(Photo= Provided by SK Innovation)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] The innovation was found to have liquidated its subsidiary, Blue Dragon Energy, a Chinese battery business corporation. This is due to poor business conditions and poor business feasibility.

According to the Financial Supervisory Service's electronic disclosure system on the 13th, SK Innovation said in a 2023 audit report that it liquidated its subsidiary Blue Dragon Energy last year.

In 2018, SK Innovation invested 86.4 billion won in the corporation, changing the corporate name of SK Battery China Holdings, a Chinese subsidiary with a 100% stake, to Blue Dragon Energy.

The innovation has focused on the role of a holding company in charge of developing an eco-friendly portfolio after spraying its battery and oil development projects into SK On and SK Earth On in 2021, respectively.

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