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SK Innovation’s 2016 Net Almost Doubles on Petrochemical Biz, Refining Margin

SK Innovation’s 2016 Net Almost Doubles on Petrochemical Biz, Refining Margin

SEOUL, Feb. 3 (Korea Bizwire) – SK Innovation Co., South Korea’s top oil refiner, on Friday said its earnings nearly doubled last year from a year earlier, thanks to better-than-expected results from its petrochemical business and expanded refining margin.  Net profit stood at 1.72 trillion won (US$1.49 billion) last year, compared with a profit of [...]

Ulsan’s Industrial Complex Suffers amid Economic Slump

Ulsan’s Industrial Complex Suffers amid Economic Slump

ULSAN, South Korea, Jan. 11 (Korea Bizwire) – The Onsan National Industrial Complex in Ulsan, a key city for shipbuilding and petrochemical industries, is suffering its worst financial crisis since its establishment in 1974. According to local sources, some 30 factory sites have been put up for sale since last year, and it is the [...]