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).
KOSPI Filing Information
Filing: [Correction of Description] Capital Reduction Decision (Major Management Matters of Subsidiary)