[Special Stock] "Subsidiary Secures 195 Billion KRW EU Subsidy" SKC Up 6.78%

SKC's stock price surged on the 26th. This followed news that SK Nexilis, SKC's copper foil business investment company, secured a subsidy of 195 billion KRW from the Polish government.

As of 11:16 AM on the 26th, SKC was trading at 111,800 KRW, up 7,100 KRW (6.78%) from the previous trading day.

On the same day, SK Nexilis announced that it had secured a subsidy of 545 million zlotys (approximately 195 billion KRW) from the Polish government under the European Union (EU) Green Deal policy's 'Temporary Crisis and Transition Framework (TCTF)'. As a result, SK Nexilis became the first Korean battery materials company to receive the EU TCTF subsidy and the company receiving the largest cash subsidy based on a single investment from the Polish government.

In March of last year, the European Union introduced the TCTF, easing subsidy regulations for companies promoting low-carbon initiatives such as electric vehicles and batteries. Major European countries including Italy, Spain, and Germany have been providing subsidies to companies conducting production activities within their countries.