SK Innovation sets merger vote: SK IE Tech stock gets KRW 20,500 target

Published on 10/14/2026 at 05:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Merger ratio is 1:0.1174540 for the November 24, 2026 vote. SK IE Tech stock traded at KRW 18,740 on October 14, 2026, below KRW 20,500.

Merger timetable and valuation

SK Innovation plans a November 24, 2026 vote on the SK IE Tech merger at a 1:0.1174540 ratio.
Second-quarter 2026 revenue was KRW 39.5 billion, while the operating loss reached KRW 63.4 billion.
SK IE Tech stock traded at KRW 18,740 on KOSPI on October 14, 2026.
A September 19, 2026 valuation update cut the target from KRW 23,000 to KRW 20,500.

SK IE Tech, KR7361610009, Illustration mit AI erstellt.

SK Innovation has set a November 24, 2026 shareholder vote for its absorption merger with SK IE Technology (ISIN KR7361610009), while SK IE Tech stock traded at KRW 18,740 on the Korea Exchange KOSPI on October 14, 2026 at 11:43 a.m. KST. The merger ratio is fixed at 1:0.1174540, and a September 19, 2026 valuation update placed fair value at KRW 20,500, down from KRW 23,000, according to Simply Wall St.

Three dates show the deterioration

On May 14, 2026, SK IE Technology held its first-quarter earnings call, with revenue of KRW 35.9 billion and an operating loss of KRW 73.2 billion. The date came from the company earnings calendar, while the figures were reported by SK IE Technology and summarized by ATS View.

On July 30, 2026, the company reported second-quarter revenue of KRW 39.5 billion, down 52.2 percent year over year, and an operating loss of KRW 63.4 billion. That result was the latest reported quarter in the company calendar and the ATS View quarterly table.

On September 15, 2026, shareholder discussions centered on the merger ratio, with SK IE Technology valued at KRW 14,783 per share against KRW 125,862 for SK Innovation. EKN reported that the company cited the statutory market-price method and a separate discounted-cash-flow review.

What does the merger change?

SK Innovation would survive the transaction, while SK IE Technology would be dissolved after completion. The exchange ratio means each SK IE Technology share would receive 0.117454 SK Innovation shares, leaving the merger value below the company 2021 IPO price of KRW 105,000 cited in the September 15 report.

Key dates for shareholders

The temporary shareholder meeting is scheduled for November 24, 2026, and the planned merger date is January 1, 2027. The September 15 report also states that SK IE Technology trading is scheduled to stop on December 29, 2026, with new SK Innovation shares expected to list on January 18, 2027.

Stock price and valuation

SK IE Tech was trading at KRW 18,740 on KOSPI on October 14, 2026 at 11:43 a.m. KST. The quote was 58.28 percent above the 52-week low of KRW 11,840 and 46.61 percent below the 52-week high of KRW 35,100. Market capitalization stood at KRW 1.5 trillion on the same date.