Global Energy Expert Koo at the Helm of SK Energy

The election of Lee Hoon-kyu and Choi Hae-myung approved at the general meeting of shareholders

SK Energy, Korea's leading energy provider, has appointed Dr. Koo Ja-young, ex-president and COO of SK Energy as its new CEO following the annual general meeting of shareholders held on March 13.
The company's former CEO, Shin Heon-cheol, stepped aside by resigning from the board. He will, however, continue to contribute to enhancing the corporate culture based on SKMS (SK Management System), and will also lead SK Energy's overall CSR activities as the vice chairman of the company.
Meanwhile, the general meeting of shareholders also approved the election of two outsider directors - Lee Hoon-kyu, the former Chief Public Prosecutor of the Incheon, Daejeon and Changwon District Prosecutors' Office, and Choi Myung-hae, the former Commissioner of National Tax Tribunal at the Ministry of Finance & Economy as well as a 2,100 won per common share dividend payment and 2,150 won per preferred share, which are same as those of previous year.
Koo is a global energy expert with solid theoretical and practical background in energy industry. After receiving his Ph.D. in materials science and engineering from University of California at Berkeley, he has served numerous key posts in research, innovation and business strategies at ExxonMobil and POSCO. Koo had joined SK Energy early last year as President of Corporate Planning & Technology (P&T), and was promoted to President and COO of SK Energy in December 2008.
Lee Man-woo, head of Public Relations at SK Energy, said, "The appointment of the energy expert with diverse experiences in the global energy market as the company's new CEO will reinforce the SK Energy's global business drives to the next level." SK ENERGY's JOINT R&D WITH KIER
SK Energy has signed a memorandum of understanding with the Korea Institute of Energy Research (KIER) to conduct a joint research and development project on green energy.
Park Sang-hoon, president of SK Energy Corporate Planning & Technology, and Han Moon-hee, KIER president, concluded the agreement on March 25 in order to perform joint R&D on green energy to pursue low-carbon, green growth and build a mutual collaboration system.
The industry-research collaboration calls for joint research on such core technologies related to clean coal energy, bio-fuel and other new and renewable energy fields, as well as low-carbon petrochemical process fields.
SK Energy, which has designated five priority sectors related to green growth of the future, has been accelerating its development of future energy sources such as lithium ion battery technology, carbon dioxide polymer and clean coal. The company has taken the lead in research in the new energy sector as the company, becoming the third company to commercialize the lithium ion bather separator (LiBS) technology. KIER is the nation's representative government-funded research institution specializing in the research of such national research tasks as carbon dioxide reduction and treatment technology and high-performance hydrogen energy production, storage and utilization technology.
SK Energy P&T President Park said, "The joint research by both entities representing the technology and business section of the energy field will pick up speed in the research of new energy, and we will spearhead a drive to develop Korea into an energy powerhouse that can take the lead in the future energy industry through the development of such innovative technologies as clean coal energy and marine bio-energy." Meanwhile, SK Energy and KIER held a joint seminar on their collaborative research following the signing ceremony and made public their own technologies. The two sides drafted their research tasks and discussed ways of promoting their joint research and links with commercialization. nw

Newly appointed SK Energy President and CEO Koo Ja-young