Korea, Republic Of

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Korea Eradicates Idle Blenders

Lube Report Asia - January 24, 2017

The South Korean government has moved to eliminate more than half of all registered domestic lubricants manufacturers in ...

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GS Caltex to Produce Lubes in China

Lube Report Asia - January 24, 2017

South Korean refiner GS Caltex will invest around U.S. $30 million to build a 210,000 metric tons per year lubricants bl ...

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Songwon Starts Making Lube Antioxidants

Lube Report Asia - December 13, 2016

Songwon Industrial Co., a chemical company specializing in antioxidants, has begun supplying that category of materials ...

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Koreas Lube Market Set for a Stagnant 17

Lube Report Asia - November 29, 2016

South Koreas lubricant consumption increased marginally in 2016 but is not likely to show any growth in 2017, the Korea ...

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SK, S-Oil Profits Up, Castrol’s and Hi-Tech’s Down

Lube Report Asia - November 1, 2016

Korean refiners SK Lubricants and S-Oil posted moderate increases in profit in their third quarters despite reduced sale ...

Asias Chemical Regulation Policies in Flux

Asias Chemical Regulation Policies in Flux

Lube Report Asia - November 1, 2016

Several countries in Asia are changing their approach to evaluating and restricting chemical substances, according to a ...

SK Pivots to Finished Lubes

SK Pivots to Finished Lubes

Lube Report Asia - October 25, 2016

Citing volatility in the base oils market, SK Lubricants, which produces more API Group III than any other company, plan ...

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Copton, SK, S-Oil Post Quarterly Gains

Lube Report Asia - July 26, 2016

Chinese blender Qingdao Copton Technology Co. posted a 10 percent gain in its first quarter compared to a year earlier. ...

Study: Korean Genuine Oils Worse, Costlier

Study: Korean Genuine Oils Worse, Costlier

Lube Report Asia - March 29, 2016

A study found that genuine passenger car engine oils in Korea tested more poorly than products branded by oil marketers, ...

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Profits Up at Tide Water, Flat at SK

Lube Report Asia - February 9, 2016

Tide Water Oil and Apar Industries Ltd.s specialty oils and lubricants business both posted big earnings increases for t ...

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S-Oil, Chevron Lanka Post Earnings Jumps

Lube Report Asia - February 2, 2016

S-Oils base oil business posted a 23 percent gain in operating profit in 2015 despite reduced sales revenue, while Chevr ...

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South Korean Market Shrank in 2015

Lube Report Asia - January 26, 2016

Lubricant consumption in South Korea decreased in 2015 and is unlikely to show significant increase in 2016, the Korea L ...

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Hazmat Grace Period Ends in South Korea

Lube Report Asia - October 27, 2015

South Koreas grace period for companies that failed to perform a mandated assessment of chemicals they supply will expir ...

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SK Profit Up, Sales Down

Lube Report Asia - October 27, 2015

SK Lubricants' third quarter sales dropped 5 percent year over year, but its operating profit rose 13 percent as weaker ...

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SK Shelves IPO Again

Lube Report Asia - July 28, 2015

SK Innovation on Thursday retracted its application to conduct an initial public stock offering for its base oil and lub ...

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Profits Rise for S-Oil, Fall for SK

Lube Report Asia - July 28, 2015

S-Oils base oil business posted higher second quarter operating income thanks to healthy Group III prices, but SK Lubric ...

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SK Decides Not to Sell Lubes Stake

Lube Report Asia - June 16, 2015

SK Innovation announced last week that it was considering selling a stake in SK Lubricants, but then the parent company ...

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South Korea Base Oil Exports Rise

Lube Report Asia - May 26, 2015

South Korean base oil exports jumped 29 percent over the past three years, while at the same time prices for those oils ...