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SK Ecoplant Sells SK Oceanplant Stake to The Ocean Asset Management for 410 Billion Won
Industrial Services · Engineering & Construction · yonhap_finance · 2026-08-31
SK Ecoplant has finalized the sale of its 35.62% stake in SK Oceanplant to The Ocean Asset Management for 410 billion won, despite local opposition.
What Happened
Deal Finalization: SK Ecoplant has officially signed a stock purchase agreement to sell its entire 35.62% stake in SK Oceanplant to a consortium led by The Ocean Asset Management. The transaction is valued at approximately 410 billion won, marking a change in ownership for the offshore wind and plant specialist.
Local Opposition: The sale has faced significant resistance from the Gyeongsangnam-do provincial government and Goseong-gun county officials. As the largest employer in the region and a key operator in the local development zone, concerns remain high regarding the potential economic impact of the ownership change.
Strategic Outlook: The Ocean Asset Management plans to expand the company's Goseong site to bolster its capabilities in the offshore wind and shipbuilding sectors. The firm has also committed to various regional cooperation programs, including priority hiring for local talent and vocational training initiatives.
Background Context: SK Ecoplant acquired the company, formerly known as Samkang M&T, in 2022 and rebranded it as SK Oceanplant. Despite the local government's vocal opposition, the parent company proceeded with the divestiture process, which began with the selection of a preferred bidder last September.