R&D expenses SK On 2021-2024

Published by
Jang Seob Yoon,
Apr 24, 2025

In 2024, SK On spent around 277.02 billion South Korean won on research and development (R&D) activities. Major products of SK On were medium to large batteries for electric vehicles and Energy Storage Systems (ESS), as well as a Battery-as-a-Service (BaaS) business model.

Research and development (R&D) expenses of SK On from 2021 to 2024 (in billion South Korean won)

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Release date

March 2025

Region

Worldwide, South Korea

Survey time period

2021 to 2024

Supplementary notes

*SK Innovation's battery sector was split into a subsidiary company called SK On since October 2021.

Figures have been rounded.

1,000 South Korean won equals 0.68 U.S. dollars or 0.63 euros as of April 2025.

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