IHS Chemical Week

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Korea (613)


SK Global Chemical reports operating loss due to weak margins
SK Global Chemical, the petrochemical business of SK Innovation (Seoul), reports an operating loss of 46.9 billion South Korean won ($38.5 million) for the fourth quarter of 2015 compared with an operating profit of won78.3 billion in the fourth quarter of...

S-Oil swings to profit citing improvement in refining business
S-Oil Corp. (Seoul), a leading refiner and aromatics producer majority owned by Saudi Aramco, on Thursday reported a swing to profit in the fourth quarter of last year citing an improvement in its refining business. Net profit reached 80.58 billion South...

LG Chem's profits soar on improved petchem margins
Citing improved petrochemical margins amid low oil prices, LG Chem (Seoul) on Tuesday reported fourth-quarter 2015 net profits increased 89%. Net profit reached 207.0 billion South Korean won ($171.9 million) in the fourth quarter on 6.2% lower sales of...

LG Chem cancels polysilicon project in South Korea, petchems in Kazakhstan
LG Chem (Seoul) said on Tuesday that it has abandoned plans to enter the polysilicon business and has canceled its project to build a plant. The company announced in 2011 that it planned to enter the business with a 491-billion South Korean won ($408.4...

Samsung SDI separates chemical assets before sale to Lotte
Samsung SDI shareholders on Monday agreed to spin off its chemicals business into a new affiliate tentatively called SDI Chemical. The unit will be sold to Lotte Chemical during the first half of this year under plans the companies announced last year...

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