Written by 12:56 PM Economics

Yong-wook Lee, CEO of SK On, emphasizes, “We need to create a virtuous cycle of cost, product, and orders.”

Summary of SK On’s 2025 CEO Recognition

SK On held its “2025 CEO Recognition” event on December 18 at its Gwanhun Campus in Jongno-gu, Seoul, celebrating its outstanding performers and organizations over the past year. CEO Lee Yong-wook emphasized the importance of a structure where cost, product, and order competitiveness reinforce each other to survive in a competitive market. The event, established in 2023, aims to boost employee pride and share excellent performances and creative experiences. It was attended by over 100 participants including executives, with a simultaneous online broadcast for global members.

The awards were split into two categories: “OnBuilders” and “OnPro Reasoner”. OnBuilders recognized 10 teams or projects for their successful challenges, while OnPro Reasoner awarded 60 individuals who excelled in collaboration. The top OnBuilders accolades went to:

– Maximizing productivity at the SKBA plant in Georgia, USA.
– Enhancing operational rates at the Komárom 2 plant in Hungary.
– Transitioning to intelligent manufacturing using AI technology.
– Securing a large-scale energy storage system (ESS) contract in the USA.

The Georgia plant project, chosen as the best contribution through member voting, rapidly improved production efficiency to meet increased demand by achieving an operation rate of over 95%. This success was attributed to a task force tackling yield issues and close collaboration between Korean and American teams.

In Europe, Hungarian plant improvements elevated its operating rate to about 90%, supporting the region’s growing electric vehicle market and major client sales. Efforts in AI-driven intelligent manufacturing environments have led to significant quality improvements with new systems for automatic correction and defect inspection.

Additionally, SK On’s contract with Flatiron Energy Development for 1 GWh of ESS was also recognized, marking a diversification of their business portfolio from electric vehicles to energy storage.

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