SK IE Tech stock faces a merger vote as losses deepen

Published on 10/07/2026 at 04:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SK IE Tech stock traded at KRW 18,310 on October 7, 2026, while the merger vote is set for November 24. Q2 revenue fell 52.2 percent year over year.

SK IE Tech, KR7361610009, Illustration mit AI erstellt.

SK IE Tech stock was trading at KRW 18,310 on the KOSPI on October 7, 2026, at 11:30 a.m. KST, up 0.77 percent from the prior close. The battery-separator maker is heading toward a November 24 shareholder vote on SK Innovation's planned absorption merger, according to Simply Wall St.

Merger vote sets the next checkpoint

SK Innovation agreed to acquire the remaining 46.65 percent of SK IE Technology through a stock-based transaction valued at KRW 580 billion, with a fixed merger ratio of 1 to 0.1174540, as reported by Simply Wall St on September 30, 2026.

The transaction would give SK Innovation full ownership of the separator business after completion. The same report places the special shareholder meeting on November 24, 2026 and targets completion for January 1, 2027, subject to approvals.

Q2 revenue fell 52.2 percent

SK IE Technology reported Q2 2026 revenue of KRW 39.5 billion, down 52.2 percent from KRW 82.7 billion a year earlier, while its operating loss widened to KRW 63.4 billion from KRW 53.7 billion, according to ATS View. Net income was negative KRW 1.33 trillion in the quarter, reflecting a substantial non-operating hit alongside the weak operating result.

The figures explain why the merger is more than a legal timetable for investors. Revenue recovered from KRW 35.9 billion in Q1 2026, but the operating loss remained above the Q1 loss of KRW 73.2 billion only in absolute revenue-adjusted terms, leaving profitability as the central test for the combined structure.

Targets remain above the stock price

A September 30 fair-value update cut the estimate from KRW 36,000 to KRW 32,142.52, a 10.7 percent reduction, according to Simply Wall St.

Eulerpool listed a Hold consensus from 23 analysts as of September 22, 2026, with 10 Buy ratings, 9 Holds and 4 Sells. Its average target of KRW 36,574.29 lies 99.8 percent above the October 7 price, while the median target was KRW 30,600, according to Eulerpool.

Stock remains below its yearly high

SK IE Technology's market capitalization was KRW 1.5 trillion on October 7, 2026, and trading volume stood at 209,126 shares. The 52-week range was KRW 11,840 to KRW 35,100, leaving the stock 47.8 percent below its yearly high.

The October 7 quote puts the merger terms, weak quarterly earnings and elevated analyst targets in the same frame. For investors, the November vote and the path to restoring operating profitability are the key dates and figures to track.