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SEOUL (Reuters) - SK Innovation (096770.KS), which owns South Korea's top refiner SK Energy, said on Wednesday that it plans to invest about 10 trillion won (6.95 billion pounds) by 2020, mainly on battery and chemical businesses.
The investment is part of the company's efforts to shift its business portfolio to non-refining businesses, the company said in a filing to the stock exchange.
The company added that it will also strengthen its competitiveness by expanding global partnership for its refining, lubricant and oil exploration businesses.
Reporting By Jane Chung and Hyungjoo Jin; Editing by Richard Pullin