Facility Funds for BlueOval SK
SK innovation announced on Aug. 24 that it has decided to increase the capital in BlueOval SK, a joint venture with Ford in the U.S.
The capital increase amounts to 9.823 trillion won and will be used for facility funds for BlueOval SK in the U.S.
SK innovation stated, “We have decided on the capital increase for BlueOval SK, a 50% subsidiary of SK Battery America,” and emphasized, “Especially, since there are no new share issuances this time, details such as the number of existing shares and issuance price were not recorded.”
Currently, the total assets of BlueOval SK amount to approximately 67.218924 trillion won.
Jasmine Choi
pr@businesskorea.co.kr