South Korea's Petrochemical Giants Embark on Major Restructuring Amid Industry Crisis
Published on: Aug. 20, 2025, 1:50 p.m. | Source: Devdiscourse
Ten South Korean petrochemical companies, under government pressure, are set to restructure by reducing naphtha-cracking capacity up to 25%. This move, led by government initiatives, aims to boost efficiency, improve financial health, and address the global overcapacity crisis affecting margins and exports.
