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SK Energy
SK Innovation Co., Ltd. () is an intermediate holding company of SK Group engaged in petroleum, alternative energy, and oil exploration. It runs its business through eight major subsidiaries, including SK Energy, SK Geo Centric, SK On, SK , SK Incheon Petrochem, SK Trading International, SK IE Technology SK Earthon and SK E&S. History SK Energy was established in 2007 by splitting South Korea's top refiner SK Corporation into an energy operation and holding company. SK Energy handled the energy and chemical businesses, while SK Holdings was in charge of investing in subsidiaries and the life science sector. SK Innovation was created through a restructuring of SK Energy in 2011. The original SK Energy has renamed itself SK Innovation after spinning off its oil refining, lubricants, and chemical businesses. In the beginning, SK Innovation has set up three fully-owned units, including SK Energy (a newly founded company operating crude oil refining business), SK Lubricants (now S ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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The Korea Times
''The Korea Times'' () is a daily English-language newspaper in South Korea. It is a sister paper of the ''Hankook Ilbo'', a major Korean language, Korean-language daily. It is the oldest active daily English-language newspaper in South Korea. Since the late 1950s, it had been published by the Hankook Ilbo Media Group, but following an embezzlement scandal in 2013–2014 it was sold to Dongwha Group in 2015. The president-publisher of ''The Korea Times'' is Oh Young-jin. Description The newspaper's headquarters is located in the same building with ''Hankook Ilbo'' on Sejong-daero between Sungnyemun and Seoul Station in Seoul, South Korea. The paper is not to be confused with ''The Korea Daily News'', a 1904 to 1910 newspaper which briefly ran under the title ''Korea Times''. It is also unrelated to another paper by Lee Myo-muk, Ha Kyong-tok and Kim Yong-ui in September 1945. History ''The Korea Times'' was founded by Helen Kim five months into the 1950-53 Korean War. The ...
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LG Chem
LG Chem Ltd. ( Korean: LG화학), often referred to as LG Chemical, is the largest Korean chemical company and is headquartered in Seoul, South Korea. It was the 9th largest chemical company in the world by sales in 2021. It was first established as the Lucky Chemical Industrial Corporation, which manufactured cosmetics. It is now solely a business-to-business company (consumer products division was spun off into LG Household & Health Care). The company has eight factories in South Korea and a network of 29 business locations in 15 countries. This network includes a holding company in China, 14 overseas manufacturing subsidiaries, five marketing subsidiaries, seven representative offices, and two R&D centers. The ''Financial Times'' reported on April 2, 2017, that LG Chem would be expanding battery production in China. At the time, China accounted for one-third of the company's total sales. In April 2019, LG Chem sued rival SK Innovation for allegedly stealing trade secrets for ...
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Electric Vehicle Battery
An electric vehicle battery is a rechargeable battery used to power the electric motors of a battery electric vehicle (BEV) or hybrid electric vehicle (HEV). They are typically lithium-ion batteries that are designed for high power-to-weight ratio and energy density. Compared to liquid fuels, most current battery technologies have much lower specific energy. This increases the weight of vehicles or reduces their range. Li-NMC batteries using lithium nickel manganese cobalt oxides are the most common in EV. The lithium iron phosphate battery (LFP) is on the rise, reaching 41% global market share by capacity for BEVs in 2023. LFP batteries are heavier but cheaper and more sustainable. However, some commercial passenger car manufacturers are now beginning to use a sodium-ion battery completely avoiding the need for critical minerals. The battery makes up a significant portion of the cost and environmental impact of an electric vehicle. Growth in the industry has generated i ...
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SK On
SK Innovation Co., Ltd. () is an intermediate holding company of SK Group engaged in petroleum, alternative energy, and oil exploration. It runs its business through eight major subsidiaries, including SK Energy, SK Geo Centric, SK On, SK , SK Incheon Petrochem, SK Trading International, SK IE Technology SK Earthon and SK E&S. History SK Energy was established in 2007 by splitting South Korea's top refiner SK Corporation into an energy operation and holding company. SK Energy handled the energy and chemical businesses, while SK Holdings was in charge of investing in subsidiaries and the life science sector. SK Innovation was created through a restructuring of SK Energy in 2011. The original SK Energy has renamed itself SK Innovation after spinning off its oil refining, lubricants, and chemical businesses. In the beginning, SK Innovation has set up three fully-owned units, including SK Energy (a newly founded company operating crude oil refining business), SK Lubricants (now SK ...
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SK Energy
SK Innovation Co., Ltd. () is an intermediate holding company of SK Group engaged in petroleum, alternative energy, and oil exploration. It runs its business through eight major subsidiaries, including SK Energy, SK Geo Centric, SK On, SK , SK Incheon Petrochem, SK Trading International, SK IE Technology SK Earthon and SK E&S. History SK Energy was established in 2007 by splitting South Korea's top refiner SK Corporation into an energy operation and holding company. SK Energy handled the energy and chemical businesses, while SK Holdings was in charge of investing in subsidiaries and the life science sector. SK Innovation was created through a restructuring of SK Energy in 2011. The original SK Energy has renamed itself SK Innovation after spinning off its oil refining, lubricants, and chemical businesses. In the beginning, SK Innovation has set up three fully-owned units, including SK Energy (a newly founded company operating crude oil refining business), SK Lubricants (now S ...
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National Pension Service
The National Pension Service (NPS; ) is a public pension fund in South Korea. It is the third largest in the world with over $800 billion in assets, and is the largest investor in South Korea. The system functions as part of a national social security framework, receiving insurance premiums from subscribers, employers, and the state, and providing old-age pensions, survivors' pensions, and disability pensions—thereby contributing to the stability of the state. It is designed to support individuals who have become non-economically active due to old age. Countries like Japan, Norway, Singapore, and the Netherlands also operate similar centralized systems. A notable difference is that, unlike sovereign wealth funds, only a few countries—including Korea and Japan—invest national pensions into stock markets. Given the fund's size (over ₩500 trillion), it often appears in financial news as a kind of “relief pitcher” during market volatility. It is looking to buy a portfoli ...
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Flag Of South Korea
The national flag of South Korea, also known as the ''Taegeukgi'' (), consists of three components: a white rectangular background, a red and blue ''taegeuk'' in its center, accompanied by four black Bagua, trigrams, one in each corner. The predecessors to the current ''Taegeukgi'' were used as the national flag of Korea by the Joseon dynasty, the Korean Empire, as well as the Provisional Government of the Republic of Korea, Korean government-in-exile during Japanese rule. South Korea adopted ''Taegeukgi'' for its national flag in 1948. History In 1876, the absence of a national flag became an issue for Korea, at the time reigned over by the Joseon dynasty. Before 1876, Korea did not have a national flag, but the king had his own royal standard. The lack of a national flag became a quandary during negotiations for the Japan–Korea Treaty of 1876, at which the delegate of Empire of Japan, Japan displayed the flag of Japan, Japanese national flag, whereas the Joseon dynasty had ...
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Japanese holding company, Nikkei, Inc., Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson plc, Pearson sold the publication to Nikkei for Pound sterling, £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. In 2023, it was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on Business journalism, financial journalism and economic analysis rather than News media, generalist reporting, drawing both criticism and acclaim. It sponsors an Financial Times and McKinsey Business Book of the Year Award, annual book ...
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Electric Vehicle
An electric vehicle (EV) is a motor vehicle whose propulsion is powered fully or mostly by electricity. EVs encompass a wide range of transportation modes, including road vehicle, road and rail vehicles, electric boats and Submersible, submersibles, electric aircraft and electrically powered spacecraft propulsion, electric spacecraft. Early electric vehicles first came into existence in the late 19th century, when the Second Industrial Revolution brought forth electrification and mass utilization of DC motor, DC and AC motor, AC electric motors. Using electricity was among the preferred methods for motor vehicle propulsion as it provided a level of quietness, comfort and ease of operation that could not be achieved by the gasoline engine cars of the time, but range anxiety due to the limited energy storage offered by history of the battery, contemporary battery technologies hindered any mass adoption of private electric vehicles throughout the 20th century. Internal combustion ...
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Yonhap News Agency
Yonhap News Agency (; ) is a major news agency in South Korea. It is based in Seoul, South Korea. Yonhap provides news articles, pictures, and other information to newspapers, TV networks and other media in South Korea. History Yonhap was established on 19 December 1980, through the merger of Hapdong News Agency and Orient Press. The Hapdong News Agency itself emerged in late 1945 out of the short-lived Kukje News, which had operated for two months out of the office of the Domei, the former Japanese news agency that had functioned in Korea during the Japanese Japanese colonial era. In 1999, Yonhap took over the Naewoe News Agency. Naewoe was a South Korea government-affiliated organization, created in the mid 1970s, tasked with publishing information and analysis on North Korea from a South Korean perspective through books and journals. Naewoe was known to have close links with South Korea's intelligence agency, and according to the British academic and historian James Hoar ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ...
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