South Korea Latest Chemical Industry News & Trends-SKYSEVEN CHEMICAL

South Korea's major petrochemical companies expand operating losses to 1.5 trillion won in 2025, industry restructuring still needs long-term progress

South Korea's major petrochemical companies have an initial total operating loss of 1.5 trillion won (about 7.8 billion yuan) in 2025, a significant increase from 1.1 trillion won in 2024.

2026-03-06 16:10:27

South Korea Biofuel Breakthrough: Industry Chain Reshaping Effect of LG Chemical-Enilive Project

LG Chem and Enilive officially launch South Korea's first hydrogenated vegetable oil (HVO) and sustainable aviation fuel (SAF) production plant

2025-08-19 17:10:21

The U.S. intends to impose a 25% tariff on imports from Japan and South Korea, and the aromatic hydrocarbon supply chain faces impact.

The Trump administration intends to impose a 25% tariff on Japanese and Korean goods, or a severe impact on U.S. aromatic imports, forcing companies to find alternative suppliers or bear higher costs.

2025-07-15 17:35:05

Daewoo Construction won the bid for Turkmenistan fertilizer plant project with an amount of US $0.784 billion.

South Korea Daewoo Construction Company won the bid for Turkmenistan's $0.784 billion fertilizer plant project, marking its entry into the Central Asian market, with which it plans to expand its regional influence and expand its global business.

2025-05-28 17:16:09

Saudi Aramco reaffirms firm support for South Korea Shaheen project, expected to start production next year

Saudi Aramco reiterated its firm support for the South Korea Shaheen project, which is expected to be put into operation next year, which will enhance the competitiveness of the South Korea petrochemical industry and promote local economic development.

2025-05-15 15:53:02

LG Chem to Sell Water Treatment Business Unit to Focus on Strategic Restructuring and Growth Engine

LG Chem plans to sell the world's second-largest reverse osmosis membrane business at a valuation of 1 trillion won, and the counterparty Glenwood plans to integrate it with existing environmental assets. The move marks the accelerated business restructuring of LG Group, focusing on the three core areas of advanced materials, life sciences and sustainable development, echoing the trend of industry consolidation.

2025-05-07 09:22:15

LG Chem takes customers as the core to drive innovation and work with partners to build sustainable growth

South Korea chemical giant LG Chem helps global customers reduce costs and increase efficiency by building a customer-oriented culture and promoting the green transformation of the industry with customized solutions and knowledge-sharing systems.

2025-04-25 09:34:16

Daewoo Engineering and Construction Company Joins Hands to Build a Large Chemical Fertilizer Plant Project in Turkmenistan

Daewoo Engineering and Construction Company signed a framework agreement with Turkmenistan on a fertilizer plant. The project is located in Abat, Turkmenistan, with an annual production capacity of 350000 tons of phosphate fertilizer and 100000 tons of ammonium sulfate, marking an important progress in Daewoo's strategic layout in the Central Asian market.

2025-04-21 09:31:00

Aijing Chemical Vietnam New Plant Set Sail, Sword to Southeast Asia and Global Markets

The successful completion of the "LOTUS Project" of Aijing Chemical's new factory in Vietnam marks an important step in the company's strategic layout in the Southeast Asian market. The new plant not only improves production capacity, but also integrates advanced technology, aiming to consolidate the market position and lead the industry growth.

2025-04-14 09:42:35

Hyosung Group Mobilizes Resources to Rescue Ailing Hyosung Chemical

Hyosung Group is going all out to rescue the troubled Hyosung Chemical, seeking financial support through internal restructuring and external sales strategies. Despite market challenges, the Company is actively pursuing business adjustments with a view to achieving financial stability and operational recovery.

2025-04-09 10:08:54