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Photo = SK on |
[Alpha Biz= Paul Lee] SK Innovation's subsidiary, SK On, has been fined approximately 15.2 billion KRW by the Korea Customs Service for violating the Foreign Exchange Transactions Act. This fine is notably high, as it is one of the rare instances where a fine exceeding 10 billion KRW has been imposed for such violations.
The Korea Customs Service confirmed that the fine was imposed on January 8, after conducting an audit on SK On's foreign exchange transactions from the past five years (from January 2019 to July 2024). The violation was linked to activities related to oil trading by SK Trading International, a company recently merged with SK On.
SK On, in response to the fine, has decided to dispute the decision through legal action.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
