Korea, Republic Of

Additive

S-Oil, SK Profits Underwhelm

Lube Report Asia - August 1, 2017

South Koreas S-Oil and SK Lubricants each increased lubricants sales in its second quarter, but neither achieved signifi ...

Additive

Korean Police Bust Fake Jet Oil Suspects

Lube Report Asia - June 27, 2017

South Korean police arrested a chemical products distribution trio that allegedly sold the military fake specialty lubri ...

Additive

Korean Refiners Profits Sink despite Revenue

Lube Report Asia - May 2, 2017

S-Oil and SK Lubricants saw operating income decrease despite increased sales revenue in this years first quarter compar ...

Additive

South Korean Exports Increase

Lube Report Asia - February 28, 2017

South Koreas exports of base oils and lubricants continued increasing in 2016, with China the biggest importer of its ca ...

Additive

SK, S-Oil Record Strong Full-year Profits

Lube Report Asia - February 7, 2017

Koreas SK Lubricants and S-Oil both recorded higher operating profits in their base oils and lubricants businesses in 20 ...

Additive

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 ...

Additive

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 ...

Additive

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 ...

Additive

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 ...

Additive

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 ...

Additive

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 ...

Additive

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. ...

Additive

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, ...

Additive

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 ...

Additive

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 ...

Additive

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 ...

Additive

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 ...