SK Innovation to invest up to 3t won in 2017 to boost growth

Seoul

SK INNOVATION Co Ltd, which owns South Korea's top refiner SK Energy, said on Sunday it will spend up to three trillion won (S$3.59 billion) in chemicals, oil exploration and battery businesses to boost its global growth.

Kim Joon, president of SK Innovation, said in a statement that the investments would target new growth options and innovate its business, even though 2017 is expected to be a tough business environment.