Korea, Republic Of

S-Oil Earnings Jumped

July 24, 2020

South Korean refiner S-Oil reported that its base oil business posted a strong increase in operating income and a drop in sales revenue for the quarte ...

South Korean base oil exports fell 13 percent to 1.4 million tons in the first quarter this year, down from 1.6 million tons in 2019’s first quarter ...

GS Caltex reported increased operating profit for its base oil and lubricant business, and KH Neochem Co. poster lower operating profit for its perfor ...

Among South Korea’s large base oil refiners, S-Oil and Hyundai Shell Base Oil both posted large increases in operating profit for the first quarter, ...

South Korea lubricant consumption fell to a 10-year low of 990,455 kiloliters (889,627 metric tons) in 2019, the Korea Lubricating Oil Industries Asso ...

South Koreas major base oil refiners - SK Lubricants, S-Oil, GS Caltex, and Hyundai Shell Base Oil - each reported steep declines in operating profit ...

Nicca Chemical plans to re-enter the lubricant market with the completion of its new fluorine plant in South Korea, increasing its production capacity ...

S-Oil reported increased operating income for its base oil business, while SK Lubricants and Hyundai Shell Base Oil Co. each posted lower profit for t ...

A consultant told an industry conference in Mumbai, India, Wednesday that lubricant companies can benefit from crude oil price volatility if they carr ...

South Korean base oil refiners SK Lubricants, S-Oil and Hyundai Shell Base Oil Co. each reported a steep decline in operating profit for the quarter e ...

South Koreas four major base oil refiners - SK Lubricants, S-Oil, GS Caltex and Hyundai Shell Base Oil - each reported a deep cut in operating profit ...

South Korea's new Act on Safety Control of Consumer Chemical Products and Biocides regulation took effect Jan. 1. Industry sources disagree about whet ...

SK Lubricants said last week that it was tabling a planned initial public offering for the third time after once again failing to achieve a desired va ...

South Korean government agencies will intensify their lubricants inspection program beginning next year.

Korea Eases Blending Laws

December 12, 2017

South Korea recently eased restrictions on the modification of petroleum products within customs zones of its ports. Producers can now blend lubricant ...

Korea Forecasts Flat Demand

December 5, 2017

South Koreas demand for lubricants is expected to remain around the level reported this year, which exceeded prior expectations, according to the Kore ...

SK Considers IPO Again

November 28, 2017

SK Innovation is once again mulling a public stock offering for its lubricants subsidiary, SK Lubricants, the company said in a regulatory filing last ...

SK Sets Bold Goals in China

November 28, 2017

SK Lubricants is aiming to strengthen its presence in China through a business alliance with global tire giant Michelin and a network of branded auto ...

Profits Up for Koreans, Gulf

November 7, 2017

Three base oil and finished lubricant suppliers in South Korea - SK Lubricants, S-Oil and Hyundai Shell Base Oil - all saw their third quarter profits ...

Nature abhors a vacuum, and so do South Koreas base oil producers. Seeing a gaping hole appear in the U.S. market in first-half 2017, they moved fast ...