[Featured Stock] SK Innovation Plummets on News of Business Division Review

[Asia Economy Reporter Lee Seon-ae] SK Innovation, which surged early in the session, is showing a sharp decline.

At 9:52 a.m. on the 1st, SK Innovation was trading at 273,000 won, down 7.61% from the previous day. Although it rose to 299,000 won early in the session, it is interpreted that sell-offs occurred due to the possibility of business division.

On this day, SK Innovation held the ‘SK Innovation Story Day’ at the Conrad Hotel in Yeouido, Seoul, and announced plans to strengthen its battery business division. As part of the plan, it also stated that it is considering the option of splitting the battery business division.