HomenewsTrade Korea

  • Refiners set to turnaround in Q1 on rising oil prices, cracking margins

    • May 10, 2021
    • Posted by: ssr
    • Category: Chemical
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    0510
    Refiners set to turnaround in Q1 on rising oil prices, cracking margins S-Oil officials check by-product gas pipelines at its Ulsan plant. (S-Oil) South Korea's oil refining industry is expected to rebound in the first quarter thanks to surging global oil prices and a recovery in refining margins after hemorrhaging from the pandemic-driven slump last
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  • Hyosung Chemical: PP/DH Business Driving Earnings Growth

    • May 6, 2021
    • Posted by: ssr
    • Category: Chemical
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    Hyosung Chemical: PP/DH Business Driving Earnings Growth   The author is an analyst of NH Investment & Securities. He can be reached at  ys.hwang@nhqv.com. -- Ed.   Backed by increased demand for premium products in the US and Europe, Hyosung Chem’s petrochemical business looks set to enjoy significant earnings improvement moving ahead. In 2H21, the
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  • Hanwha Total expands production capacity of polypropylene and ethylene

    • May 6, 2021
    • Posted by: ssr
    • Category: Chemical
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    Hanwha Total expands production capacity of polypropylene and ethylene SEOUL, May 5 (Yonhap) -- Hanwha Total Petrochemical Co. said Wednesday that it has completed a 530 billion won project to boost production capacity of polypropylene and ethylene in South Korea.   The company invested 380 billion won (US$337 million) in building a new polypropylene line
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  • LG Chem posts the biggest quarterly sales and operating profits

    • May 3, 2021
    • Posted by: ssr
    • Category: Chemical
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    0503
    LG Chem posts the biggest quarterly sales and operating profits Revenue of 9.65 trillion won in first quarter, up 43.4% year-on-year LG Chem made an announcement on April 28 that it achieved its biggest quarterly management performance of 9.65 trillion won ($8.7 billion) in sales and 1.408 trillion won in operating profit in the first
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  • (2nd LD) S-Oil shifts to black in Q1 on higher petrochem margins

    • April 28, 2021
    • Posted by: ssr
    • Category: Chemical
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    0428
    (2nd LD) S-Oil shifts to black in Q1 on higher petrochem margins (ATTN: UPDATES with more details in paras 8-13) BY Kim Eun-jung   SEOUL, April 27 (Yonhap) -- S-Oil Corp., South Korea's No. 3 refiner, said Tuesday it turned to the black in the first quarter from a year earlier on rising prices of
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  • Kumho Mitsui Chemicals to invest 400 bln won to expand chemicals production

    • April 26, 2021
    • Posted by: ssr
    • Category: Chemical
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    0426
    Kumho Mitsui Chemicals to invest 400 bln won to expand chemicals production SEOUL, April 21 (Yonhap) -- Kumho Mitsui Chemicals Inc. said Wednesday it will invest about 400 billion won (US$358.1 million) to expand its chemical manufacturing factory in South Korea's southwestern region.   The joint venture between Korean synthetic rubber maker Kumho Petrochemical and
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  • Korea’s LG Chem to launch bio-based products in June

    • April 26, 2021
    • Posted by: ssr
    • Category: Chemical
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    Korea’s LG Chem to launch bio-based products in June South Korean petrochemical firm LG Chem will begin production of sustainable materials at its Yosu and Iksan cracker and polymerisation plants in June, after obtaining ISCC-Plus certification on nine products. The plants will produce polyvinyl chloride, synthetic resin acrylonitrile butadiene styrene (ABS), superabsorbent polymer, polycarbonate, glycols,
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  • (LEAD) Exports jump 45.4 pct in first 20 days of April

    • April 21, 2021
    • Posted by: ssr
    • Category: Chemical
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    421
    (LEAD) Exports jump 45.4 pct in first 20 days of April (ATTN: REWRITES lead; UPDATES with more info from para 3; ADDS photo) By Kim Soo-yeon   SEOUL, April 21 (Yonhap) -- South Korea's exports jumped 45.4 percent on-year in the first 20 days of April as shipments of chips, autos and oil products remained
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  • S. Korea’s Q1 growth estimated to have recovered to pre-pandemic level

    • April 19, 2021
    • Posted by: ssr
    • Category: Chemical
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    0419
    S. Korea's Q1 growth estimated to have recovered to pre-pandemic level This undated file photo shows stacks of import-export cargo containers at South Korea's largest seaport in Busan, 450 kilometers southeast of Seoul. (Yonhap)   South Korea's first-quarter economic growth is widely estimated to have recovered to pre-pandemic levels on a rapid rebound in exports
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  • S. Korean economy to grow 3.5 pct in 2021 on brisk exports: KERI

    • April 16, 2021
    • Posted by: ssr
    • Category: Chemical
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    0416
    S. Korean economy to grow 3.5 pct in 2021 on brisk exports: KERI SEOUL, April 15 (Yonhap) -- South Korea's economy is expected to grow in the mid-3 percent range this year on resilient exports, a leading private think tank said Thursday.   Asia's fourth-largest economy is likely to expand 3.5 percent on-year this year,
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