SK Innovation Co., Ltd. (KOSE:A096770) is seeking acquisitions. SK Innovation Co said on January 1, 2017, it will spend up to KRW 3 trillion ($2.49 billion) in chemicals, oil exploration and battery businesses to boost its global growth. Kim Joon, President of SK Innovation, said in a statement that the investments would target new growth options and innovate its business, even though 2017 is expected to be a tough business environment. Under the plan, SK Innovation aims to continue its investment on mergers and acquisitions in chemicals and oil exploration sectors as well as expansion of its battery plants.