Petrochemicals

Real estate Colliers to lead $689 million sale of IGIS Asset-owned Signature Tower

Colliers Korea, a unit of global real estate asset management group Colliers, has been chosen as the adviser for the sale of Signature Tower in cent...

Real estate Kumho Petrochemical's Seoul headquarters put on market

IGIS Asset Management Co., has put Kumho Petrochemical Group’s headquarters building, Signature Tower in central Seoul, up for sale – a ...

Corporate bonds One-third of Korean petrochem bonds incur valuation losses

South Korean institutional investors, including banks, insurers and securities companies, have yet to fully benefit from recent declines in bond yie...

Corporate bonds S.Korea’s corporate bond market cools amid poor earnings

Investors’ appetite for corporate debts sold by South Korea’s petrochemical, retail and battery companies has waned this month amid grim...

Korean stock market MSCI Korea Index removes four petrochem firms, seven other stocks

MSCI, a global index compiler, said on Wednesday it has removed 11 stocks, including Lotte Chemical Corp., from its Korea index without any addition...

Corporate bonds Korean petrochemical sector to sell corporate bonds amid downturn

South Korea’s petrochemical producers are set to issue corporate bonds to take advantage of ample liquidity at the beginning of the year amid ...

Petrochemicals Korea to ease rules for petrochem industry M&As, plant closures

South Korea will ease regulations and offer incentives to facilitate the restructuring of domestic petrochemical makers battling a global suppl...

Corporate restructuring S.Korea to restructure ailing petrochemical industry

South Korea plans to restructure the struggling domestic petrochemical industry amid intensifying competition with Chinese rivals and oversupply by ...

Construction & Planning Samsung E&A wins $214 mn petrochem plant contract in Qatar

Samsung E&A Co. said on Friday that it won a contract for the RLP ethylene storage plant construction project in Qatar, valued at 300 billion wo...

Construction SGC E&C secures $189 mn petrochem facility project in Saudi Arabia

SGC Engineering & Construction (E&C), a specialist in design, procurement and construction (EPC), said on Thursday that it has signed a cont...

Earnings LG Chem displays bright outlook after loss in first quarter

LG Chem Ltd., the parent of the world's second-largest battery maker LG Energy Solution Ltd., expects its business will improve in upcoming quarters...

Shareholder activism ISS backs Kumho Petrochem in family feud-triggered proxy war

Proxy advisory firm International Shareholder Services (ISS) has expressed its support for all of Kumho Petrochemical Co.'s proposals up for vote ...

Leadership & Management Family feud at Kumho Petrochem set to reignite

Park Chul-whan, the nephew of Kumho Petrochemical Co.'s former Chairman Park Chan-koo, has launched a proxy fight jointly with an activist fund, fue...

Construction Korea gives the nod for foreign workers at plant construction sites  

South Korea is expected to allow foreigners to work at plant construction sites nearly two decades after non-native Koreans were banned from those p...

Petrochemicals Kumho Petrochem's Hugreen secures highest HB mark grade

South Korea's Kumho Petrochemical Co. announced on Thursday that its phenolic foam board (PF board) insulation material under the construction mater...

Petrochemicals DL E&C, KBR to co-work for SAF project

South Korea’s DL E&C Co. announced on Wednesday that it signed a feasibility study contract with Kellogg Brown & Root (KBR) Inc., the ...

Machinery Saudi Arabia partners with Korea's LS to spur non-petrochem sectors

South Korean conglomerate LS Group and the government of Saudi Arabia will jointly seek business opportunities in a number of non-petrochemical sect...

Petrochemicals Kumho Petrochemical accelerates CCUS push with CO2 capture plant

Kumho Petrochemical Co., South Korean petrochemical major, is accelerating its inroads into the carbon capture, utilization and storage (CCUS) marke...

Petrochemicals Saudi Aramco’s $7 bn Korea project mired by labor shortage

Saudi Aramco’s $7 billion petrochemical project in South Korea, in what would be its largest-ever investment in the country, has hit a stumbli...

ESG SK Geo Centric switches to recycled materials for petchem packaging

South Korea’s SK Geo Centric Co. is using recycled materials for product packaging as it aims to transform itself into a green petrochemical p...

Leadership & Management Ex-Kumho Petrochemical chair returns as Kumho Mitsui co-CEO

Park Chan-koo, former chairman of South Korea’s Kumho Petrochemical Group, has returned to the top position of Kumho Mitsui Chemicals Inc. as ...

Chemical Industry Kumho Petrochem, POSCO look to carbon nanotube JV, share swap

South Korea’s Kumho Petrochemical Co. and POSCO International Corp. are considering launching a joint venture to produce carbon nanotubes (CNT...

Retail S.Korea’s petrochemical, steel firms open online shopping malls

South Korea’s petrochemical and steel companies, which mainly engage in business-to-business transactions, are opening or running a string o...

Petrochemicals Samsung Eng. wins $19.5 mn Saudi petrochemical plant design contract

South Korea's Samsung Engineering has secured a front end engineering design (FEED) project for a PDH·PP·UTOS Plant in Saudi Arabia, m...

Business & Politics S.Korea to receive $1 bn in unpaid bills from Uzbek gas project

South Korean firms are poised to receive $1 billion in unpaid bill that has accumulated since 2017 from Uzbekistan’s Surgil gas project as the...

Chemical Industry SK Geo Centric, China’s Sinopec mark 10-year alliance

China-Korea Petrochemical, a joint venture (JV) between South Korea’s SK Geo Centric and the Chinese public oil company Sinopec, celebrates it...

Petrochemicals S.Korea’s petrochemical players boost plastic container recycling

South Korea's major petrochemical companies have entered the sector for 100% recycled plastic containers through cooperation with food and cosmetics...

Petrochemicals Hyundai Engineering's petrochemical plant in Poland starts pilot output

South Korea’s Hyundai Engineering has started pilot small-scale output ahead of mass production at its petrochemical plant in Poland.  ...

Corporate restructuring LG to slim down petrochem as Chinese rivals creep up

South Korea’s LG Chem Ltd. is speeding up restructuring efforts to sell or downsize uncompetitive businesses, with an aim to focus on three gr...

Petrochemicals Kumho Petrochem signs MOU with Japanese second-largest refiner

South Korea's Kumho Petrochemical Co. and Idemitsu Kosan Co., a Japanese refining and petrochemical company, announced on May 17 that they have sign...