South Korean energy SK Innovation is expected to invest $ 3tn ( $ 2.49bn ) on " investment in mergers and acquisitions in chemicals and oil extraction sectors , as well as expansion of its battery plants " , said vice president Kim ##berg . The announcement comes ahead of what is expected to be a financially difficult year for the company .
South Korean firm SK Innovation is set to invest KRW 3tn ($2.49bn) on "investment in mergers and acquisitions in chemicals and oil exploration sectors, as well as expansion of its battery plants", said company president Kim Joon. The announcement comes ahead of what is expected to be a financially difficult year for the firm.