Korea

South Korean Exports Fell in Q1
Photo: kim chul hyun/Shutterstock

South Korean Exports Fell in Q1

Lube Report Asia - June 3, 2020

South Korean base oil exports fell 13 percent to 1.4 million tons in the first quarter this year, down from 1.6 million ...

Profits Up for GS Caltex, Down for KH Neochem

Profits Up for GS Caltex, Down for KH Neochem

Lube Report Asia - May 15, 2020

GS Caltex reported increased operating profit for its base oil and lubricant business, and KH Neochem Co. poster lower o ...

Mixed Q1 for South Korean Companies

Mixed Q1 for South Korean Companies

Lube Report Asia - May 4, 2020

Among South Korea’s large base oil refiners, S-Oil and Hyundai Shell Base Oil both posted large increases in operating ...

South Korean Lube Demand Hits 10-year Low

South Korean Lube Demand Hits 10-year Low

Lube Report Asia - February 21, 2020

South Korea lubricant consumption fell to a 10-year low of 990,455 kiloliters (889,627 metric tons) in 2019, the Korea L ...

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Tough 2019 for Korean, Most Indian Companies

Lube Report Asia - February 7, 2020

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

Nicca Adds Fluorine Plant in South Korea

Nicca Adds Fluorine Plant in South Korea

Lube Report Asia - November 8, 2019

Nicca Chemical plans to re-enter the lubricant market with the completion of its new fluorine plant in South Korea, incr ...

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Q3 Earnings Mixed in South Korea, Sri Lanka

Lube Report Asia - November 1, 2019

S-Oil reported increased operating income for its base oil business, while SK Lubricants and Hyundai Shell Base Oil Co. ...

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Taking Advantage of Crude Price Volatility

Lube Report Asia - August 2, 2019

A consultant told an industry conference in Mumbai, India, Wednesday that lubricant companies can benefit from crude oil ...

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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 ...

Korea Intensifies Inspection Process

Korea Intensifies Inspection Process

Lube Report Asia - December 19, 2017

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

Korea Eases Blending Laws

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 ...