06.01.2011 • NewsSouth Korea

South Korean Petrochemical Companies Plan $5.15 Billion in Investments

South Korea's 19 major petrochemical makers plan to invest a total of 5.8 trillion won ($5.15 billion) this year, up 2% from last year, and expect exports to reach a record of $39.9 billion, the government said on Thursday.

The petrochemical producers invested 5.7 trillion won in 2010, up nearly 60% from the preceding year, and posted $35.7 billion in exports, up 30%, the Ministry of Knowledge Economy said in a statement.

The 19 firms include Honam Petrochemical, LG Chem and SK Global Chemical.

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28.07.2025 • NewsChemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.