Korea, Republic Of

Additive

South Korean Demand Rebounds

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

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

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

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

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

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 ...

Korea Base Oils Remain on Rise

Korea Base Oils Remain on Rise

December 24, 2021

South Korea’s base oil export volume for November was well above the same month last year. Monthly exports again toppe ...

Korea Base Oils Continue Upward Trend

Korea Base Oils Continue Upward Trend

November 19, 2021

South Korea again exported a larger volume of base oils and more than doubled its declared export value in October, comp ...

Korean, Thai Firms Post Strong Results

Korean, Thai Firms Post Strong Results

November 12, 2021

South Korea’s Hyundai Shell Base Oil, the GS Caltex lube division and Thai Oil’s lube base oil business all reported ...

Profits Up for SK, S-Oil, Hi-Tech

Profits Up for SK, S-Oil, Hi-Tech

October 29, 2021

S-Oil reported much higher operating income for its base oil business, SK Lubricants posted a large jump in operating pr ...

Korea Base Oils Stay Strong

Korea Base Oils Stay Strong

October 22, 2021

South Korea exported a larger volume of base oils and more than doubled its declared export value in September, compared ...

Additive

DL Chemical to Acquire Kraton

September 29, 2021

South Korean-based DL Chemical Co. Ltd. will acquire Houston-based Kraton Corp. for $2.5 billion in cash under a definit ...

Value of Korean Base Oils Stays High

Value of Korean Base Oils Stays High

September 24, 2021

South Korea exported a smaller volume of base oils but with a higher declared export value in August, compared to the sa ...

Additive

July Strong for South Korean Base Oils

August 27, 2021

South Korea exported a greater volume of base oils in July, compared to the same month last year, while the declared exp ...

Profits Up for GS Caltex, Thai Oil

Profits Up for GS Caltex, Thai Oil

August 27, 2021

GS Caltex’s lube division, Thai Oil Group’s base oil business and KH Neochem’s performance materials segment all r ...

Profits up for SK, Castrol India, Apar

Profits up for SK, Castrol India, Apar

August 6, 2021

Profits for South Korean base oil refiner SK Lubricants skyrocketed more than 500% for the quarter ended June 30, and pr ...

Profits Up for S-Oil, Hyundai Shell

Profits Up for S-Oil, Hyundai Shell

July 30, 2021

South Korean refiner S-Oil’s base oil business and Hyundai Shell Base Oil both reported large increases in profits and ...

Mixed June for South Korean Base Oils

Mixed June for South Korean Base Oils

July 30, 2021

Although South Korea exported a smaller volume of base oils in June, compared to the same month last year, the declared ...