United States

Jane Chung

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

Sep 13 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

Sep 11 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

Aug 30 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

Aug 27 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.

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

Aug 23 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.

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

Aug 22 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

Aug 21 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

Aug 02 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.

South Korea suspends Iranian oil loading in July for first time since 2012: sources

Jul 06 2018

SEOUL/TOKYO South Korea will not lift any Iranian crude and condensate in July, halting all shipments for the first time in six years amid U.S. pressure to cut all imports of Iranian oil from November, three sources familiar with the matter said on Friday.

South Korea turns to Kazakh CPC oil as U.S. sanctions on Iran loom

Jul 02 2018

MOSCOW/SEOUL South Korea has imported four times more CPC Blend crude so far in 2018 than in the same period last year, as the major Asian oil consumer seeks to replace Iranian supplies, shipments data and trading sources said.

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