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Korea

Tuesday, April 14, 2015

Korea Oil & Gas News

S. Korea withdraws diplomats from Libya
South Korea's foreign ministry said Tuesday that it has pulled its diplomats out of Tripoli following a deadly attack claimed by the Islamic State group on its embassy compound. Amid growing concerns over security in Libya, South Korea has allowed its diplomats to rotate between Tripoli and Tunis every two weeks since July last year. The attack was claimed by Islamic State militants who have ...

S.Korea's March Iran crude imports surge; Jan-March drop y/y -customs
(Adds detail) * Iran crude imports in March at 570,338 T, up 107.5 pct * Jan-March Iran oil imports at 114,115 bpd, down 16 pct * Jan-March Iran oil imports below 2014 import avg * Total crude imports in March at 11 mln T, up 8.7 pct y/y By Meeyoung Cho SEOUL, April 15 (Reuters) - South Korea's imports of Iranian crude doubled in March from a year earlier but the country's oil shipments from the ...



Monday, April 13, 2015

Korea Oil & Gas News

South Korea corruption probe grows after businessman's suicide
Elizabeth Shim SEOUL, April 13 (UPI) -- A South Korean businessman accused of using government loans to create a multi-million dollar slush fund was found dead on Thursday in an apparent suicide, and a note in his pocket is at the center of an anti-corruption inquiry.



Sunday, April 12, 2015

Korea Oil & Gas News

Saudi Arabia trims oil supply to some Asian buyers -sources
* Japan, Korea not able to lift more crude in March, April-sources * Limitation on operational tolerance likely to continue in May (Adds details) By Osamu Tsukimori and Florence Tan TOKYO/SINGAPORE, April 13 (Reuters) - Saudi Arabia has reduced contractual crude supplies to some customers in Japan and South Korea since March by trimming the volumes of oil loaded, six industry sources familiar ...



Wednesday, April 8, 2015

Korea Oil & Gas News

Saudi shipper Bahri in deal with South Korea's S-Oil
National Shipping Company of Saudi Arabia (Bahri) has agreed with South Korea's S-Oil Corp to ship crude oil cargoes from the third quarter of this year. Under the 10-year contract, Bahri will ship the oil on very large crude carriers (VLCCs) from the Arabian Gulf and Red Sea to the port of Onsan in South Korea, Bahri said on Wednesday. Bahri expects to book revenues of at least 250 million ...



Monday, April 6, 2015

Korea Oil & Gas News

Why Wearing Makeup Helps This Man Trade Korea's Hottest Stocks
It’s not about looking younger, the 49-year-old head of Daishin Asset Management Co. says. Seo is trying to get first-hand insight into one of South Korea’s hottest stock-market bets: the cosmetics industry. Led by Amorepacific Corp. and LG Household & Health Care Ltd., makers of Korean beauty products are surging more than 100 times faster than the broader market and prompting the nation’s male ...



Wednesday, April 1, 2015

Korea Oil & Gas News

Saudi oil tycoons to explore ties with Korea
Saudi Arabia will seek to strengthen cooperation with South Korea when its top government and business leaders visit Seoul later this month, industry sources said Wednesday



Tuesday, March 31, 2015

Korea Oil & Gas News

South Korea inflation sinks to near 16-year low
South Korea's inflation rate dipped further in March to the lowest level in nearly 16 years as falling oil prices stoked deflationary fears, state data showed Wednesday. Consumer prices rose 0.4 percent in March from a year earlier -- compared to February's 0.5 percent, state-run Statistics Korea said. Core inflation, which excludes volatile oil and food prices, also decreased to 2.1 percent ...



Thursday, March 26, 2015

Korea Oil & Gas News

North Korea Detains Two South Koreans on Espionage Allegations
(Bloomberg) -- North Korea arrested two South Koreans on charges of spying near the border with China and conducting a covert smear campaign against the Kim Jong Un regime. South Korea called North Korea’s ...



Wednesday, March 25, 2015

Korea Oil & Gas News

EM ASIA FX-Risk aversion weighs on Asia FX, won falls with intervention spotted
* Won falls as S.Korea intervention spotted * Ringgit down on corp dollar bids; higher oil cuts losses * Rupiah skids, intervention limits slides (Adds text, updates prices) By Jongwoo Cheon SINGAPORE, ...






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