S. Korea's 2020 growth ranks 3rd among major nations SEOUL, Feb. 23 (Yonhap) -- South Korea's economic growth rate ranked third among major economies across the globe in 2020 despite an on-year contraction due to the coronavirus pandemic, data showed Tuesday.   Asia's fourth-largest economy contracted 1 percent last year from a year earlier, but

Korea Shipbuilding wins 540 bln won in orders from Asia, Europe, Africa By Nam Kwang-sik   SEOUL, Feb. 22 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. said Monday that it has bagged orders worth a combined 540 billion won (US$489 million) from Asia, Europe and Africa.   The orders include nine ships -- three

S. Korea’s Feb. 1-10 exports up 70% on strong chip, auto demand South Korean exports are picking up faster than expected, with shipments in the first 10 days of February surging nearly 70 percent on year on robust demand for chips and automobiles, data showed. According to data released by the Korea Customs Service, the

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