Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Russia Stocks End Flat as Energy Shares Support MOEX Index 
U.S. Stock Futures Rise Ahead of Holiday-Shortened Week as AI Optimism Lifts Tech 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike 
Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
Oil Prices Climb in Asian Trade as Venezuela Sanctions and Middle East Tensions Fuel Risk Premium 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025 
China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious 
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
SK Enmove targets a top-tier global position in energy-efficient lubricants by 2040, countering EV-driven oil demand decline fears with its new product, ZIC e-FLO, and underscoring the importance of specialized EV lubricants.
Contrary to the belief that demand for lubricant oil will decline with the rise of electric vehicles (EVs), SK Enmove CEO, Park Sang-kyu, emphasized the need for a dedicated lubricant that enhances energy efficiency in EVs. Electric vehicles require specialized lubricants that effectively cool motors and reduce friction resistance in gears.
CEO Park expressed confidence in SK Enmove's competitive edge in raw materials and technologies during the ZIC Brand Day event. He stated, "SK Enmove is paving the way in the EV lubricant oil market, positioning itself as a leader in the industry."
SK Enmove has been manufacturing lubricants for electric vehicles since 2013, with the global e-fluid market projected to reach 12 trillion won ($9 billion) by 2040. Expanding its focus beyond electric vehicles, the lubricant unit of SK Innovation is showing keen interest in liquid immersion cooling (LIC) technology.
Liquid immersion cooling technology utilizes a dielectric liquid that is thermally conductive, effectively reducing heat in hardware through submersion. Data centers, energy storage systems, and EV batteries can achieve a 30% increase in cooling efficiency compared to traditional air-cooling methods.
With the LIC market expected to grow to 42 trillion won by 2040, SK Enmove is poised to succeed in thermal management. CEO Park highlighted the importance of enhancing energy efficiency through thermal management as the demand for data usage continues to surge exponentially.
SK Enmove recognizes the significance of the internal combustion engine oil market, particularly in Southeast Asia and the Middle East, where vehicles using such engines are highly popular among consumers. The company aims to maintain a presence in this market segment while striving to be acknowledged globally as an energy-saving company.
Since its spinoff in 2009, SK Enmove has consistently generated profits, contributing to longer and safer energy use in everyday life. SK Enmove changed its name from SK Lubricants last year to establish itself as an energy-saving powerhouse.
Photo: SK Innovation News Channel
