Group 1 - SK Innovation announced the merger of its electric vehicle battery subsidiary SK On with SK Enmove, which produces lubricants and immersion cooling solutions, as part of its strategy to transform into a leading energy company in the electrification era [1] - The merger is set to officially commence on November 1, aiming to integrate the technological advantages of both subsidiaries and accelerate growth in the electrification business, viewed as a core revenue source for the future [1] - SK Innovation plans to raise 8 trillion KRW in capital by 2025 and optimize 1.5 trillion KRW in assets as part of its restructuring efforts [1] Group 2 - The company expects the merger to yield direct financial benefits, including an increase of 800 billion KRW in EBITDA by 2025 and an additional 200 billion KRW in EBITDA through synergies by 2030 [1] - SK Innovation has set a target to achieve an annual EBITDA of 20 trillion KRW by 2030 while keeping net debt below 20 trillion KRW [1] - The focus will be on core business areas such as electric vehicle batteries, energy storage systems, lubricants, electric vehicle refrigerants, and immersion cooling solutions, with expectations of expanding cross-selling opportunities and entering new markets to enhance revenue [1] Group 3 - The company plans to reduce net debt by 9.5 trillion KRW within the year through asset optimization strategies, including the sale of non-core assets [2] - SK Innovation aims to build a diversified business portfolio covering oil, chemicals, liquefied natural gas, electricity, and energy solutions [2] - In June 2025, SK Innovation acquired the remaining 30% stake in SK Enmove from Eco Solution Holdings for 859.26 billion KRW [2]