Korea, Republic Of

Profits Rise for GS Caltex, Fall for Thai Oil

Profits Rise for GS Caltex, Fall for Thai Oil

February 16, 2024

South Korea’s GS Caltex reported higher operating profit for its base oil and lubricants business for full-year 2023 d ...

South Korea Base Oil Exports Decreased

South Korea Base Oil Exports Decreased

February 16, 2024

South Korea exported 23% less base oil volume in November and the exports’ declared value was flat, compared to the sa ...

Profits Down at SK, S-Oil

Profits Down at SK, S-Oil

February 9, 2024

Operating income was down for the fourth quarter and full year for both SK Enmove’s and S-Oil’s base oil and lubrica ...

Additive

SK, Hyundai Partner on Refrigerants for EVs

February 2, 2024

SK Enmove and Hyundai Motor Group entered an agreement last week to jointly develop refrigerants for heating and cooling ...

South Korea Base Oil Exports Rise in December

South Korea Base Oil Exports Rise in December

January 19, 2024

South Korea’s base oil export volume jumped 27% in December, and the declared value of the oils exported was up 29%, a ...

Profits Down for GS Caltex, Up for Michang

Profits Down for GS Caltex, Up for Michang

December 15, 2023

South Korea’s GS Caltex reported a 52% third quarter drop in operating profit for its lubricants and base oils busines ...

South Korea Base Oil Exports Slide in November

South Korea Base Oil Exports Slide in November

December 15, 2023

South Korea exported 10% less base oil in November than in the same month of last year, and the reported value of the ex ...

South Korea Base Oil Exports Jumped in October

South Korea Base Oil Exports Jumped in October

November 17, 2023

South Korea base oil exports rose 23% in volume and by 25% in declared value in October, according to data released this ...

Additive

South Korea Market Forecast to Barely Grow

November 10, 2023

South Korea’s economy may be rebounding and vehicle sales within the country continuing to expand, but that will barel ...

Profits Fall for Korean Base Oil Suppliers

Profits Fall for Korean Base Oil Suppliers

November 3, 2023

The SK Enmove base oils and lubricants business, S-Oil’s base oils and lubricants business and joint venture Hyundai S ...

South Korea Base Oil Exports Decline

South Korea Base Oil Exports Decline

October 20, 2023

South Korea exported 21% less base oil in September, and the reported value of those shipments fell 34%, a government ag ...

Additive

Gulf Oil Blends S-Oil’s Lubes in India

October 20, 2023

S-Oil is contracting Gulf Lubricants Oil India Ltd. to blend and distribute its finished lubes in India – the first ti ...

Profits Rise for Michang

Profits Rise for Michang

October 13, 2023

South Korean lubricants blender Michang Petroleum Industry Co. reported a 43% jump in operating profit on a 2% uptick in ...

South Korea Base Oil Exports Dropped in July

South Korea Base Oil Exports Dropped in July

September 22, 2023

South Korea exported 34% less base oil, and the reported value of those exports plunged 48% in July, compared to the sam ...

SK Ties Up with Dell, GRC for Immersion Cooling

SK Ties Up with Dell, GRC for Immersion Cooling

August 25, 2023

SK Enmove on Wednesday announced the signing of a memorandum with Dell Technologies and GRC to develop immersion cooling ...

SK, Dell, GRC Link for Liquid Immersion Cooling

SK, Dell, GRC Link for Liquid Immersion Cooling

August 23, 2023

SK Enmove today announced a memorandum of understanding with computer maker Dell Technologies and United States-based GR ...

Additive

Luroda Buys Out GS Caltex for Tianjin Plant

August 18, 2023

Chinese lubricant manufacturer Luroda recently acquired GS Caltex’s 65% share in their joint venture blending plant in ...

South Korea Base Oil Exports Plummet

South Korea Base Oil Exports Plummet

August 18, 2023

South Korea exported 34% less base oil in July, and the reported value plunged 48%, compared to the same month last year ...