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History

SK global chemical lends its history to that of nation's chemical industry

2016

Currently - 2010 SK global chemical Starts its independent management(`11) 2010 - Currently SK global chemical Starts its independent management(`11)

06. SK Selected as 2015 Best Honorable Company for Shared Growth Index by Korea Commission for Corporate Partnership (to grade large businesses based on their efforts to seek coprosperity with smaller partner firms)
2015
10. Opened the plant for Nexlene, a high-performance polyethylene,
the joint venture with Saudi's SABIC
07. Officially launched SABIC SK Nexlene Company (SSNC),
the joint venture with Saudi's SABIC
2014
10. Opened the plant of Ulsan Aromatic Corporation, the joint venture with
JX Nippon Oil & Energy
05. Entered into a joint venture contract with SABIC, a global chemical company,
for Nexlene, a high-performance polyethylene
01. China-Korea Petrochemical, the joint venture formed by SK global chemical
and China's Sinopec, started to produce commercially.
2013
10. Opened the plant of Ulsan Aromatic Corporation, the joint venture with JX Nippon Oil & Energy
2012
10. Established China-Korea Petrochemical, the joint venture with China's largest nation-owned oil company, China Petroleum & Chemical Corp. (Sinopec) for the naphtha cracking center in Wuhan in central China
2011
10. Successfully exported its world's first ACO technology
01. Petroleum and chemical businesses was spun off. Changed its name to ‘SK Innovation’ Chemical business became an independent company as SK global chemical
2009

2009-2000 Changed its name to SK Energy following to the launch of
its holding company (SK Holdings Co. Ltd.) (`07) Changed its name to SK Energy following to the launch of its holding company (SK Holdings Co. Ltd.) (`07)

10. Launched as a wholly-owned subsidiary of SK Lubricants
2008
07. Opened Lube Base Oil Plant in Indonesia
02. Completed the M&A of SK Incheon Oil Refinery
2007
07. Split into a holding company (SK Holdings Co. Ltd.) and an operation company (SK Energy Co. Ltd.)
02. Began to build a plant for lube base oil in Indonesia
01. Formed a strategic partnership with Nippon Oil Corporation (currently, JX Nippon Oil & Energy) to commercialize the ACO technology in the global market
2006
09. Ready to break into the battery market for hybrid vehicles
08. Participated in exploring mine lots in Kazakhstan
06. Newly participated in exploring mine lots in Madagascar
01. Promoted the full-scale LNG plant project in Peru
2005
12. Entered into PSA of Incheon Oil Refinery
11. Opened eco-friendly Ultra-Low Sulfur Diesel Facility
08. Awarded the 6th Grand Prize in Auditing
07. Exported world's first APU Technology
06. Selected as a model for “2005 Good Corporate Governance"
2004
10. Established SK China Holding Co., Ltd
09. Started Lube Base Oil Plan No. 2
07. Set sail company-wide volunteers corps
05. Held the groundbreaking for Ulsan Grand Park Phase 2
04. Proclaimed New SK and modified SK Management System
2003
12. Carried forward the project for Gwangyang LNG Thermal Power Plant, nation's first privately-owned commercial power plant, with BP (formerly, British Petroleum)
11. Started to produce crude oil at Block 15-1, Su Tu Den, in Vietnam
2002
08. Retired Atmospheric Distillation Unit No. 1, which has paved the way for the nation's oil refining industry
04. Opened Ulsan Grand Park Phase 1
2001
12. Launched Telematics businesses and opened a trial service
(Sold its business to SKT in 2000, currently T-map service.)
05. Confirmed the commercial value of crude oil at Vietnam's Block 15-1
2000
07. Sold YKP10A, an antidepressant, technology to U.S. Johnson & Johnson
(Currently, its business spun off as SK Bio Farm when the holding company launched in 2007.)
01. Opened OK Cashbag.com, nation's largest hub website
(Sold it to SK Planet in 2000)
1999

1999 - 1990 Changed its name to SK Co., Ltd.(`97) 1999 - 1990 Changed its name to SK Co., Ltd.(`97)

07. Sold pharmaceutical technology for epilepsy
03. Started a discount service for regular customers, OK Cashbag
1997
10. Changed its name from Yukong to SK Co., Ltd.
06. Founded a local subsidiary for oil exploration, SK E&P Company
03. Started Synthetic Resin Plant No. 2 (320,000 tpy)
01. Started Bunker-C Cracking Center No. 1 (50,000 bpd)
1996
10. Started Atmospheric Distillation Unit No. 5 (240 110,000 bpd, totally 810,000 bpd)
07. Started to commercially produce crude oil at Peru's Block 8
1995
09. Started Kerosene and Diesel Hydrodesulfurization Unit No. 4 (50,000 bpd)
1994
11. Started to introduce crude oil from Egypt's North Zaafarana
06. Acquired 20.2% equity and management right of Korea Mobile Telecom
1992
11. Started Bunker-C Cracking Center No. 1 (30,000 bpd)
1991
05. Started Atmospheric Distillation Unit No. 4 (200,000 bpd)
1990
08. Started Synthetic Resin Plant No. 1 (250,000 tpy)
1989

1989 - 1980 SunKyung Co., Ltd. took over its ownership (`80)
Changed its name to Yokong(`82) 1989 - 1980 SK, SunKyung Co., Ltd. took over its ownership ('80) Changed its name to Yokong(`82)

12. Started Naphtha Cracking Center No. 2 (400,000 tpy)
1988
01. Started to introduce crude oil from Yemen's Malibu
1987
05. Started Grease Plant (3,000 tpy as of today)
1985
12. Started a new Aromatic Plant (400,000 tpy)
11. Renovated Atmospheric Distillation Unit and expanded oil refining capacity to 345,000 bpd
05. Merged with Korea Oil Holding Company
1982
07. Changed its name from Korea Oil Corporation to Yukong
1980
12. SunKyung Co., Ltd. took over its ownership due to the nation's privatization policy/dd>
08. Korea Oil Holding Company took over the 50% of equity share and management right from Gulf Oil Corporation
03. Expanded Lubricant Blending Plant to 4,500 bpd as of today
1978

1979 - 1962 Founded as Korea Oil Corporation., the nation's first oil refinery (`62) 1979-1969 Founded as Korea Oil Corporation., the nation's first oil refinery (’62)

03. Expanded Naphtha Cracking Center to 155 tpy as of ethylene
1976
07. Korea Development Bank sold its shares of Korea Oil Corporation to Korea Oil Holding Company. Some of the sold shares went public.
1974
06. Expanded Atmospheric Distillation Unit No. 1 to 110,000 bpd
1973
03. Started Naphtha Cracking Center (100,000 tpy as of ethylene)
1972
10. Started Atmospheric Distillation Unit No. 3 (105,000 bpd)
09. Completed a long-distance pipeline from Ulsan Refinery to Daegu
1970
05. Handed over its 50% of equity share and management right to Gulf Oil Corporation
05. Started Aromatic Plant (216,000 tpy)
1968
12. Started Lubricant Blending Plant (550 bpd)
04. Started Atmospheric Distillation Unit No. 2 (60,000 bpd)  
1967
05. Expanded Atmospheric Distillation Unit No. 1 to 55,000 bpd
1964
04. Started Atmospheric Distillation Unit No. 1 (35,000 bpd)
1962
10. Founded as Korea Oil Corporation, the nation's first oil refinery