SK Gas said on the 30th it secured 1.2242 trillion won by completing the sale of a minority equity in Ulsan GPS.
Through this transaction, SK Gas transferred 49% equity in Ulsan GPS to Stick Hantu Infra Co., Ltd., securing 1.2242 trillion won. Even after the deal closes, it will retain 51% equity in Ulsan GPS and remain the largest shareholder.
SK Gas plans to invest the funds in future growth businesses and use them to stabilize its financial structure. It plans to share concrete business strategies in the second half of this year, including strengthening LPG and LNG trading capabilities and expanding its business portfolio.
A company official said, "We will continue efforts to enhance shareholder value," and added, "We are reviewing improvements to our medium-term shareholder return policy for 2027–2029 and will announce them once finalized."
Meanwhile, Ulsan GPS is the world's first 1.2-gigawatt (GW) dual-fuel LNG and LPG combined-cycle power plant, which SK Gas commercialized in Dec. 2024 after investing about 1.4 trillion won.