● Agreeing to ‘eco-friendly, high-tech materials partnership on the 12th··· in the presence of SKC CEO Wonchel Park and Secretary Le Tien Chau of Hai Phong City’s Party Committee

●​ Hai Phong City to extend a variety of infrastructure support at SKC’s investment decision··· “SKC winning a Southeast Asian ally in its global presence expansion”

SKC (CEO & President Woncheol Park) joins hands with Hai Phong City, one of Vietnam’s key industrial cities, to beef up its global presence in Southeast Asia.

SKC and Hai Phong City signed a partnership agreement on eco-friendly high-tech materials in SKC head office in Jongro-gu, Seoul on the 12th. The signing ceremony was attended by leaders of both parties to the agreement, including CEO Woncheol Park and Head of Business Development Division Jeonghwan Shin at SKC and Secretary Le Tien Chau of Hai Phong City’s Party Committee who also serves as the country’s lawmaker and Le Trung Kien, Head of Hai Phong Economic Zone Authority (HEZA).

Signing the agreement as a part of its endeavor to expand globally in cutting-edge industrial sectors encompassing EV battery, semiconductor, and eco-friendly materials, SKC will consider phasing in investments into eco-friendly and high-tech materials business in Hai Phong City. In response, Hai Phong City has agreed to extend full-blown support in terms of electrical power and environmental infrastructure at SKC’s investment decision and help SKC to win incentives available from Vietnam’s central government.

Among five municipalities of Vietnam along with the capital city of Hanoi and Ho Chi Minh City in the south, Hai Phong is Vietnam’s No.1 port city and one of the most important industrial hubs. The city has attracted over 10 billion dollars up to now in investments from multiple Korean companies. Hai Phong City aspires to turn itself into a more sustainable industrial city by accommodating more high-tech and eco-friendly material businesses. 

Breaking ground for a large-scale copper foil production plant with annual throughput of approximately 50,000 tons in Kota Kinabalu, Malaysia in 2021 through its EV battery copper foil-producing subsidiary SK nexilis, SKC ventured into Southeast Asia in full swing. The copper foil plant in Malaysia will be completed sometime in the 2nd half of this year and swung into full-fledged commercial production. Against the backdrop, the partnership agreement with Hai Phong City will enable SKC to secure an investment platform in Vietnam and bolster up investment in Southeast Asia, which is one of the pillars of SKC’s global expansion.

“Thanks to its attractive infrastructure, Vietnam is being highlighted as a _ base_ for global companies,” said an official at SKC. “Hai Phong is the most easily accessible area in Vietnam, offering significant advantages as an investment destination for global expansion going forward.”

[Key attendees including CEO Woncheol Park of SKC (the 3rd from the right) and Le Tien Chau, Secretary of Hai Phong City’s Party Committee and a member of the National Assembly of Vietnam (the 3rd from the left) are posing for a commemorative photo.]