Korea, Republic Of

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Tough Quarter for Korean, Pakistani Companies

Lube Report Asia - May 3, 2019

South Korean base oil refiners SK Lubricants, S-Oil and Hyundai Shell Base Oil Co. each reported a steep decline in oper ...

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Tough 2018 for Korean Base Oil Refiners

Lube Report Asia - February 15, 2019

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

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Korean Biocides Acts Impact on Lubes Unclear

Lube Report Asia - January 11, 2019

South Korea's new Act on Safety Control of Consumer Chemical Products and Biocides regulation took effect Jan. 1. Indust ...

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SK Nixed IPO Plan Again

Lube Report Asia - May 4, 2018

SK Lubricants said last week that it was tabling a planned initial public offering for the third time after once again f ...

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Korea Intensifies Inspection Process

Lube Report Asia - December 19, 2017

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

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Korea Eases Blending Laws

Lube Report Asia - December 12, 2017

South Korea recently eased restrictions on the modification of petroleum products within customs zones of its ports. Pro ...

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Korea Forecasts Flat Demand

Lube Report Asia - December 5, 2017

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

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SK Considers IPO Again

Lube Report Asia - November 28, 2017

SK Innovation is once again mulling a public stock offering for its lubricants subsidiary, SK Lubricants, the company sa ...

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SK Sets Bold Goals in China

Lube Report Asia - November 28, 2017

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

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Profits Up for Koreans, Gulf

Lube Report Asia - November 7, 2017

Three base oil and finished lubricant suppliers in South Korea - SK Lubricants, S-Oil and Hyundai Shell Base Oil - all s ...

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Korea Tags in on U.S. Base Oil Supply

Lube Report Asia - September 12, 2017

Nature abhors a vacuum, and so do South Koreas base oil producers. Seeing a gaping hole appear in the U.S. market in fir ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...