SK Innovation, founded in 1962 as Korea's first oil refinery and with sales of US$59.3 billion in 2011, is one of the world's leading energy and petrochemical companies. SK Innovation, which focuses on research and development, deals primarily with lithium-ion batteries for electric vehicles, materials for information electronics materials (I/E) for IT devices and the field of exploration and production (E&P), while its subsidiaries SK Energy ( South Korea's largest refinery company), SK Global Chemical (global top-tier chemical company) and SK Lubricants (global market leader for technically sophisticated and high-grade lubricants) successfully pursue their own business visions and strategies. SKI's lithium-ion battery business unit was created in 1996 and currently supplies leading international carmakers including Daimler and Hyundai.
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