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SOUTH KOREAN STATE OIL AGENCY TO IMPORT CRUDE FOR SK CORP.
SEOUL, June 2 Asia Pulse - The Korea National Oil Corp., South Korea's state oil agency, said it has decided to import crude oil worth around US$500 million on behalf of SK Corp.
"The move is designed to help SK Corp. (KSE:03600), which is suffering difficulties in importing crude due to the financial woes of SK Global," the Ministry of Commerce, Industry and Energy said.
The KNOC and SK Corp., South Korea's top oil refiner, are expected to sign a contract Monday.
The decision was made based on the judgment that disruptions in SK Corp. oil imports may destabilize the domestic market, the ministry said. ...
- SOVEREIGN URGES SK CORP TO DROP SK GLOBAL BAILOUT PACKAGE.
- News wire article from: AsiaPulse News June 25, 2003 700+ words
...investment fund. "SK Corp. made an unrealistic...promise to guarantee SK Global's earnings before...comparative analysis by SK Corp. of SK Global's debt workout...objections from SK Global creditors and SK Telecom. SK Corp. will surely have...
- KOREA'S SK CORP. HALTS SUPPLY OF OIL PRODUCTS TO SK GLOBAL.
- News wire article from: AsiaPulse News May 29, 2003 700+ words
...rescue efforts. "SK Global's creditors...stopped paying for SK Corp.'s supplies...the company. SK Corp. provides its...stations through SK Global's energy sales...standoff between SK Corp. and SK Global's creditors...
- KOREA'S SK CORP. TO RECOMMENCE OIL SUPPLY TO SK GLOBAL.
- News wire article from: AsiaPulse News May 30, 2003 700+ words
...trading affiliate, an SK Corp. official said Thursday. "SK Global Creditors belatedly...the official said. SK Corp. stopped the supply of oil to SK Global as a protest against...standoff between SK Corp. and SK Global's creditors is...
- SK Corp. Board Meeting Still Going Rough on SK Global Rescue Plan.
- News wire article from: YON - Yonhap News Agency of Korea June 15, 2003 700+ words
...conclusion," an official of SK Corp., the largest shareholder of embattled SK Global, said. It cannot be ruled...of receivables owed by SK Global into equity, handover of the SK Corp. stake in SK Global's gas and LPG stations...
- SK Corp. Board Meeting Okays SK Global Bailout Plan.
- News wire article from: YON - Yonhap News Agency of Korea June 16, 2003 700+ words
...A meeting of SK Corp.'s board of directors...trading affiliate SK Global in a 6-1 vote Sunday...opinion that to save SK Global via a debt-equity...strongly demanded SK Global to take drastic measures...rescue program. SK Corp. Chairman Chey Tae...
- INJUNCTION FILED TO STOP SK CORP. BAILOUT OF KOREA'S SK GLOBAL.
- News wire article from: AsiaPulse News June 11, 2003 700+ words
...Law firm to prevent SK Corp. (KSE:03600...bailout program to save SK Global (KSE:01740...board members of SK Corp. are not eligible...matters related to the SK Global assistance program...Son Kil-seung, SK Corp. Chairman Chey Tae...
- SK Corp. to Push for Debt for equity Swap of SK Global Receivables.
- News wire article from: YON - Yonhap News Agency of Korea September 1, 2003 700+ words
...1 (Yonhap) -- SK Corp. has internally...troubled sister firm, SK Global, company sources...condition calls for SK Global to release detailed...president. The SK Corp. official said...argue that helping SK Global before the company...Foreign ownership of ...
- SK CORP. TO PUSH FOR DEBT FOR EQUITY SWAP OF SK GLOBAL RECEIVABLES.
- News wire article from: AsiaPulse News September 1, 2003 700+ words
...Sept 1 Asia Pulse - SK Corp. (KSE:03600...troubled sister firm, SK Global (KSE:01740...condition calls for SK Global to release detailed...president. The SK Corp. official said...argue that helping SK Global before the company...Foreign ownership of ...