Industry
SK Innovation to absorb SKIET in merger to block battery business risks
SK Innovation will absorb battery separator subsidiary SKIET through a small-scale merger after SKIET posted a 211.4 billion won net loss last year. The company said unstable finances at the disappearing company could disrupt separator supply and lead to production disruptions at battery unit SK On. The merger ratio is 1 to 0.1174540, and new shares to be issued total 4,481,300. The merger date is Jan. 1, 2027.
