- CEO
- Bong-Koo Kang
- Full Time Employees
- 241
- Sector
- Non-energy minerals
- Industry
- Construction materials
- Address
- 166 Ichon-ro Seoul SL South Korea 04427
- IPO Date
- Jun 25, 1977
- Business
- Korea Petroleum Industries Company engages in the manufacture and sale of petroleum chemical products, specializing primarily in asphalt and petroleum-based construction and civil engineering materials. Its main product lineup includes blown asphalt; construction materials such as tar, water-based polyurethane, water stops, sheet membranes, tapes, cold patches, sealants, emulsions, primers, ceramic powders; as well as chemical products including solvents, refrigerants, binders, waxes, and water-reducing agents. The company's products cater to sectors including construction, civil engineering, manufacturing, electronics, films, adhesives, paints, and cosmetics. Founded in 1964, the company is headquartered in Seoul, South Korea, with operations serving both domestic and international markets.
In the last two years, Korea Petroleum Industries has focused on strengthening its financial base, securing KRW 20 billion in funding from a consortium of asset management and securities firms including BNK Asset Management, Shinhan Capital, and Hana Securities as part of its capital expansion efforts. The company reported earnings results in 2025 reflecting a sales decline while maintaining positive net income, indicative of ongoing operational adjustments in a challenging market environment. There are no recent reported acquisitions or name changes, but the company remains actively engaged in product innovation and market adaptation within the petrochemical and construction materials sectors.
Korea Petroleum Industries operates through divisions focused on Asphalt, Synthetic Resin, Chemicals, and Other related sectors, enabling a diversified product portfolio that supports broad industrial applications. Its business model emphasizes delivering high-quality building and chemical materials across South Korea and selected international markets. The company continues to adapt amid industry-wide challenges such as stringent environmental regulations and competitive pressures, maintaining a strategic focus on sustainable industrial materials and specialty chemicals development.
Overall, Korea Petroleum Industries Company stands as a mature and established player in the materials industry, leveraging a comprehensive product suite in asphalt, solvents, and construction-related chemical products while actively managing investment and funding strategies to sustain its market position and support future growth initiatives.