Saudi Arabian Oil
Scope
Date
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Petrochemicals
S.Korea imports Canadian oil for 1st time under Trump's 2nd term
South Korea has imported crude oil from Canada for the first time amid escalating tariff tensions between the US and Canada since Donald Trump's ret...
Jun 02, 2025 (Gmt+09:00)
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Future mobility
Kakao Mobility to build smart infrastructure for Saudi Diriyah project
Kakao Mobility Corp., which runs South Korea’s most popular ride-hailing app, Kakao T, has clinched a deal to build a future mobility infrastr...
Jun 02, 2025 (Gmt+09:00)
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Energy
SK Earthon secures rights to explore 2 offshore oil blocks in Indonesia
SK Earthon Co., the petroleum exploration and production (E&P) unit of South Korea’s top energy company SK Innovation Co., has secured rig...
May 22, 2025 (Gmt+09:00)
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Automobiles
Hyundai Motor, PIF break ground on Saudi Arabia plant
Hyundai Motor Co. has joined forces with the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, to build its first manufactur...
May 15, 2025 (Gmt+09:00)
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Entertainment
Kakao Entertainment sheds loss-making units, revives IPO prospects
Kakao Entertainment Corp. has been divesting unprofitable music labels and digital content platforms, which it has gobbled up over the past few year...
Apr 07, 2025 (Gmt+09:00)
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Energy
Doosan Enerbility wins $1.5 bn in orders from Saudi Arabia
Doosan Enerbility Co., South Korea’s leading gas turbine maunfacturer for power plants, said on Thursday that it has secured a combined $1.5 b...
Mar 13, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders to benefit from rising LNG, oil tanker demand
South Korean shipbuilders are expected to benefit from a potential surge in demand for liquefied natural gas (LNG) and crude oil carriers as US Pres...
Feb 17, 2025 (Gmt+09:00)
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Energy
South Korean oil refiners to jointly build SAF plant
South Korea’s four major oil refining companies will jointly build a sustainable aviation fuel (SAF) plant in the country, for which the gover...
Jan 24, 2025 (Gmt+09:00)
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Chemical Industry
HD Hyundai Oilbank supplies bio VLSFO to Yangming
HD Hyundai Oilbank Co., a South Korean crude oil refiner backed by Saudi Aramco, said on Thursday it started to supply Taiwan-based Yang Ming Marine...
Dec 12, 2024 (Gmt+09:00)
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Petrochemicals
HD Hyundai Oilbank ventures into bioenergy sector as new growth driver
HD Hyundai Oilbank Co., a South Korean crude oil refiner backed by Saudi Aramco, is diversifying its business beyond fossil fuel-centered operations...
Nov 29, 2024 (Gmt+09:00)
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Energy
KEPCO wins Saudi Arabia's two gas power plant projects
Korea Electric Power Corp. (KEPCO) announced on Thursday that it was selected as the final successful bidder to build and operate two 1.9GW combined...
Nov 21, 2024 (Gmt+09:00)
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Business & Politics
Korea mulls raising US oil imports to cope with Trump trade policies
South Korea, the world’s fourth-largest oil importer, is considering increasing US oil imports to ease potential pressure from President-elect...
Nov 20, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Naver, Saudi Arabia's NHC to build JV
South Korea’s Naver Corp. said on Monday it signed a memorandum of understanding (MOU) with Saudi Arabia’s National Housing Company (NHC...
Nov 18, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Team Naver unveils digital twin platform in Saudi Arabia
Naver Cloud, the cloud subsidiary of South Korean online giant Naver Corp., said on Friday that Team Naver participated in the Cityscape Global 2024...
Nov 15, 2024 (Gmt+09:00)
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Construction
Hyundai E&C wins $725 mn Saudi Arabia HVDC line order
Hyundai Engineering & Construction Co. (Hyundai E&C) said on Tuesday it has bagged a $725 million order to build a power transmission line i...
Nov 12, 2024 (Gmt+09:00)
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Energy
DS Dansuk wins $750 mn SAF material order from Phillips 66
South Korea's DS Dansuk Co., which operates bioenergy, battery, and plastic recycling businesses, said on Monday it signed a 1 trillion won ($750 mi...
Oct 29, 2024 (Gmt+09:00)
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Energy
KEPCO shortlisted for Saudi Arabia's solar energy projects
Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, was shortlisted as a final candidate for renewable energy projects i...
Oct 28, 2024 (Gmt+09:00)
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Petrochemicals
HD Hyundai Oilbank to fully own HD Hyundai Cosmo for $104 mn
Saudi Aramco-backed HD Hyundai Oilbank Co. will acquire a 50% stake in money-losing HD Hyundai Cosmo Petrochemical Co. from Japanese chemical giant ...
Oct 25, 2024 (Gmt+09:00)
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Corporate strategy
CJ Group explores Saudi Arabia's entertainment potential
CJ Group, South Korea’s food-to-entertainment giant, is exploring business opportunities in Saudi Arabia's entertainment and logistics sectors...
Sep 25, 2024 (Gmt+09:00)
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Artificial intelligence
Naver to set up Middle Eastern headquarters in Saudi Arabia
Naver Corp., which has been actively seeking to unlock opportunities in the Middle East with its new growth engines artificial intelligence, cloud a...
Sep 23, 2024 (Gmt+09:00)
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Artificial intelligence
Naver joins hands with Saudi Arabia to develop Arabic LLM
Naver Corp., South Korea’s largest online platform, has signed a memorandum of understanding with the Saudi Data & AI Authority (SDAIA) to...
Sep 12, 2024 (Gmt+09:00)
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Aerospace & Defense
S.Korea’s LIG Nex1, Iraq set for $2.6 billion deal on M-SAM missile system
Iraq has decided to import South Korean-made mid-range surface-to-air missile (M-SAM) system II, known as Cheongung II, in a deal estimated at $2.6 ...
Sep 12, 2024 (Gmt+09:00)
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Energy
SK Earthon wins 2nd oil field exploration bid in Malaysia
SK Earthon Co., the energy resources exploration and production (E&P) unit of South Korean energy giant SK Innovation Co., is accelerating its g...
Sep 08, 2024 (Gmt+09:00)
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Construction
SGC E&C wins $366 mn chemical plant project in Saudi Arabia
SGC Engineering & Construction (E&C), a company specializing in engineering, procurement and construction (EPC), said on Wednesday that it s...
Aug 28, 2024 (Gmt+09:00)
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Steel
Korea’s Husteel enjoys surging Saudi Steel Pipe stock prices
South Korean Husteel Co.'s long-term investments in Saudi Steel Pipe Co. are paying off as its share price surges on the back of deals with the king...
Aug 26, 2024 (Gmt+09:00)
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Construction
HD Hyundai Infracore to supply construction equipment to Saudi Arabia
South Korea's HD Hyundai Infracore Co. announced on Tuesday that it signed a contract to supply 100 excavators and wheel loaders to Saudi Arabia's l...
Aug 20, 2024 (Gmt+09:00)
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Airlines
S.Korea to launch sustainable biojet fuel initiative
South Korea will require airlines to replace a portion of their jet fuel with environmentally friendly alternatives such as cooking oil, palm oil an...
Aug 20, 2024 (Gmt+09:00)
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Construction
SGC E&C secures $189 mn petrochem facility project in Saudi Arabia
SGC Engineering & Construction (E&C), a specialist in design, procurement and construction (EPC), said on Thursday that it has signed a cont...
Aug 08, 2024 (Gmt+09:00)
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Carbon neutrality
GS Caltex to capture and utilize carbon with own technology
South Korea's GS Caltex Corp. will launch a carbon capture and utilization (CCU) project in collaboration with South Jeolla Province and Yeosu City ...
Aug 07, 2024 (Gmt+09:00)
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Korean stock market
S.Korean stocks log largest daily loss since pandemic
The South Korean stock market dropped more than 3% on Friday to breach the psychologically important barrier of 2,700 in almost two months, after we...
Aug 02, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet