SK Innovation Serves the Community and Strengthens Ties in Houston

SK Innovation's management philosophy of "growing together with the local community" contributed directly to the company's decision to make a donation to the Korean Studies Program. Thanks to SK Innovation's contribution, Rice University will be able to solidify its Korean programs and raise understandings of the Korean language and culture on campus by sponsoring scholarships, diversifying Korean-related courses, and hosting campus-wide cultural activities.

On October 16 2017, Dongsoo Choi, president of SK Innovation's Exploration and Production (E&P) Business, and Taewon Kim, head of E&P North America Business Division, made the presentation to Y. Ping Sun, University Representative, and Lora Wildenthal, Interim Dean of Humanities.

"We are delighted to act upon SK Group's management philosophy of 'sharing happiness'. We hope that our donation enables cultivation of social values while helping the local scholarship program and enhancing awareness of Korea in the community," Mr. Choi said.

Rafael Salaberry, Director of CLIC at Rice University says that, "The Center for Languages and Intercultural Communication at Rice University is delighted to receive this generous gift from SK Innovation. With this gift, we will continue to support students with limited financial means to participate in our Rice in Korea program. The generous support of SK Group will help many students at Rice have access to an educational opportunity that is quickly becoming a needed component of a well-rounded university education. We are honored by the trust that SK Innovation has placed on us to help them continue to advance their vision of community engagement through our academic programs in Korean."

Located on a 300-acre forested campus in Houston, Rice University is consistently ranked among the nation's top 20 universities by U.S. News & World Report. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy. With 3,879 undergraduates and 2,861 graduate students, Rice's undergraduate student-to-faculty ratio is 6-to-1. Its residential college system builds close-knit communities and lifelong friendships, just one reason why Rice is ranked No. 1 for quality of life and for lots of race/class interaction and No. 2 for happiest students by the Princeton Review. Rice is also rated as a best value among private universities by Kiplinger's Personal Finance.

SK Innovation is the leading energy and petrochemical company engaged in various fields of business from petroleum production, refining, chemicals, lubricants, batteries to future energy. It is an affiliate of SK Group, which is the second largest business group in South Korea.

SK Innovation strives to share greater happiness in society by engaging in a range of philanthropic activities and makes social contributions in various fields including social enterprises, education, regional co-growth and the environment. It aims to make all members of society happy with the aim of becoming a company that improves the value of life through social contributions. In the past, SK Innovation, among others, made the following social contributions and donations.

• On May 25, SK Innovation employees volunteered at the Houston Food Bank in service for Houston's families in need.
• On June 6, SK Innovation donated a total of $50,000 to the Tulsa Regional STEM Alliance (TRSA) program in Oklahoma. TRSA is a regional social contribution program supporting teachers and students in science, technology, engineering and mathematics (STEM). It is sponsored by the Oklahoma Energy Resources Board (OERB) which is a private organization founded by oil and gas companies.

More information on SK Innovation is available at http://eng.skinnovation.com/main.asp.

About SK Innovation

Established as South Korea's first oil refining company in 1962, SK Innovation engages in diverse areas of business, including exploration and production (E&P), batteries, and information and electronics materials. It owns SK energy, South Korea's number one refining company, SK global chemical, the leader in the domestic petrochemical industry, SK lubricants, a global lubricants company, SK Incheon petrochem, a refining and chemical company, and SK trading international, a trader of crude oils and petrochemicals. As part of their management system, SK Innovation pursues the maximization of happiness for all interested parties. It is for this reason that SK Innovation recognizes the importance of and pays attention to social enterprise, a way to create social values through business.

SOURCE SK Innovation

Related Links

http://eng.skinnovation.com/main.asp