S.Korea imports Canadian oil for 1st time under Trump's 2nd term
South Korea has imported crude oil from Canada for the first time amid escalating tariff tensions between the US and Canada since Donald Trump's ret...
South Korean oil refiners to jointly build SAF plant
South Korea’s four major oil refining companies will jointly build a sustainable aviation fuel (SAF) plant in the country, for which the gover...
SK Energy, Korea’s first refiner to export sustainable aviation fuel to Europe
SK Energy Co., South Korea’s largest oil refiner, said on Sunday it has shipped its first batch of sustainable aviation fuel (SAF) to Europe, ...
HD Hyundai Oilbank ventures into bioenergy sector as new growth driver
HD Hyundai Oilbank Co., a South Korean crude oil refiner backed by Saudi Aramco, is diversifying its business beyond fossil fuel-centered operations...
Korea mulls raising US oil imports to cope with Trump trade policies
South Korea, the world’s fourth-largest oil importer, is considering increasing US oil imports to ease potential pressure from President-elect...
DS Dansuk wins $750 mn SAF material order from Phillips 66
South Korea's DS Dansuk Co., which operates bioenergy, battery, and plastic recycling businesses, said on Monday it signed a 1 trillion won ($750 mi...
Hyundai Motor releases 2025 IONIQ 5 N
Hyundai Motor Co. said on Tuesday that it released the model year of its high-performance electric vehicle (EV) the 2025 IONIQ 5 N.The 2025 IONIQ 5 ...
Korea's SK Energy to start commercial operations of SAF production line
SK Energy Co., South Korea’s largest oil refiner, is set to start commercial operations of a production line for sustainable aviation fuel (SA...
S.Korea to launch sustainable biojet fuel initiative
South Korea will require airlines to replace a portion of their jet fuel with environmentally friendly alternatives such as cooking oil, palm oil an...
GS Caltex to capture and utilize carbon with own technology
South Korea's GS Caltex Corp. will launch a carbon capture and utilization (CCU) project in collaboration with South Jeolla Province and Yeosu City ...
S-Oil halts fire-hit paraxylene plant, faces revenue loss
ULSAN, South Korea -- It looks inevitable that S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will take a substantial revenue hit from...
S.Korea's refining industry sees record export of 245.3 mn barrels
South Korea's four major oil refiners—SK Energy, GS Caltex, S-Oil Corp., and HD Hyundai Oilbank—achieved a record high in petroleum pr...
SK Innovation gets MSCI ESG's leader rating
South Korean oil refiner SK Innovation Co. secured an AA rating in the environmental, social, and governance (ESG) assessment by Morgan Stanley Capi...
HD Hyundai Oilbank to export SAF to Japan
HD Hyundai Oilbank Co., South Korea’s refiner backed by Saudi Aramco, said on Sunday that it will export sustainable aviation fuel (SAF) to Ja...
SK Energy to cut emissions with combined heat power system
SK Energy Co., a unit of South Korean oil refiner and battery maker SK Innovation Co., has begun operation of its gas combined heat power (CHP) syst...
Liquidity crisis looms at S.Korea’s M Capital amid project financing debacle
South Korea's financing and finance leasing firm M Capital Co. is facing a growing risk of liquidity crunch as its attempts to refinance maturing de...
Golf equipment maker Taylormade to refinance $222 mn of debt
One of the South Korean owners of Taylormade Golf Co., a leading global golf equipment maker, is set to refinance its 300 billion won ($221.7 millio...
S.Korean refiners’ competition in EV lubricants sector intensifies
Refiners in South Korea are in a race to expand their presence in the electric vehicle lubricants market through overseas production facilities and ...
S-Oil’s 2023 operating profit more than halves on weak refining margins
S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., on Friday posted a 58.3% decline in its operating profit last year, weighed by lower re...
HD Hyundai Oilbank to advance into N.American lubricants market
HD Hyundai Oilbank Co., South Korean shipbuilding and machinery conglomerate HD Hyundai Co.'s oil refining unit, will venture into the North America...
S.Korean refiners’ race for EV lubricants heats up
South Korean major refiners are upping the ante to win the market for electric vehicle lubricants and liquid coolants for heat management amid the r...
Hyundai unveils redesigned SUV Tucson
Hyundai Motor Co. on Wednesday unveiled The new Tucson, the partially redesigned model of its flagship mid-sized sports utility vehicle (SUV). Tuc...
SK Innovation targets profit from EV battery unit in Q4
SK Innovation Co., South Korea’s top energy company, said its electric vehicle (EV) battery subsidiary aims to turn to the black in the fourth...
SK Innovation, ENEOS to co-work for low-carbon energy
SK Innovation Co. said on Wednesday it will bolster its alliance with Japan's largest petroleum refiner ENEOS. This decision builds on their histor...
Kia reveals exterior design of the new Carnival
Kia Corp., South Korea’s second-largest automaker, unveiled the new exterior design of its flagship large leisure vehicle Carnival on Friday. ...
Seesawing refining margins cloud Korean refiners’ earnings
The outlook on South Korean oil refiners' earnings in the fourth quarter has turned murky as oil refining margins are back on a downward trend ami...
HD Hyundai Oilbank changing into eco-friendly energy entity
South Korea's HD Hyundai Oilbank is transforming from a petroleum and oil refinery company into an eco-friendly energy entity through diversificatio...
Korea’s STX to build joint Indonesia nickel plant for EV cells
South Korea’s trading company STX Corp. is set to build a nickel plant with an Indonesian company in the Southeast Asian country to expand its...
LG Energy Solution expands cobalt supply deal with Canada’s Electra
LG Energy Solution Ltd. has signed a long-term contract to receive additional refined cobalt from Electra Battery Materials Corp. in Canada, in a mo...
S.Korea's oil refining margins exceed break-even points
Refining margins at South Korea’s four oil refiners, led by SK Innovation Co., have exceeded their break-even points after three months, a sig...
