Hyundai oil bank () is a
petroleum
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crud ...
and
refinery
A refinery is a production facility composed of a group of chemical engineering unit processes and unit operations refining certain materials or converting raw material into products of value.
Types of refineries
Different types of refineries ...
company with its headquarters in
Seosan
Seosan () is a city in South Chungcheong Province, South Korea, with a population of roughly 175,000 according to the 2017 census. Located at the northwestern end of South Chungcheong Province, it is bounded by Dangjin City, Naepo New Town, Yes ...
,
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...
. It was established in 1964 as Kukdong Oil Industry Company () and later taken over by the Hyundai Group (1993). It is currently a part of the Hyundai Heavy Industries Group. Its primary business is petroleum products, similar to the
SK Energy,
GS Caltex,
S-Oil
S-Oil Corporation (hangul:에쓰-오일) is a petroleum and refinery company, headquartered in Seoul, South Korea. It was established in 1976 under its original name Iran-Korea petroleum company (hangul:한이석유). It produces petroleum, petro ...
.
See also
*
Economy of South Korea
The economy of South Korea is a highly developed mixed economy. By nominal GDP, it has the 5th largest economy in Asia and the 13th largest in the world. South Korea is notable for its rapid economic development from an underdeveloped natio ...
*
Hyundai Heavy Industries Group
HD Hyundai () is one of the largest South Korean conglomerates engaged in shipbuilding, heavy equipment, machine, and petroleum. HHI Group is controlled by HD Hyundai Co., Ltd. (), formerly known as Hyundai Heavy Industries Holdings Co., Ltd.
...
External links
Hyundai Oil Bank Homepage
History , Overview
{{SouthKorea-company-stub
Hyundai Heavy Industries Group
Oil companies of South Korea
Chemical companies of South Korea
Automotive companies of South Korea
Automotive fuel retailers
Non-renewable resource companies established in 1964