BlueOval SK 50% Paid-in Capital Reduction: SK Innovation Secures 100% Ownership, Capital Decreases by 5.14 Trillion KRW
- BlueOval SK (US JV) decides 50% paid-in capital reduction: Ford's entire stake is repurchased and canceled; SK Battery America (SK Innovation subsidiary) holds 100% ownership.
- Reduction ratio: Common stock 50%; capital pre-reduction 10.29 trillion KRW → post-reduction 5.14 trillion KRW (decrease of 5.14 trillion KRW).
- Reduction schedule: Record date 2026-05-21, board resolution date 2025-12-10 (final approval date).
- Method: Paid-in reduction (company pays consideration to shareholder); purpose: asset efficiency and operational flexibility.
- SK Innovation consolidated: BlueOval SK total assets 18.03 trillion KRW (16.32% of consolidated assets).
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KOSPI Filing Information
- Filing: [Correction of Description] Capital Reduction Decision (Major Management Matters of Subsidiary)
- Company: SK Innovation (096770)
- Submission: SK Innovation Co., Ltd.
- Receipt: 05-21-2026
- Under KRX KOSPI Market Division