Korea, Republic Of

S-Oils base oil business posted higher second quarter operating income thanks to healthy Group III prices, but SK Lubricants had a lower operating pro ...

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

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

SK Files For IPO

May 19, 2015

SK Lubricants filed documents last week seeking eligibility to conduct an initial public stock offering.

Bangladeshs MJL Ltd. reported a 10 percent increase in revenue and a 19 percent increase in profit for its lubricants operations in 2014. SK Lubricant ...

S-Oil saw first quarter base oil revenue drop compared to the same period a year ago because of a slide in prices, but its operating income surged sig ...

Games Oil Marketers Play

April 14, 2015

Lube marketer Motul signed an agreement last month to promote its brand through an online racing video game now under development in South Korea.

South Korea and China recently announced that their forthcoming free-trade pact will take 15 years to eliminate Chinese tariffs on South Korean base o ...

SK and Gulf Both Report Gains

February 10, 2015

South Koreas SK Lubricants revenue rose marginally in 2014, but its operating profit shot up dramatically from 2013. Indias Gulf Oil Lubricants also m ...

S-Oil Ups Profit in 2014

February 3, 2015

S-Oils base oil business posted operating income of 258 billion won (U.S. $234 million) for 2014, a 66 percent surge from 2013.

Hanjin Sells S-Oil Stake

January 27, 2015

Hanjin Energy last week wrapped up the sale of its 28.4 percent stake in S-Oil Corp. to Saudi Aramco for 1.98 trillion won (U.S. $1.83 billion).

Lubricant demand in South Korea is forecast to increase 1.2 percent in 2015, the Korea Lubricating Oil Industries Association said in its annual repor ...

A looming free-trade agreement could boost South Korean base oil exports to China, according to industry analysts. South Korea is already one of China ...

K-REACH Targets 518 Chemicals

November 11, 2014

A draft list of substances that will require registration under South Koreas looming new chemical safety regulation includes a number of chemicals use ...

The third quarter brought improved performance for Castrol India and SK Lubricants. Castrols net profit for the three months ended Sept. 30 rose 11 pe ...

Koreans Push Engine Oils

September 30, 2014

South Koreas refiners are working to strengthen their lubricant retail networks using a variety of strategies, from a new chain of oil change centers ...

North Korean leader Kim Jonguns recent highly publicized visit to a blending plant brought rare attention to the nations lubricant industry.

South Korea is moving toward implementation of a major chemicals law modeled after the European Unions REACH regulation.

The base oil and lubricant businesses of S-Oil and SK both reported significant improvements in their second quarter financial performance, compared t ...

Aramco Ups S-Oil Stake

July 8, 2014

Saudi Aramco said last week that it agreed to purchase Hanjin Groups 28 percent stake in S-Oil Corp.