S-Oil the only Korean refiner to report black in Q4 on petrochemicals S-Oil Corp. wholly owned by Saudi Aramco was the only refiner in Korea to turn out a profit in the final quarter last year thanks to its business portfolio with greater focus on high-end petrochemical business. The petroleum and refinery company said in

LG Chem raises W820b in ESG bonds LG Chem Vice Chairman and CEO Shin Hak-cheol (LG Chem) LG Chem has raised 820 billion won ($744.1 million) through sales of environment, social and governance bonds to make aggressive investments into new growth engines -- carbon neutrality, battery materials, new drugs and sustainable growth, the company said

(LEAD) S. Korea's exports jump 69 pct in first 10 days of Feb. (ATTN: UPDATES with more details from para 3; ADDS photo) By Kim Soo-yeon   SEOUL, Feb. 15 (Yonhap) -- South Korea's exports jumped 69.1 percent on-year in the first 10 days of February on strong shipments of chips and autos amid the

S-Oil expected to continue recovery this year S-Oil's residue upgrading facility (S-Oil) S-Oil, South Korea’s No. 3 refiner, is expected to see an improvement in profits this year, continuing a recovery momentum from the final quarter of 2020, according to the industry sources Sunday. S-Oil said the company expects a recovery based on the increasing

World’s First Hydrogen Law Comes into Effect in Korea ⓒ Getty Images Bank The “hydrogen law” came into effect in South Korea on February 5, one year after the legislation of the law, the first of its kind in the world, and two years after the government’s announcement of its hydrogen economy roadmap. Now that

LG Chem brand value grows amid pandemic (Brand Finance) LG Chem is the only firm among the world’s top seven chemical companies that saw its brand value grow amid the pandemic. According to the Brand Finance Chemicals 25 2021 report, the South Korean chemical giant’s brand value stands at $3.62 billion this year, a 2.9

Petrochemical Firms Join Carbon Neutral Drive Posted on February 9, 2021 by Korea Bizwire in Business, Energy & Green  SK Advanced Co.s Ulsan Plant. (image: SK Gas) SEOUL, Feb. 9 (Korea Bizwire) — South Korean petrochemical companies said Tuesday they will join the country’s green energy drive, which centers on achieving carbon neutrality by 2050. The country launched a new committee on achieving

S. Korea's exports set to expand up to 12% over Q1: Exim Bank South Korea's exports (Yonhap) The state-run Export-Import Bank of Korea (Exim Bank) said Sunday the country's exports are expected to expand up to 12 percent on-year over the first quarter on strong demand for chips and cars. Outbound shipments over the January-March

(LEAD) Lotte Chemical Q4 net more than doubles on robust demand (ATTN: UPDATES throughout with more details; ADDS photo) SEOUL, Feb. 5 (Yonhap) -- Lotte Chemical Corp., a major South Korean petrochemical company, said Friday its fourth-quarter net profit more doubled from a year earlier on strong demand for its petrochemical products. The petrochemical unit

Oil Refining Companies Shifting Focus to Eco-friendly Businesses Daesan Plant of Hyundai Oilbank   South Korean oil refining companies are expanding their business portfolios to cover more eco-friendly products with China, the European Union and the United States aiming to achieve carbon neutrality. Last year, the companies went through one of the worst years in