SK Energy Shares May Rise in Seoul After Split of SK Corp.'s Businesses

(Bloomberg) -- Shares in SK Energy Co., South Korea's
largest refiner, may rise on their first day of trading after SK
Corp. split to unwind cross-shareholdings.

SK Corp. this month created holding and operating companies,
SK Holdings Co. and SK Energy, which will list on the Korea
Exchange today. SK, South Korea's third-largest industrial group,
is the second so-called chaebol to form a holding company
following LG Corp. in July 2004.


Read more at Bloomberg Energy News