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SK IE Technology stock gains 6.18 percent on merger terms

Published on 09/25/2026 at 07:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SK IE Technology stock stood at KRW 17,170 on September 23, 2026, after a 6.18 percent daily gain. Q2 revenue fell 52.2 percent to KRW 39.5 billion.

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SK IE Technology stock (ISIN KR7361610009) gained 6.18 percent to KRW 17,170 on September 23, 2026, while the planned absorption by SK Innovation moved toward a formal shareholder vote. The transaction exchanges each SK IE Technology share for 0.1174540 SK Innovation shares and is scheduled to take effect on January 1, 2027.

Merger sets a fixed exchange ratio

According to Chosun on August 25, 2026, SK Innovation approved the merger with SK IE Technology. The surviving parent plans to issue new shares to SK IE Technology holders, and the new SK Innovation shares are scheduled for listing on January 18, 2027.

The approval timetable places the SK IE Technology shareholder meeting on November 24, 2026. For investors, the exchange ratio matters more than the headline price move because it defines the consideration delivered in the planned combination.

Revenue falls 52.2 percent

SK IE Technology reported Q2 2026 revenue of KRW 39.5 billion, down 52.2 percent from a year earlier, while its operating loss reached KRW 63.4 billion, according to Atsview. The company also posted a net loss of KRW 1.33 trillion for the quarter, showing why SK Innovation is restructuring the separator business inside the parent group.

The contrast is stark: the stock advanced 6.18 percent in the September 23 session even as quarterly revenue declined 52.2 percent year over year. That divergence ties the market narrative to the merger terms and future ownership structure rather than to a recovery in current operating results.

Stock remains below yearly high

SK IE Technology was trading at KRW 17,170 on the Korea Exchange on September 23, 2026. The price stood 51.08 percent below the 52-week high of KRW 35,100 and 45.10 percent above the 52-week low of KRW 11,840.