Official launch of SKINO-E&S Merger Corporation..."Asia's biggest energy dinosaur".

The merger of SK Innovation and SK E&S, which is the core of SK Group's business portfolio rebalancing and business restructuring, has been officially launched.

The consolidated corporation is called SK Innovation, which became the largest private comprehensive energy company in the Asia-Pacific region with assets of 105 trillion won as of the first half of this year.

However, there was no separate ceremony.

At the same time, the merger process between its subsidiaries SK On and SK Trading International was completed, and it was reborn as SK On Trading International.

In an email to members today, SK Innovation President Park Sang-kyu said, "The merger will allow us to have a balanced energy portfolio and draw greater future growth," adding, "Let's expand our customers and markets further."