SK on to be successful with its IPO: Executive

Executive senior vice chairman Chey Jae-won. [Photo provided by SK on Co.]

SK on Co., a battery maker under South Korea’s SK Group, will successfully debut on the country’s stock market, according to its executive senior vice chairman.

“SK on’s effort to go public will undoubtedly succeed,” said Chey Jae-won, during a town-hall meeting held in Seoul on Thursday. “The specific timing will be decided considering how well-prepared we are.”

The town-hall meeting was held under the theme, “Predetermined Future, Moving Forward.”

Chey emphasized to the employees that electrification is an inevitable trend and a predetermined future.

He also stressed the need to enhance fundamental competitiveness in cost, technology, and manufacturing to cross the chasm, which is temporary demand stagnation.