The Korea Herald


Korea Petrochemical to invest W106b in factory extension

By 윤정현

Published : Oct. 18, 2016 - 15:45

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[DISCLOSURE] Korea Petrochemical (006650) announced on Oct. 17 that it plans to invest 106.6 billion won (US$94.07 million) to expand its factory for polypropylene and high-density polyethylene in Ulsan, South Gyeongsang Province, to increase sales of its specialized products. 

This deal is equivalent to 10.29 percent of the firm’s equity capital and expires Dec. 31, 2018.

By Yun Jeong-hyeon (