Search results for petrochemicals
Finance
FSC expands support to 26.8 trillion won to cope with Middle East risks
South Korea\'s Financial Services Commission said on Tuesday it will expand new policy financing support to 26.8 trillion won to ease corporate burdens from instability in the Middle East. It also plans to ease refinancing pressure for Credit Guarantee Fund P-CBOs, including by lowering repayment ratios and cutting subordinated purchase ratios and spreads. Private lenders will 추진 a program supplying more than 53 trillion won in new funds.
AI & Enterprise
US big tech turns back to gas power to run AI data centres
U.S. big tech companies are moving to build natural gas power plants to secure electricity for AI data centres, heightening tension across the energy market. TechCrunch reported Microsoft, Google and Meta have entered competition for fuel and equipment, with potential spillover into power prices and industry. The rush is also creating bottlenecks such as scarce gas turbines and higher costs. Analysts warn demand could shift strain to gas supply networks and sharpen conflicts over energy allocation.
Industry
LG Chem to focus on AI chips, auto materials; targets 2 trillion won electronic materials sales by 2030
LG Chem plans to double sales from its electronic materials business to 2 trillion won by 2030, positioning the segment as a key future growth pillar. The company said it will respond to rising demand for high-performance materials used in AI semiconductors, autonomous driving and next-generation displays. It will expand semiconductor packaging materials, broaden automotive material offerings and accelerate development of display materials for applications such as XR and robots.
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Economy
OECD sparks signs of wave of Korea growth downgrades amid Middle East vulnerability
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Industry
Oil price surge signs as Hormuz Strait closure looms, South Korea industry on alert
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Industry
South Korea February exports hit record high, led by semiconductors for nine straight months
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Finance
Park Sang-jin says 150 trillion won national growth fund will speed industrial restructuring
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Industry
MOTIE seeks applicants for 80 billion won carbon-neutral transition loans
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Industry
MOTIE to invest 1.29 trillion won in materials and components development this year
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Industry
LG Chem says 2026 is turning point in shift to high value-added industrial structure
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Industry
Lotte Chemical Group chief Lee Youngjun says 2026 will be major turning point for future growth