Edition:
United Kingdom

Jane Chung

Trumped: How Seoul's U.S. trade 'coup' left Korea steel in limbo as Japan marches on

13 Sep 2018

SEOUL/TOKYO As much as half of output capacity at some specialty South Korean steelmakers has ground to a standstill as an exemption to U.S. import tariffs they first hailed as a Seoul diplomatic coup turns out to be an quota bottleneck.

Asia buyers to receive more Saudi oil ahead of Iran sanctions: sources

11 Sep 2018

SINGAPORE/SEOUL At least three North Asian buyers will receive extra supplies of oil from Saudi Arabia after the kingdom cut its prices for most grades in October and as they look to cushion the impact on supply of U.S. sanctions on Iran, sources said.

Korea detente revives North Korean leader's bullet train dreams

30 Aug 2018

SEOUL North Korea's ruling family has long dreamed of a state-of-the-art rail system linking its major cities with each other and the wider world. | Video

POSCO buys lithium mining rights in Argentina from Australia's Galaxy

28 Aug 2018

SEOUL/MELBOURNE South Korean steelmaker POSCO has sealed a deal to buy lithium mining rights in Argentina from Galaxy Resources for $280 million, beefing up the Australian miner's funds to dig a lithium mine on neighbouring ground.

UPDATE 3-POSCO buys lithium mining rights in Argentina from Australia's Galaxy

28 Aug 2018

* Galaxy shares jump 11 pct (Recasts, adds comment from Galaxy MD, shares)

South Korea's Hanwha Total buys U.S., Australian condensate to replace Iran oil

23 Aug 2018

SEOUL/SINGAPORE South Korea's Hanwha Total Petrochemical Co Ltd [SMCHE.UL] has increased imports of condensate from the United States and Australia and is seeking more European cargoes to replace Iranian supplies, two industry sources said on Thursday.

UPDATE 1-S.Korea's Hanwha Total buys U.S., Australian condensate to replace Iran oil

23 Aug 2018

* To continue importing heavy naphtha for splitters (Adds details)

REFILE-UPDATE 1-Oil edges up as U.S. crude stocks fall, Iran sanctions weigh

22 Aug 2018

SEOUL, Aug 22 Oil prices rose on Wednesday, supported by a drop in U.S. crude inventories and a weaker dollar, along with concerns about a potential shortfall of Iranian oil from November due to U.S. sanctions.

Oil rises on U.S. crude inventories, Iran sanctions worries

22 Aug 2018

* Market weights potential oil supply cut from Iran sanctions

South Korea's U.S. oil imports to hit all-time high in Sept, Oct: sources, data

02 Aug 2018

SEOUL/SINGAPORE South Korean imports of U.S. crude oil are set to hit all-time highs in September and October as refiners snap up supplies to replace Middle East grades, four sources with knowledge of the matter said.

World News