South Korea petrochemical restructuring faces new risks from oil shock

South Korea petrochemical restructuring faces new risks from oil shock

South Korea’s petrochemical restructuring entered a more uncertain phase after President Lee Jae Myung ordered ministries to prepare emergency fuel market interventions in response to the Middle East crisis, highlighting how energy price shocks could disrupt the government’s plan to consolidate an industry already struggling with oversupply and financial stress. Lee instructed ministries to examine […] The post South Korea petrochemical restruct…