SK on Co. Ltd. revealed on Tuesday, Aug. 1, that it added the chief commercial officer position in its organization. With this move, the company said it already selected the former CEO of Hanon Systems to be its COO.
SK on appointed Sung Min Suk to head the newly-created job, and his team is expected to help the company with sales, marketing, and project management. The leading battery manufacturer in South Korea decided to add the new executive post to scale up its efforts in boosting its growth strategies while also improving the company’s responses to customers.
Sung will head an existing team composed of employees who were re-assigned to work under his leadership. As per Yonhap News Agency, SK on’s new COO has been in the automotive industry for almost three decades.
He started his career in the automotive field by working as a product development engineer for Ford Motor in the United States. He was employed there from the mid to late 1990s, and he later joined Hanon Systems. From 2017, he served the automotive parts manufacturing company as vice president for products and components.
Sung was promoted to chief operating officer in 2018 and became the co-CEO at Hanon Sytems in 2021. SK on said that Sung Min Suk’s extensive experience at major auto companies made him the most suitable candidate for the CCO role in the company.
The Korea Herald reported that in line with his new job, Sung will mainly manage client relations as SK on works its way to expand further in the international scene. To prepare for his arrival as COO, the management reorganized its marketing, purchasing and project management units.
SK on is currently the fifth-largest battery producer in the world, and it is expanding aggressively to increase its global presence. It has eight plants in the U.S., China, and Hungary, and for its expansion, six more facilities are set to be built, with some sites under construction already.
Photo by: SK on Website


Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 



