Korea, Republic Of

Profits Down for Korean Blender Michang

Profits Down for Korean Blender Michang

Lube Report Asia - January 6, 2023

South Korean lubricants blender Michang Oil Ind. Co. Ltd. reported a 45% drop in net profit and a 4% increase in sales f ...

South Korea Base Oil Exports Fall

South Korea Base Oil Exports Fall

Lube Report Asia - December 16, 2022

South Korean base oil exports decreased 23% in October, compared to the same month last year, while the declared value o ...

South Korea Base Oil Exports Fall

South Korea Base Oil Exports Fall

Lube Report Asia - November 25, 2022

South Korea exported 23% less base oil volume in October, and the declared value of the exports was down 14%, compared t ...

South Korean SIT Joins Flock to Russia

South Korean SIT Joins Flock to Russia

Lube Report EMEA - November 15, 2022

South Korean lubricant marketer startup Seoul Innovative Technologies Corp. recently began to have lubricants produced i ...

Profits Up for SK, Down for GS Caltex

Profits Up for SK, Down for GS Caltex

Lube Report Asia - November 11, 2022

Among South Korean base oil refiners, SK Lubricants reported a slight increase in operating profit for the third quarter ...

S-Oil’s Profits Up, Hyundai Shell’s Down

S-Oil’s Profits Up, Hyundai Shell’s Down

Lube Report Asia - October 28, 2022

Profits rose 30% for the base oil and lubricants business of S-Oil and fell 16% for base oil refiner Hyundai Shell Base ...

Additive

BASF, Hannong Plan Surfactants JV

Lube Report Asia - October 7, 2022

BASF and Hannong Chemicals have tentatively agreed to form a joint venture that would manufacture non-ionic surfactants ...

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, ...