ANZ Home Loan Applications Drop 12% After Australia Property Tax Changes 
Antofagasta Shares Drop 5% as Miner Cuts 2026 Copper Production Forecast 
Samsung, SK Hynix Shares Surge on Report of Potential Temasek Investment 
Pandora Shares Rise as Q2 Results Beat Forecasts, 2026 Outlook Raised 
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
Trump Imposes New US Tariffs on Drone Imports Over National Security Concerns 
Bank of America to Buy Up to 49.9% Stake in Jio Credit for $1.92 Billion 
LG, Nvidia Expand AI Partnership With Humanoid Robots, AI Factories 
Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears 
US Dollar Slips as Softer PPI Data Eases Fed Rate Hike Expectations 
Oil Prices Slide as OPEC, IEA Cut 2026 Demand Forecasts 
SMIC Shares Rally as Q2 Profit Surges 262% on Strong Chip Demand 
Aviva First-Half Operating Profit Jumps 24% as Direct Line Deal Boosts Growth 
Iran War Escalates as US, Houthis Target Ships Near Key Oil Routes 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
Ford to Move Some Lincoln Production From China to U.S. in 2030 
Add as a preferred source on Google
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
