Kumho Petrochem aspires to expand ‘beyond conventional boundaries’ (Kumho Petrochemical) After posting better-than-expected business output last year despite the COVID-19 pandemic, Kumho Petrochemical is now bracing for another leap forward, seeking to gain an upper hand in the post-coronavirus industry, officials said Monday. The company’s core direction is to grow beyond the conventional petrochemical sector,

[Herald Interview] LG Chem CTO says ESG is survival of the fittest The Korea Herald is publishing a series of interviews with executives of South Korea’s leading corporations on their response to environmental, social and corporate governance (ESG) issues, which have become central factors globally in measuring the sustainability of an investment or business decision.

S-Oil: Cyclicals to See Earnings Improve The author is an analyst of KB Securities. He can be reached at yc.baek@kbfg.com. -- Ed. Target price raised to KRW110,000 We reiterate BUY on S-Oil and raise our TP by 17.7% to KRW110,000 to reflect upward earnings estimate revisions. We revise up 2021E/2022E NP attributable to controlling interests

OECD revises up its 2021 growth outlook for S. Korean economy to 3.3 pct SEOUL, March 9 (Yonhap) -- The Organization for Economic Cooperation and Development (OECD) on Tuesday revised up its 2021 growth outlook for the South Korean economy as the country's exports remain robust amid the pandemic.   The OECD expected Asia's fourth-largest

Rising oil prices, margins raise hopes of recovery in refiners' earnings SEOUL, March 9 (Yonhap) -- A recent jump in international oil prices and recovering refining margins are raising expectations for a rebound in South Korean oil refiners' earnings down the road, industry sources said Tuesday.   Industry leader SK Innovation Co. and three other

S-Oil acquires 20% stake in hydrogen fuel cell developer S-Oil President Ryu Yul (left) and FCI CEO Lee Tae-won pose for a photo after signing an investment agreement at S-Oil headquarters in Mapo-gu, western Seoul, Friday. (S-Oil) S-Oil said Sunday it has purchased a 20 percent stake in advanced hydrogen fuel cell developer Fuel Cell

(LEAD) S. Korea, UAE to expand ties in hydrogen industry, reduce carbon footprint (ATTN: REPLACES photo) By Kang Yoon-seung   SEOUL, March 4 (Yonhap) -- South Korea said Thursday it has agreed with the United Arab Emirates (UAE) to make joint efforts to venture into sustainable resources, such as hydrogen, in line with their goal

Hyundai Heavy joins hands with Saudi Aramco in hydrogen project This photo provided by Korea Shipbuilding & Offshore Engineering Co. shows a shipyard of its shipbuilding affiliate Hyundai Heavy Industries (Yonhap) Hyundai Heavy Industries Holdings said Wednesday that it has signed a deal with Saudi Arabia's state-run oil firm Saudi Aramco to cooperate on a

Kumho Petrochemical seeks future competitiveness Kumho Petrochemical plant in Yeosu, South Jeolla Province / Courtesy of Kumho Petrochemical   Kumho Petrochemical will reorganize its business structure to secure the company's future competitiveness.The petrochemical giant said Tuesday that it plans to fully focus on seeking stable growth at a time when the global economy is undergoing

(LEAD) Major biz to invest 43 tln won in hydrogen economy by 2030 (ATTN: UPDATES with meeting between Hyundai Motor chief and SK Group counterpart in paras 8-10) By Kang Yoon-seung   SEOUL, March 2 (Yonhap) -- South Korea's five major conglomerates announced Tuesday they plan to invest 43 trillion won (US$38.2 billion) in the