"Partner Competitiveness is Our Competitiveness" SK On Strengthens Win-Win Cooperation

42 Major Strategic Partners
Launch of the 2nd Win-Win Growth Council
Pursuing 'Partner Happiness' Together

SK On will pursue mutual growth with domestic material, parts, and equipment partners.

On the 11th, SK On announced that it held the launch ceremony of the 2nd SK On Mutual Growth Council at the Gwanhoon Building in Jongno-gu, Seoul. SK On executives including CEO Jidongseop, COO Jingyowon, Chief Management Officer Choi Youngchan, and CFO Kim Kyunghoon, along with representatives of council member companies, attended the event.

The 2nd council includes a total of 42 key strategic partners, including battery raw material suppliers. This is an increase of 10 companies compared to the 1st council launched in 2021. The 2nd council will operate for two years starting from June 2023.

CEO Ji, who has always emphasized that "the competitiveness of partners is SK On's competitiveness," said, "SK On will also strive to realize the dreams of our partners," adding, "Let us create competitiveness together with a long-term roadmap focusing on technology development, cost competitiveness, and overseas localization."

Jidongseop, President and CEO of SK On (ninth from the left), Jingyowon, President and COO of SK On (second from the right), Choi Youngchan, President of Management Support at SK On (fourth from the left), and representatives of partner companies are taking a commemorative photo at the launch ceremony of the 2nd Win-Win Growth Council held on the 10th at Gwanhun Building, Jongno-gu, Seoul. [Photo by SK On]

SK On regularly holds working-level division meetings and symposiums with these partners and carries out pro bono activities based on specialized capabilities such as ESG, quality, and manufacturing process efficiency. Pro bono is a Latin term meaning ‘for the public good (Pro bono public),’ referring to experts providing their professional services free of charge for the public (society).

They also share corporate infrastructure such as SK Group’s education platform ‘mySUNI’ and support loan interest for excellent partners through the Mutual Growth Fund. They plan to cooperate mutually in response to global supply chain management regulations such as the U.S. Inflation Reduction Act (IRA).

SK On has taken the lead in mutual growth. The proportion of domestic companies among the equipment installed at SK On’s sole factories in Georgia, USA, and the BlueOvalSK joint factory between SK On and Ford exceeds 90%. Some partner companies have actively expanded into overseas markets based on cooperation with SK On, conducting vigorous business activities in countries including the U.S. and Europe.

An SK On official said, "In line with the group’s core management philosophy of ‘pursuing the happiness of all stakeholders,’ we will pursue not only the competitiveness but also the happiness of our partners together."