HomenewsExport

  • LG Chem rushing to reach global top 5

    • March 23, 2017
    • Posted by: ssr
    • Category: Chemical
    No Comments
    Petrochemical plant at night, oil and gas industrial
    LG Chem rushing to reach global top 5 LG Chem is rushing to join the global top five chemical giants by expanding its investment volume to 2.76 trillion won ($2.44 billion) this year in equipment and facilities, the company said Sunday. This would be a whopping 40 percent growth from a year ago. The invested
    read more

  • Lotte Chemical to beat Q1 market estimates

    • March 14, 2017
    • Posted by: ssr
    • Category: Chemical
    No Comments
    Oil refinery factory at twilight with sky background.
    Lotte Chemical to beat Q1 market estimates [THE INVESTOR] Lotte Chemical’s operating profit in the first quarter will beat market expectations, said Cape Investment and Securities on March 8. Its operating profit in the first quarter will surge 86 percent on-year to 880 billion won (US$76.48 million), said analyst Lee Ji-yeon. The improved spread of
    read more

  • Chemical companies to pay record taxes

    • March 5, 2017
    • Posted by: ssr
    • Category: Chemical
    No Comments
    smoke-258786_1280
    Refiners, chemical companies to pay record taxes on stellar performance SEOUL, Feb. 22 (Yonhap) -- South Korea's oil refiners and chemical companies are expected to pay a record amount in corporate taxes for their 2016 business performance, as their bottom lines improved sharply, industry sources said Wednesday. Last year, SK Innovation Co. and the country's
    read more

  • LG Chem eyeing global top 5 chemical firm

    • March 1, 2017
    • Posted by: ssr
    • Category: Chemical, Uncategorized
    No Comments
    1396921731_43020
    LG Chem eyeing global top 5 chemical firm LG Chem is seeking to establish itself as one of the top five chemical firms of the world, enhancing its capabilities and bracing for the future business environment. To do so, the nation's leading chemical company plans to invest 2.76 trillion won ($2.43 billion) to boost its
    read more

  • Samsung Bioepis’ biosimilar hits $100 mil. sales in Europe

    • February 27, 2017
    • Posted by: ssr
    • Category: Uncategorized
    No Comments
    drugs-1728381_640
    Samsung Bioepis' biosimilar hits $100 mil. sales in Europe By Yoon Sung-won Samsung Bioepis is accelerating business in Europe on solid sales of its first biosimilar medicine "Benepali," according to the pharmaceutical industry Tuesday. In its recent regulatory filing, U.S. pharmaceutical enterprise Biogen said it posted $100.6 million in sales of Benepali in the European
    read more

  • POSCO E&C consortium deal

    • February 8, 2017
    • Posted by: ssr
    • Category: Uncategorized
    No Comments
    Two oil-workers, engineers, with refinery industry in background
    POSCO E&C consortium clinches W211.6 bil. deal on Jeju A consortium led by POSCO Engineering & Construction (E&C) has inked a 211.6 billion won ($182.9 million) deal to build gas storage tanks and their additional facilities at the Jeju Naval Base in Jeju Island. According to POSCO E&C, Wednesday, Korea Gas Corp. selected the POSCO
    read more

  • Lotte gears up for more M&A deals

    • January 23, 2017
    • Posted by: ssr
    • Category: Chemical
    No Comments
    lotte chemical
    Lotte gears up for more M&A deals [THE INVESTOR] Lotte Group, South Korea’s fifth-largest conglomerate, is rekindling merger and acquisition activities to get its business back on track after being hit by a slush fund scandal and power struggle involving the chairman last year. In its latest move, Lotte Chemical launched a takeover bid for Singapore petrochemical
    read more

  • Korean drugmakers seek opportunities at JPMorgan Healthcare Conference

    • January 9, 2017
    • Posted by: ssr
    • Category: Uncategorized
    No Comments
    drugs-1728381_640
    Korean drugmakers seek opportunities at JPMorgan Healthcare Conference In search of new partnerships, foreign investment and promotional opportunities, South Korea’s top biopharmaceutical companies will partake in the 35th J.P. Morgan Healthcare Conference, which kicks off Monday in San Francisco. The annual four-day event is the world’s largest and oldest health care symposium. It brings together
    read more

  • Non-tariff barriers double against Korea

    • December 29, 2016
    • Posted by: ssr
    • Category: Uncategorized
    No Comments
    industry-251826_640
    Non-tariff barriers double against Korea By Lee Hyo-sik Korean exporters are facing increasing non-tariff barriers around the world, making it harder for the export-oriented economy to sell its goods abroad. According to the Korea Chamber of Commerce and Industry (KCCI), Korea's trade partners including the United States and India have taken a total of 134
    read more

  • Lotte Chemical to post earnings surprise in Q4

    • December 13, 2016
    • Posted by: ssr
    • Category: Uncategorized
    No Comments
    oil-106913_640
    Lotte Chemical to post earnings surprise in Q4 [THE INVESTOR] Lotte Chemical will beat market expectations in the fourth quarter with operating profit of 612.9 billion won (US$526.77 million), said Dongbu Securities on Dec. 13. The securities firm maintained its 470,000 won target price saying that the chemical company will post strong earnings despite the low
    read more