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SK Ecoplant Sells SK Oceanplant to The Ocean Asset Management; Goseong County Threatens Special Zone Revocation
Industrial Services · Engineering & Construction · yonhap_finance · 2026-08-31
SK Ecoplant has finalized the sale of its 35.62% stake in SK Oceanplant for 410 billion KRW, triggering a backlash from Goseong County over local investment concerns.
What Happened
Stake Sale: SK Ecoplant has signed a definitive agreement to sell its entire 35.62% stake in SK Oceanplant to a consortium led by The Ocean Asset Management for 410 billion KRW. This transaction marks a change in control for the offshore wind and plant specialist, with the asset management firm becoming the new majority shareholder.
Local Opposition: Goseong County has strongly protested the sale, citing a lack of concrete plans for regional cooperation and development. Local authorities are particularly concerned that the new ownership may fail to honor previous commitments regarding a 1 trillion KRW investment and the creation of 3,600 jobs.
Special Zone Status: The county has warned that it may seek the revocation of the company's 'Opportunity Development Special Zone' status, which was granted to foster regional growth. Officials stated that if the promised investments and employment goals are not met, the designation as the first such zone in Gyeongnam will be reconsidered.
Future Outlook: While the acquiring consortium has pledged to expand facilities and implement local hiring programs, the standoff with the local government remains unresolved. The future of the project hinges on whether the new owners can reach a compromise with the county to maintain necessary administrative and infrastructure support.