Platform, and the
investment amount increased 15 times.
For
example, Arun, the company that uses semiconductor micro-processing technology
to manufacture the waste processing filter, performed the field test with SKC
to receive the NET New Technology Certification from the Ministry of Trade,
Industry & Energy. It was also selected for the TIPS program by the
Ministry of SMEs & Startups (MSS). ORION NES, the company that uses
electro-chromic technology to manufacture the next-generation Smart window film,
is developing the technology jointly with SKC, having received investment from
the Small & Medium Business Corporation.
“In recognition of win-win efforts centering
on the Open Platform and SKC Startup Plus, SKC was selected as the 14th
‘Voluntary Win-Win Cooperation Enterprise’, receiving the Minister Prize from
the Ministry of SMEs and Startups (MSS) last year. SKC will continue efforts to
enable ‘SKC Startup Plus’ to become the top ‘Commercialization Support Program’
in Korea and to contribute to reinforcing the material industry ecosystem,” SKC
personnel said.
[Introduction of Companies Selected in the 4th
SKC Startup Plus]
Company Name
Business Details
ecomass
Production of biomass/biodegradable
eco-friendly products
Chemifolio
Production
of eco-friendly, highly functional chemical ingredients using cashew nut
shells
CHEONGMYEONG
Advanced Materials
Manufacture
of optical sheet for display with possible application to the Smart window
film
S-Graphene
Development
of next-generation ultra-thin separation film and silicone cathode active
material for lithium-ion battery
BEAD ORIGIN
Manufacture
of core material for the semiconductor CMP slurry
[Organizations Participating in the New Material Technology-Based
Open Platform]
[Photo]
[SKC
held the “4th SKC Startup Plus Kick-off Event” on the 10th
at the head office in Jongno-gu, Seoul. In this event, the CEOs of 5 selected
companies, Lee Wan-jae, CEO of SKC, and CEOs of 7 organizations participating
in the New Material Technology-Based Open Platform participated.]
2021-06-10
SKC promotes innovation in governance structure to make it compare favorably with relevant global standards.
Outside directors elected to head up four
committees by Board of Directors … Operation of BOD centered around outside
directors Has launched outside director-only Insider
Trading Committee for stringent deliberation of inside trading, with specially
related people and their investment
SKC (President Lee Wan-jae) intends to encourage
more participation of outside directors in the BOD’s activities, in a bid to
enhance the transparency of the company’s governance structure, and make firm
the groundwork of sustainable management. As part of this intention, the company
will fill the positions of the chairs of all BOD committees with outside
directors and launch the Insider Trading Committee, which is participated in only
by outside directors to look into insider trading more stringently.
On March 15, SKC submitted a report on the plan
for the innovation of the company’s governance structure with such content. Then,
the company will announce its Governance
Structure and Charter approved by the periodic General Meeting of Shareholders
and the BOD on March 30. Follow-up steps will then be taken, such as the launch
of new committees.
SKC will first launch three BOD committees. The
outside director-only Insider Trading Committee will stringently deliberate
matters, like the company’s transactions, with specially related people,
including controlling shareholders and their investment in the company. The
committee will check the transactions with them and present its opinions.
The Personnel Committee will assume the role of
recommending outside director candidates, which used to be handled by the Outside
Director Candidates Recommendation Committee, and carry out the task of checking
inside directors. For this, the committee will be given the right for the evaluation
of/compensation for inside directors, including the CEO, and for recommendation
of the CEO. The committee will be headed up by an outside director for its
independence.
The ESG Committee will deliberate the following
in advance: the Company’s mid/long-term strategy, the strategy for ESG
promotion, large-scale investment projects, the annual management plan, etc. The
committee will review the direction of the Company’s ESG management and will periodically
monitor how the relevant matters are executed. It will also be headed up by an outside
director.
The existing Audit Committee, which will also be
only composed of outside directors, will carry out the function of integrated
supervision of risk management, in addition to accounting audits, to enhance
the company’s transparency in management and be well ready for crises. It will
have the rights for non-financial audits, like compliance-related audits, the election
of outside auditors, and consent to the election/dismissal of inside directors.
Moreover, SKC will step up its efforts to
enhance the BOD’s expertise and diversity. This year, the company will elect
female outside directors who specialize in environment and laws. Next year, the
company will increase global ESG experts and the like.
Commenting on the company’s plan, an SKC
official said, “We have strived to enhance the BOD’s transparency and
independence, including the separation between the President and the BOD Chair
and expansion of items that should obtain the BOD’s approval over the past few
years. We will make this year the first year of ESG management and strive to make
our governance structure one that compares favorably with relevant global
standards, and which firmly lays the groundwork for sustainable growth.”
2021-03-15
Receiving applications for 4th round of SKC Startup Plus (new material-related technology contest)
Designed to explore/develop promising businesses that specialize
in eco-friendly/mobility/semiconductor··· Deadline for submission: April 13; Result
announcement: April 30Effort for
invigoration of the material sector, jointly with 11 institutions, including
NAEK··· establishment of a sustainable
platform
SKC (President: Lee Wan-jae) is receiving applications
for the 4th
round of SKC Startup Plus, which is a new material-related technology contest. The annual event, which marks the 4th
round this year, is a program designed to help businesses with promising
technologies to further develop commercially, through the tangible/intangible
assets of the New Material-related Technology-based Open Platform, in which
eleven relevant institutions participate.
SKC will receive the aforementioned applications, starting
March 9. Startups (to-be) and SMEs with creative ideas or technologies related
to highly-functional industrial materials or those with added value, such as
eco-friendly/mobility/semiconductor, may apply. They need to submit their
application by email to tnwls3654@ccei.kr by April 13, referring to the public
notice at the homepage of the Ulsan
Center for Creative Economy & Innovation (UCCEI).
About ten businesses will be selected and the result is
to be announced on April 30. SKC will provide them with support funds for the commercialization
of their technologies and share its management know-how and R&D infrastructure,
which has been accumulated over the past 40 years as a business specializing in
materials, with them.
SKC will also provide support for the winners in sectors
related to technology, finance, safety/environment, and startups, through its
consulting service, Industrial Master, which started last year. Industrial
Master is a platform service linking small-sized material businesses with
industrial experts for mutual cooperation.
Institutions selected to work with SKC in this event will
add their expertise. The National Academy of
Engineering of Korea (NAEK), for one, is to provide professional consulting in management,
factory operations, and R&D. The Korea Technology Credit Guarantee Fund (KOTEC/Kibo) will engage in
technology matching that is required by the selected businesses. The Korea Startup Forum is to provide support for the development
of startups. Law firm, Sejong, will provide legal consulting.
The UCCEI
will provide education and subsequent programs that are required for the operation
of the businesses. The Korea Institute of Science and Technology Information (KISTI) is to help
the businesses with their commercialization and upgrade of their
research/planning capability. The Office of Strategic R&D Planning will provide support in policy-related education and
systems improvement. Deloitte Anjin LLC is to provide
support for consulting in accounting and linkage with global investment institutions. Shinhan Bank is to provide financial support concerning
the evaluation of the technological value of the businesses. The Uslan Technological
Center is to provide technological support for ventures/SMEs.
SKC jointly established the open platform with the UCCEI,
etc. in 2017 and started SKC Startup Plus in the following year. Since then, it
has poured effort into the expansion of the open platform, including the
increase in the number of participating institutions with professional
capability and the businesses. In May 2020, SKC was selected as the 14th
Business Engaging in the Voluntary Win-Win
Cooperation by the Ministry of SMEs and Startups (MSS) as an apparent result of
such efforts.
Commenting on the event, an SKC official said, “We will
do what we can to strengthen the country’s material sector ecosystem by
developing promising businesses that specialize in the materials sectors, in
cooperation with the institutions that are participating in the new
material-related technology-based open platform.”
2021-03-09
SKC strengthens its ESG management through the purchase of green premium renewable energy
● Its joint
venture, SK picglobal, won a bidding for 13 GWh of renewable energy as part of an effort
to take part in RE100.● SKC, jointly with its investees, to expand
activities designed to enhance the level of RE100 fulfillment
SK picglobal, one of SKC’s (President Lee Wan-jae’s)
joint ventures in the global chemical business, is taking part in SKC’s RE100
fulfillment, through the purchase of green premium renewable energy. RE100
refers to a campaign for the conversion of a business’ power requirements to
renewable energy, such as photovoltaics, wind power, etc. SKC has strived to share
growth with others, by providing support for the materials sector for their
higher competitiveness since 2017. It is also planning to strengthen its ESG
management, including the enhancement of the level of RE100 fulfillment, jointly
with its investees.
In a “green
premium” bidding for 13 GWh of renewable energy that was recently initiated by
KEPCO, SK picglobal won. “Green premium” refers to a system that was adopted by KEPCO this
year for selling renewable energy to power consumers, including businesses, at
a premium price.
13GWh is the amount
of energy that can be used by about 3,200 households for a year. SK picglobal plans to use the power energy that it won, through the bidding at its
factory in Ulsan, as part of the effort to take part in RE100 and plans to continue
to enhance its level of participation.
SK picglobal ’s
participation in RE100 is part of an effort made by SKC to strengthen its ESG
management. SKC has strived to share its growth in business
with those in the materials sector, by operating the new material
technology-based open platform, since 2017. As a result, the company is at the
“A” level in ESG. SKC plans to expand its relevant activities, setting 2021 as
the first year of its ESG management.
Recently, SKC, together
with five other affiliates, made its RE100 fulfillment official, putting its
name on the RE100 membership as the first Korean business to do so. Following in its footsteps, SK nexilis, one of
SKC’s investees that specializes in copper foil for secondary batteries, has
decided to fulfill RE100 at its factory in Kota Kinabalu,
Sabah, Malaysia, which will begin its commercial operation in 2023. SK nexilis
has also decided to go along with RE100 at its factories that are being
expanded.
Commenting on
the matter, an SKC official said, “SK picglobal has become the world’s first
business that has commercialized an environmentally-friendly HPPO method. It is
expanding its ESG management, including the promotion of its plan for the establishment
of a facility for the production of pyrolysis oil from plastic waste, the largest one of its kind in the country. We at SKC will work
together with our investees, in order to strengthen our ESG management, including the enhancement of the
level of RE100 fulfillment.”
2021-02-09
SKC, together with its affiliates, provide free meals in areas close to its places of business
● “Love-thy-neighbor”
activities for seniors in Suwon, Cheonan, Jeongeup, and Ulsa● Particularly those
suffering from the COVID-19 situation··· Offering free meal/side
dishes/food
SKC (President Lee
Wan-jae), together with three of its affiliates, engages in “love-thy-neighbor”
activities, particularly for seniors suffering from the COVID-19 situation. The
activity is part of the effort to participate in the Project for the Establishment
of a Safety Net, which is carried out by the SK Group.
On February 8, SKC,
along with SK nexilis, SK picglobal, and SKC Hi-tech & Marketing, started
offering free meal to seniors in Suwon, Cheonan, Jeongeup, and Ulsan, where
they operate their places of business.
On February 8, those
at SKC provided side dishes and lunch boxes to seniors who are living alone at
the Jeongja 1-dong Community Center, Suwon, which is close to SKC’s Suwon
Factory, with the help of the local women’s association. The company has
engaged in a “love-thy-neighbor” activity like this since 2002, and this year,
it expanded the scope of those receiving the aforementioned service.
SKC Hi-tech &
Marketing, which operates a factory for film processing in Seongeo, Cheonan,
also carried out the activity on February 8. It provided a package of health
food to local seniors who are living alone, through a network of cooperation that
is participated in by the local community center, Hanaro Mart, and home
economics agents.
SK nexilis will take
part in the activity in the form of providing support for local free meal
kitchens for seniors in Jeongeup, in cooperation with Jeongeup City Hall. SK picglobal
will provide financial assistance to the Senior Welfare Center, which is close to its factory in Ulsan
Commenting on the
matter, an SKC official said, “We always strive to fulfill our social responsibility,
including filling in social safety network loopholes. The activity carried out
by us for locals close to our places of business this time is part of such an effort.”
[Relevant photos]
2021-02-09
SK nexilis to fulfill RE100 in Malaysia, the first of its kind ever attempted in the sector
Factors considered
include power supply rate, infrastructure, and expansibility in selection of Kota Kinabalu, Malaysia, as the factory siteTo build a factory
with a capacity of 44,000 tons a year, by investing 650 billion won until 2023,
increasing its total production capacity three-foldTo consider follow-up
investment this year in Malaysia, Europe, and the United States∙∙∙ with the aim
of securing the world’s largest production capacity, by 2025
SK nexilis,
boasting its status as the world’s No.1 manufacturer of copper foil for EV
batteries, as a fully owned affiliate of SKC (President Lee Wan-jae), has decided to
build its first overseas factory in Malaysia. It will fully utilize its accumulated
know-how, and will fulfill RE100 as the first company in the relevant sector
that has ever attempted such a feat.
At its session of the
Board of Directors, held on Jan. 26, SK nexilis settled on the KKIP Industrial
Complex in Kota Kinabalu, Sabah, Malaysia as the site of its first factory outside
Korea. It plans to build a
factory with a capacity of 44,000 tons a year, by investing 650 billion won,
starting work in the first half of this year and starting the commercial
operations of the factory in 2023. With this factory, its total production
capacity will increase three-fold to 100,000 tons a year.
The aforementioned factory
is particularly significant, as the Company is committed to go 100% renewable,
the first attempt of this kind made in the sector. The said commitment is the display
of its resolve for ESG (environmental, social, and governance) management, and to cope with major
customers’ request for the expansion of the use of RE100 materials in its
production. Recently,
the six SK affiliates, including SKC, its parent company, have announced their
resolve to push forward with RE100, the first of its kind ever attempted by a
major business in the country.
Malaysia offers merits to the Company in terms of power supply, which is
a core factor in the production of copper foil. In an electrodeposited copper manufacturing process, the
copper foil is deposited on a titanium rotating drum from a copper solution
where it is connected to a DC voltage source. Thus, the process requires a large
capacity of electric power. Malaysia ranks No.1 among Southeast Asian countries, in terms of
stable power supply, and its power supply rate is at about half that of Korea’s.
A large part of its power generation relies on renewable energy, like hydraulic
power generation, meaning it is eco-friendly.
Kota Kinabalu, in particular, is one of the best sites for SK nexilis’s
factory. As the capital of Sabah Province in the northern part of Borneo
Island, the city offers the lowest power supply rate among the candidate sites and
can be relied on for a stable supply of power. It has a large-sized port and an
airport required for the export of products, and it provides good
infrastructure like gas and water. As for the factory land, the site can accommodate
the Company’s plan to expand the land to 400,000 ㎡, which
is three times as large as that of the Jeongeup factory in Korea.
SK nexilis plans to install an automated facility, boasting the world-best
technological capacity and know-how. SK nexilis has already taken measures to
enhance productivity, by improving its facilities by adopting unmanned transportation
vehicles and robots in Factory-4 in Jeongeup, which started the commercial
operations this year. Based on its experience in the operation of Factory-4, SK
nexilis plans to upgrade Factories-5/6 and utilize the know-how accumulated in
them in Malaysia, in a bid to build the world’s No.1 copper foil factory.
SK nexilis is also
considering follow-up investments in Malaysia, Europe, and the United States in
order to cope with the rapidly growing markets. According to SNE Research, the
EV market and the battery market are expected to grow by 41% and 38% on
average, respectively, until 2025. The demand for copper foil is increasing and
SK nexilis is displaying a 100% operation rate. The Company plans to expand its
production capacity five-fold by 2025, through continued investment.
Commenting on the matter, Representative Kim Yeong-tae of SK nexilis
said, “We will build first-rate factories that befit the technological
capability we boast in the production of the world’s thinnest and longest
copper foil for batteries. We will secure higher cost competitiveness through
the factory in Malaysia, strengthen our EST management, including the fulfillment
of RE100, and reinforce our status as the world’s No.1 business in copper foil,
through continued investment.”
[Relevant photos] [A view of SK nexilis’s factory in Jeongeup, Korea] [Copper foil produced by SK nexilis]
2021-02-03
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