View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
January 26, 2022updated 27 Jan 2022 4:11am

SK Group to build US$834m centralised R&D centre

Scheduled to become operational in 2027.

South Korean energy and chemicals conglomerate SK Group announced it would build a new centralised research and development (R&D) centre to strengthen the development of ‘green energy’ technology.

The KRW1trn (US$834m) facility, to be located in Bucheon, near Seoul, would employ 3,000 people from key subsidiary companies including SK Innovation and its EV battery manufacturing spin-off SK On, SK Energy Company and SK Inc.

It was scheduled to become operational in 2027 and would focus on the development of next generation technology for batteries, hydrogen, semiconductor materials and carbon reduction/capture.

SK Group said the new R&D centre would help sharpen the group’s technological edge in eco-friendly businesses, as it wants to ramp up investment in new growth segments of the economy. It also said it was aiming to cut carbon emission by 200m tons across the group by 2030.

SK Group’s main R&D centre is currently located in the central region of Daejeon.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU