- KRW 863.5 billion in revenue and KRW 70.8 billion in operating income resulting from the increased trade volume and reduced cost in 2020
- New appointment of executive director Hwang Il-moon and outside director Song Won-ja
- ‘ESG Committee’ established for sustainable ESG management
- “SK rent-a-car will bring more values to shareholders through innovative products and services as ‘EV-centered Mobility Service Provider’”
SK rent-a-car (CEO: Hwang Il-moon) announced on 24th that it decided on agendas without amendment, including the approval of financial statements, partial revision to articles of association and the appointment of directors, at the 33rd regular general meeting of shareholders convened at COEX in Samseong-dong, Seoul.
Last year, SK rent-a-car was newly established as a united corporation following a merger with AJ rent-a-car. And it has focused on cost reduction by increasing the trade volume and lowering procurement interest rates to secure competitiveness in terms of vehicle purchase. Scaling back auto insurance was also one of its focuses. As a result, the company delivered KRW 863.5 billion in consolidated sales revenue (up 135% from the previous year) and KRW 70.8 billion in operating income (up 170% from the previous year).
As for the amendment to articles of association, SK rent-a-car has established the ‘ESG Committee’ under the board of directors (BOD) as part of efforts to turn sustainable ESG management into action. The committee will take on the role of deliberating on ESG-related policies ranging from the environment to corporate social responsibility to governance. Furthermore, it has resolved that the company would start ‘EV charging business’ and ‘location-based service business’ as its purpose businesses. In addition, it aims to upgrade ‘EV All in One’, launched in October last year and a long-term EV rental deal with charging fees included in rental rates, as well as to push ahead with the comprehensive vehicle management platform, ‘Smartlink’ business. And the amendments to the articles have been made to make these possible.
Director Hwang Il-moon (SK rent-a-car CEO) has been newly appointed as an executive director. He is regarded as an expert for strategy and planning within SK Group. This appointment is a clear demonstration of the iron will that the company will give shape to its strategy and make tangible progress. What is more, SK rent-a-car has proactively named a female outside director, Song Won-ja, in compliance with the ESG management driven by the Group. She will also assume the role of the member of the Audit Committee.
In the face of the rapidly changing mobility environment, SK rent-a-car has embarked on its journey towards ‘EV-centered Mobility Service Provider’ in order to respond to the market in a pre-emptive manner. Through the switch of its identity, the company plans to go hand in hand with diverse stakeholders encompassing customers and the society with the main directions; ▲ innovating business models, ▲laying the foundation for ESG management, and ▲ scaling up EV rental business.
An SK rent-a-car official said, “we will grow as a ‘EV-centered Mobility Service Provider’ through innovative products and services, and at the same time, will deliver higher shareholder values.”
[Photo 1] Former CEO Hyun Mong-ju giving welcome remarks
[Photo 2] Former CEO Hyun Mong-ju banging the gavel
[Photo 3] SK rent-a-car’s 33rd regular general meeting of shareholders
[Photo 4] Newly appointed CEO Hwang Il-moon
[Photo 5] SK rent-a-car CI