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Foreign companies operating in Korea hope for the government to provide larger incentives and improve local infrastructure so that they can invest more in the country, according to the Ministry of Trade, Industry and Energy, Wednesday.
S-Oil CEO Anwar Al-Hejazi received a positive response from President Yoon Suk Yeol to his company’s request to deduct taxes for a longer period of time for firms that make long-term investments with large-scale projects, Saudi Arabia’s Aramco-owned refiner said, Thursday.
South Korean oil refiner S-Oil on Friday held an annual New Year’s trekking event with some 120 company staff in Gyeonggi Province and fundraised 30 million won ($22,488) for a social welfare group. S-Oil President and Head of Operations Park Bong-soo, President and Head of Corporate Strategy & Services Ryu Yul, President and Head of Marketing & Sales Ahn Jong-bum, and new employees joined this year...
S-Oil is enhancing its technological capabilities in Korea to broaden the spectrum of its petrochemical products while simultaneously elevating their sustainability, according to the refiner, Sunday.
South Korean oil refiner S-Oil announced Thursday that it has joined forces with Shinhan Bank to bolster its transition to achieving net-zero carbon dioxide emissions. Under a memorandum of understanding signed by the two on Wednesday, the Korean lender will support S-Oil in reducing its carbon footprint in the refining industry, one of the key contributors in global greenhouse gas emissions. As the industry is calli...