Korea (South)sktradinginternational.com
SK On Trading International is a leading South Korean energy trading company that specializes in crude oil, petroleum products, and related commodities. Originally spun off in 2013 from SK Energy's trading operations under SK Innovation, it has grown into a global player with a structured business model focused on risk management, physical and paper trading, blending, and optimization.
The company manages crude oil imports and exports of petroleum products for SK Group affiliates including SK Energy and SK Incheon Petrochem, and supplies naphtha to SK Geo Centric. It maintains international offices in Singapore, Houston, London, Dubai, and Beijing to facilitate global market access and trading activities.
Following its absorption into SK On in November 2024 and the subsequent integration of SK Enterm's terminal operations, SK On Trading International now operates as a company-in-company (CIC) within SK On. This structure enhances SK On's capabilities in sourcing battery raw materials such as lithium, nickel, and cobalt, while expanding into biofuels, low-carbon solutions, and energy transition projects including net-zero initiatives.
As part of the SK Group through its parent SK Innovation and SK On, the company supports the broader energy and chemicals value chain, contributing to supply chain stability and competitiveness in the electric vehicle battery sector. It employs between 200 and 500 people and is headquartered in Seoul's Jongno-gu district.
Also known as SK Trading International and SK Trading International Co., Ltd..
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Improved export margins and record lubricants profits drove quarter; battery unit loss narrowed despite lower sales, while ESS orders and LFP supply deals in North America strengthen outlook.
