The Chosun Daily
Summary
SK Innovation has moved to secure large-scale funds through a rights offering by its liquefied natural gas (LNG) power generation subsidiaries.
On the 25th, SK Innovation announced that its subsidiaries, Narae Energy Service and Yeoju Energy Service, have each decided to proceed with third-party allotment rights offerings. The total funding scale amounts to 3 trillion Korean won.
Narae Energy Service operates the Wirye-Hanam combined heat and power plant, while Yeoju Energy Service operates the Yeoju LNG complex power plant. The two companies recorded operating profits of 165.6 billion Korean won and 196.6 billion Korean won, respectively, last year.
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