Exports tipped to expand 18.1% in 2021: think tank (Yonhap) South Korea's exports are expected to expand 18.1 percent on-year in 2021 to set a fresh record high on the back of global economic recovery from the COVID-19 pandemic, a think tank said Thursday. Outbound shipments for the year are estimated at $605.3 billion, rising

Hyundai Oilbank, Air Products to team up for hydrogen biz By Kim Eun-jung   SEOUL, April 6 (Yonhap) -- Hyundai Oilbank Co., a major South Korean refiner, said Tuesday it will work with Air Products & Chemicals Ltd., the world's leading hydrogen supplier, to develop hydrogen technology and business models.   Hyundai Oilbank and Air

Foreign IBs hike S. Korea's 2021 growth outlook to 3.8 pct SEOUL, April 6 (Yonhap) -- Major global investment banks (IBs) have again upgraded their outlook for South Korea's 2021 economic growth amid growing hopes of a recovery, a report showed Tuesday.   As of end-March, nine major global IBs, including Barclays, BoA-Merrill Lynch and

SK Group-Sinopec joint venture to start petrochemical production this year Ethylene facilities built in Wuhan, China, owned by Sinopec-SK Wuhan Petrochemical. [SK INNOVATION] A joint venture between SK Group and Sinopec plans to start producing petrochemicals at its new facilities in Wuhan, China, in the second half of the year. Sinopec-SK Wuhan Petrochemical is a

(3rd LD) Exports up for 5 months in March, recovery likely to be further extended By Kang Yoon-seung   SEOUL, April 1 (Yonhap) -- South Korea's exports advanced 16.6 percent in March from a year earlier on the back of solid demand for chips and autos to extend their gains for the fifth consecutive month,

SK E&S to invest W1.6tr in gas field off Australia A gas field off Australia's northern coast is seen in this photo provided by SK E&S Co., a natural gas provider under SK Group, on Tuesday. (SK E&S Co.) SK E&S Co., the natural gas provider under SK Group, said it will invest 1.6 trillion

GS Caltex among oil majors behind launch of a new oil exchange The launch ceremony of International Exchange Futures Abu Dhabi at Abu Dhabi Global Market, Monday (GS Caltex) South Korean energy company GS Caltex was among the companies behind the launch of a new oil exchange in Abu Dhabi, United Arab Emirates, to help

S. Korea's exports predicted to rise 18.3 pct in March: poll By Kang Yoon-seung   SEOUL, March 29 (Yonhap) -- South Korea's exports are expected to rise 18.3 percent in March from a year earlier to extend the gains for the fifth consecutive month, led by strong demand for chips and automobiles, a poll showed

Hyundai Heavy to foster hydrogen biz as new growth engine By Nam Kwang-sik   SEOUL, March 25 (Yonhap) -- Hyundai Heavy Industries Group said Thursday that it will nurture hydrogen-related business as its new growth engine amid tightened environmental regulations and rising demand for eco-friendly fuels.   Under the plan, the shipbuilding group will establish