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SK On, the pioneering battery manufacturing arm of SK Group dedicated to new energy vehicles, has officially announced the completion of a tripartite merger, positioning itself as a "global battery and trading enterprise." Last November, SK On successfully integrated with SK Trading International, which subsequently renamed itself SK On Trading International and continued to function seamlessly within the company's internal framework. Furthermore, SK Enterm, Korea's leading operator of commercial storage tank terminals, has now joined the ranks of SK On Trading International. This strategic merger aims to bolster SK On's raw material sourcing capabilities and fortify its financial standing, with projections indicating a potential surge in revenue to 62 trillion Korean won and assets to 40 trillion Korean won post-merger.
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