SK Innovation Discloses 2025 Corporate Governance Report - Minor Non-Compliance and No Dividend Decision

On May 22, 2026, SK Innovation disclosed its corporate governance report for the fiscal year 2025.
Non-compliance with 4 out of 15 core governance indicators: convocation notice less than 4 weeks (25 days), exclusion of cumulative voting (to be abolished in Sep 2026), lack of explicit policy to exclude persons responsible for value impairment, and lack of personnel authority for internal audit department.
FY2025 consolidated revenue: KRW 80.3 trillion, operating profit: KRW 448.7 billion, net loss: KRW 5.4 trillion (continued losses).
No dividend for FY2025 (FY2024: KRW 2,000 per share).
Full cancellation of 4,919,974 treasury shares in Feb 2024 as shareholder return for FY2023.
Issued KRW 376.7 billion exchangeable bonds in Jul 2025 (exchange price KRW 110,673, fully exchanged).
Issued KRW 600 billion convertible bonds in Oct 2025 (conversion price KRW 123,642, not yet converted).
Conducted KRW 2 trillion third-party allotment capital increase in Aug 2025.
Board chaired by independent director, operates 4 committees (Audit, Compensation, Strategy/ESG, Internal Transactions).
Audit committee consists of 3 independent directors; external auditor is Samjong KPMG (audit fee KRW 2.265 billion, 21,940 hours).