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Major South Korean refiners are expected to post a turnaround in their third quarter earnings, recovering from losses and dismal profits in the previous quarter, on the back of stronger margins amid rising oil prices, according to analysts Friday. SK Innovation Co., the energy unit under SK Group, is forecast to log 667.5 billion won (US$498 million) in the operating profit for the July-September period, turning arou. ....
South Korean Refineries Anticipate Q3 Turnaround Amidst Strengthened Margins koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.
By Kwanwoo Jun SK Innovation's shares fell Monday as its new $900 million rights issue plan unnerved investors. Shares of the South Korean energy company. ....
The newly elected president of the U.S. United Auto Workers (UAW) is unnerving Korean battery manufacturers by urging their joint ventures with U.S. carmakers to raise wages and guarantee job safety, according to industry officials, Tuesday. Amid growing concerns over his request having a negative impact on their earnings, battery makers have maintained a cautious stance, considering the fact that the union has gained strong support from U.S. President Joe Biden. ....