Korea, Republic Of

South Korea Export Volume Dips

South Korea Export Volume Dips

Lube Report Asia - September 16, 2022

The volume of base oil exported by South Korea fell 3% in August, compared to the same month last year, while the declar ...

South Korea Export Amounts Drop

South Korea Export Amounts Drop

Lube Report Asia - August 26, 2022

South Korea exported 7% less base oil in July than in the same month last year, but the declared value of those oils was ...

Mixed Q2 for Korean Base Oil Refiners

Mixed Q2 for Korean Base Oil Refiners

Lube Report Asia - August 5, 2022

Profits increased more than 10% for SK Lubricants in the second quarter, while profits tumbled almost 70% for fellow Sou ...

South Korean Base Oil Exports Fall

South Korean Base Oil Exports Fall

Lube Report Asia - July 22, 2022

South Korea exported 22% less base oil volume in June, compared to the same month last year, but the declared value of t ...

Additive

SK Signs on to Rerefining Effort

Lube Report Asia - July 15, 2022

SK Lubricants and South Korea’s Ministry of Trade, Industry and Energy signed a memorandum of understanding last week ...

South Korea Base Oil Exports Rise

South Korea Base Oil Exports Rise

Lube Report Asia - June 17, 2022

South Korea’s base oil export volumes rebounded in May, almost 20% higher than in the same month last year, ending a t ...

South Korea Base Oil Exports Drop

South Korea Base Oil Exports Drop

Lube Report Asia - May 27, 2022

South Korea’s base oil export volumes dropped almost 20% in April, continuing a trend of year-on-year flat or lower mo ...

Additive

Base Oils Not Affected by S-Oil Explosion

Lube Report Asia - May 20, 2022

One person died and nine were injured Thursday night in an explosion at S-Oil’s refinery in Onsan, South Korea. The in ...

Mixed Results for Korean Base Oil Refiners

Mixed Results for Korean Base Oil Refiners

Lube Report Asia - May 6, 2022

S-Oil reported a slight increase in profits for its base oil and lubricants business for the quarter ending March 31, wh ...

Additive

Earnings Keep Rising for SK

Lube Report Asia - April 29, 2022

SK Lubricants posted a 54% year-to-year increase in operating profit for the quarter ended March 31, according to result ...

Additive

South Korea Base Oil Exports Slip

Lube Report Asia - April 15, 2022

South Korea’s base oil export volume for March was down 2% year to year, after being flat for two consecutive months, ...

South Korean Demand Rebounds

South Korean Demand Rebounds

Lube Report Asia - April 1, 2022

South Korea’s consumption of finished lubricants rose 5% in last year to 986,000 kiloliters, recovering from the impac ...

South Korea Base Oil Exports Stay Flat

South Korea Base Oil Exports Stay Flat

Lube Report Asia - March 25, 2022

South Korea’s base oil export volumes remained flat in February for the second consecutive month, compared to the same ...

Korea Base Oil Exports Flat in January

Korea Base Oil Exports Flat in January

Lube Report Asia - February 25, 2022

South Korea’s base oil exports were virtually flat in January, compared to the same month last year, according to data ...

Profits Surge at Hyundai Shell, GS Caltex

Profits Surge at Hyundai Shell, GS Caltex

Lube Report Asia - February 18, 2022

South Korea’s Hyundai Shell Base Oil and the GS Caltex base oil and lubricant business both reported much higher opera ...

Profits Up at SK, S-Oil, Lanka IOC

Profits Up at SK, S-Oil, Lanka IOC

Lube Report Asia - February 4, 2022

South Korean base oil refiners SK Lubricants and S-Oil reported strong increases in profit for the quarter ending Dec. 3 ...

Korea Base Oils Finish Strong Year

Korea Base Oils Finish Strong Year

Lube Report Asia - January 21, 2022

South Korea exported more than 400,000 metric tons of base oil at a value of more than $425 million in December, marking ...