Former LG Energy Solution CEO Kwon Young-soo, ex-Hyundai Steel Vice Chairman Woo Yoo-cheol and Korea National Oil Corp. CEO Kim Dong-sub were included on a shortlist of candidates announced, Wednesday, to become the next chairman of POSCO Group.
Employees of SK Innovation, S-Oil, HD Hyundai Oilbank and GS Caltex will receive much smaller performance-based bonuses than last year, as the falling global oil price nearly halved the earnings of the top four refiners in Korea last year, according to industry officials, Tuesday.
The state-run Korea National Oil Corp. (KNOC) said Tuesday it will explore potential sites for undersea carbon capture and storage (CCS) facilities in the seas surrounding the Korean Peninsula.