S-Oils 9 trillion won Shaheen Project reaches 85% completion Worlds first TC2C process to boost chemical yield to 70%, operational by 2025

South Koreas Petrochemical Industry Struggles as China Advances Restructuring Beijing focuses on high-value specialty chemicals, AI optimization, threatening South Korean exports

SK Geo Centric Co. is approaching foreign petrochemical companies to sell the overseas units it acquired from Dow Chemical and France’s Arkema in a bundl

LG Chem transfers equipment to enhance efficiency in petrochemical sector

Concerns are growing that South Korea is missing a critical opportunity to restructure its petrochemical industry due to stalled progress in consolidation efforts. Although discussions around restruct

LG Energy Solution and Toyota Tsusho launch US battery recycling venture Energy partners create new initiative for sustainable battery reuse in the US

South Korea’s Lotte Chemical Corp. and HD Hyundai Group are looking to integrate parts of their naphtha cracking center (NCC) facilities within the Daesan Petrochemical Complex in South Chungcheong Pr

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South Korea’s GS Caltex successfully persuaded the International Maritime Organization (IMO) to amend rules governing the transport of bio-marine fuel, allowing fuels with up to 30 percent bio content

Samsung Electronics leads Koreas top 500 corporations, SK hynix enters top 10

Korea petrochemical industry consulting completed amid restructuring challenges Petrochemical consulting results submitted as companies push for independent restructuring efforts

LG Energy Solution Ltd. has secured a string of billion-dollar energy storage system (ESS) deals in Japan and Europe, outmaneuvering Chinese rivals in a rare b

U.S. tariff waiver boosts South Koreas petrochemical firms amid China trade war

L&F Co., a South Korean electric vehicle battery materials supplier, plans to invest $10 million in Mitra Chem, a US lithium-ion battery ingredients maker,

South Korea’s Kumho Mitsui Chemicals Inc., said on Thursday that it completed the expansion of its production facility for methylene diphenyl diisocyanate (MDI) in Yeosu, increasing capacity by 200,00

LG Group Chairman Koo Kwang-mo declared his intention to grow the battery business into a core pillar of the conglomerate, signaling a clear strategic shift amid growing global uncertainties. In a wri

LG Chems Shin Hak-cheol announces over 1 trillion won cut to equipment investment

A South Korean research team has developed the world’s most efficient catalyst for extracting hydrogen peroxide from ambient air, an innovation that could significantly impact industries such as medic

Koreas naphtha prices may drop as Russia resumes imports, boosting local competitiveness

LG Chem Ltd. is set to become the first South Korean company to mass-produce precursor-free cathode materials for lithium iron phosphate (LFP) batteries in lin

LG Chem, Lotte Chemical face heavy losses after power outage Two S. Korean firms reel from outage losses, with no clear answer on responsibility

South Korea’s OCI Holdings is ramping up its Malaysian operations, rebranding its local subsidiary OCIM (OCI Malaysia) as OCI TerraSus and expanding into the semiconductor-grade polysilicon business.

Battery and cathode material industries slash investments amidst performance decline

LG Chem Ltd., the world’s fourth-largest chemicals producer that is fostering vaccine and new drug development as new growth drivers, has kicked off the

South Korea’s two largest cosmetics makers, Amorepacific Corp. and LG H&H Co., are recovering from years of lackluster overseas business performance,

DL Chemical expands through M&A, enhancing specialty materials market in Korea DL Chemical strengthens its foothold in global specialty materials through strategic acquisitions.

LG Chem Ltd. is set to enter the electric vehicle (EV) charging cable market with high-value-added polyvinyl chloride (PVC) materials. LG Chem announced on Wednesday that it signed a memorandum of und

Korea Zinc and LG Chem start mass production of battery material precursors

S. Koreas petrochemical giants battle mounting challenges amid global competition S. Korean petrochemical profits shrink to one-sixteenth of 2021 levels amid global pressures

LG Chem faces credit rating downgrade amid petrochemical industry slump

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

Korean companies brace for losses in fourth quarter earnings amid economic downturn

LG Chem launches skin booster product VITARAN in Thailands aesthetic market LG Chem introduces new aesthetic solutions with skin booster VITARAN in Thailands beauty sector

South Korea’s reliance on China for key raw materials in advanced strategic industries has grown in 2024, raising concerns amid the intensifying U.S.-China trade tensions. According to the Korea Custo

South Korea’s cosmetics products, collectively known as K-beauty, have in gained global recognition, overtaking French brands such as Chanel and Lanc&oci

Lotte Chemical Corp.'s joint venture with Japan’s Tokuyama Corp. will ramp up specialty chemicals production to accelerate its shift from the basic

OCI expands eco-friendly materials business by increasing pyrolysis oil use

The South Korean government is reviewing the option of offering direct funding for research and development (R&D) in high-value specialty and environmentally friendly petrochemical materials, as the i

South Korean corrugated cardboard sheet makers such as Asia Paper Manufacturing Co. have decided to file an anti-dumping complaint against Japanese rivals Daio

SK Chemicals, Hyundai, and Kia innovate eco-friendly materials for automotive industry

LG Energy Solution, Samsung SDI, and SK On have emphasized

South Koreas political crisis forces major companies to rethink 2025 plans

LG Chem decided to suspend alcohol production at its Naju plant in South Jeolla Province, citing increased competition from low-cost Chinese petrochemical products and rising logistics and transportat

Lotte Chemical Corp. has reportedly initiated the shutdown process for its ethylene glycol (EG) and methyl methacrylate (MMA) production facilities at Yeosu Plant 2 in southern South Korea. According

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