Tag: Hyundai Oilbank

Hyundai Oilbank

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Seoul Dunchon L&H redevelopment cooperative's construction site in Gangdong District, eastern Seoul, is halted due to ready-mix concrete supply issues on Sunday. [YONHAP]

Construction grinds to a halt in Korea as truckers strike

A trucker strike that started last Thursday is affecting construction and the supply of fuel. A total of 508 construction sites out of 912 had to halt the pouring of ready-mix concrete Monday, according to the Ministry of Land, ...

2022.11.29

A customer pumps gas at a station in Seoul. [YONHAP]

Oil refiners see steep decline in profits but outlook is optimistic

SK Innovation’s net profit fell 65.5 percent on year to 175.1 billion won ($123.1 million) in the third quarter, according to a regulatory filing Thursday.

2022.11.3

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Hyundai Chemical held a ceremony Wednesday to celebrate the construction of its Heavy Feed Petrochemical Complex in Seosan, South Chungcheong. [HYUNDAI OILBANK]

Hyundai Chemical completes 3-trillion-won petrochemical plant

Hyundai Chemical completed the construction of a 3-trillion-won ($2.1-billion) petrochemical plant, Hyundai Oilbank said Wednesday.

2022.10.12

Oil price declines hit Korean refiners hard as profits collapse

Oil companies say their profits will decline in the third quarter on quarter as a global economic downturn starts to weigh on product prices.

2022.10.2

Park Hong-keun, fourth from the left, floor leader of the Democratic Party (DP), poses for a photo with representatives from the oil refiners — S-Oil, GS Caltex, SK energy, and Hyundai Oilbank — and DP lawmakers during a meeting on profit-sharing held Monday at National Assembly. [NEWS1]

Korean oil refiners face windfall profit tax call from opposition

After a strong second quarter, oil refiners are facing pressure from opposition lawmakers to share their profits. And they are not happy about it.

2022.8.2

From left: Lee Jin-sung, Lotte Confectionery's head of marketing and e-commerce, Chu Young-min, Hyundai Oilbank CEO, and Lee Seung-soo, pose during a signing ceremony held at Hyundai Oilbank's office in Jung District, central Seoul, Monday. [HYUNDAI OILBANK]

Hyundai Oilbank and Lotte Confectionery sign biodiesel deal

Hyundai Oilbank and Lotte Confectionery signed a deal to produce biodiesel using disposed oil, the oil refiner said Monday.

2022.8.1

Hyundai Oilbank gas station [HYUNDAI OILBANK]

Hyundai Oilbank calls off plan to go public, cites market conditions

Hyundai Oilbank on Thursday called off its plan to go public due to unfavorable market conditions, becoming the latest Korean company to back down from listing.

2022.7.21

Hyundai Oilbank scraps plan to go public on Kospi

Hyundai Oilbank, an oil refiner of Hyundai Heavy Industries (HHI) Group, scrapped its plan to go public on the main bourse Kospi due to unfavorable market conditions, the company said in an electric disclosure Thursday.

2022.7.21