Gov't to lower public firms' debt ratio to 150% by 2020

five heavyweights accounted for 58 percent of the entire public liability. The Korea Land & Housing Corp. will reduce its debt ratio to 312 percent by 2020 from an estimated 358 in 2016, while KOGAS will

KOGAS to place orders to local shipyards

State-run Korea Gas Corp. (KOGAS), the world's largest LNG importer, will soon place shipbuilding and maintenance orders with local shipyards, as part of efforts to help them weather their worst-ever

KOGAS turns to red in Q2

[THE INVESTOR] Korea Gas (036460) reported on Aug. 10 that its operating loss in the second quarter came in at 6.4 billion won (US$5.90 million). Revenue declined 28.81 percent to 3.54 trillion won and net loss ballooned 162.86 percent to 106.3 billion won from the same period last year. The public corporation explained that “fall in the oil price led to a decrease in the net profit” adding that “the debt-equity ratio declined from last year’s 321.5 percent to 294 percent in the first half.” Overseas operations in Iraq and Myanmar are posting steady profits and it expects the newly established plant in Uzbekistan to reap more by 2041. By Hwang You-mee ()

KOGAS posts W6.4b operating loss

[DISCLOSURE] Korean Gas (036460) reported on Aug. 10 that its operating loss came in at 6.4 billion won (US$5.9 million) on-year. Sales declined 28.81 percent to 3.5 trillion won and net loss stood at 106.3 billion won.

EQUITIES KOGAS’ Q2 operating profit to rise 417%: Samsung Securities

overseas exploration and production businesses. Revenue, however, was expected to fall 15.4 percent to 4.2 trillion won on declining sales in liquefied natural gas. Further undermining KOGAS’ profit in the

Samsung Securities says KOGAS ‘excessively undervalued’

[THE INVESTOR] Samsung Securities said Korea Gas Corporation ’s stocks are considerably undervalued, trading at around 0.33 times price-to-book value. “We expect that KOGAS’ profit from overseas

Korean gov’t to restrict overseas projects by state-run energy firms

, resulting in the KORES’ debt ratio to surge to 6,905 percent in 2015 from 103 percent in 2007. Currently, the KNOC, the KOGAS and the KORES run a combined 91 exploring operations outside South Korea. “The

State-run energy firms to sell off loss-making overseas assets

plan to partly open the local electricity and fuel gas supply markets, which are monopolized by KEPCO and KOGAS, respectively, to private companies, while the government will seek to list some big-name

Resources development policy hobbled by inconsistency

. Policymakers need to give serious consideration to the idea of merging the KNOC and KOGAS, which could help enhance their competitiveness and ability to raise funds. In a report released early this year, the

Resources development policy hobbled by inconsistency

, experts note.Policymakers need to give serious consideration to the idea of merging the KNOC and KOGAS, which could help enhance their competitiveness and ability to raise funds.In a report released early