Top Companies in South Korea Oil & Gas Market
This report lists the top South Korea Oil & Gas companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the South Korea Oil & Gas industry.
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Korea National Oil Corporation (KNOC)
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Korea Gas Corporation (KOGAS)
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S-Oil Corporation
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SK Energy
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Hyundai Oilbank Co., Ltd
*Disclaimer: Top companies sorted in no particular order
South Korea Oil & GasMarket Concentration
South Korea Oil & GasCompany List
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Korea National Oil Corporation (KNOC)
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Korea Gas Corporation (KOGAS)
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S-Oil Corporation
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SK Energy
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Hyundai Oilbank Co., Ltd
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GS Caltex Corp
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SGS Group
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Hankook Shell Oil Co., Ltd
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CNCITY energy Co., Ltd
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Daesung Industrial Co., Ltd.
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Kukdong Oil & Chemicals Co., Ltd.
Specific to South Korea Oil & Gas Market
Competitive Landscape Report Includes
Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments). Key Strategic Moves, Market Share Analysis, Company Landscape, and List of Companies.
South Korea Oil & Gas Market Companies Summary
The oil and gas market in South Korea is anticipated to see growth, despite setbacks due to the Covid-19 pandemic. The demand for petrochemicals is expected to drive this market, with the downstream segment predicted to maintain its dominance due to the maturity of the sector and the increasing demand for refined products. However, the growth of the upstream sector is expected to be limited due to a lack of domestic reserves. The exploration and development of unexplored offshore acreage in South Korea presents a significant growth opportunity for the market in the forecast period. Several major players in the South Korean oil and gas market have announced plans for significant investments in the downstream sector, particularly in the refining and petrochemical industries. These investments are expected to drive the downstream segment significantly in the coming years. On the other hand, South Korea's dependence on gas imports to meet its fossil fuel consumption, combined with government efforts to reduce coal and nuclear consumption, is expected to drive the LNG-to-power segment and LNG imports. Large-scale LNG purchase contracts are anticipated to create a demand for additional LNG handling and transport infrastructure, further driving the midstream segment.
Explore MoreSouth Korea Oil & Gas Companies - Table of Contents
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1. COMPETITIVE LANDSCAPE
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1.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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1.2 Strategies Adopted by Leading Players
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1.3 Company Profiles
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1.3.1 Korea National Oil Corporation (KNOC)
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1.3.2 Korea Gas Corporation (KOGAS)
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1.3.3 S-Oil Corporation
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1.3.4 SK Energy
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1.3.5 Hyundai Oilbank Co., Ltd
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1.3.6 GS Caltex Corp
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1.3.7 SGS Group
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1.3.8 Hankook Shell Oil Co., Ltd
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1.3.9 CNCITY energy Co., Ltd
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1.3.10 Daesung Industrial Co., Ltd.
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1.3.11 Kukdong Oil & Chemicals Co., Ltd.
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- *List Not Exhaustive
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South Korea Oil & Gas Companies FAQs
Who are the key players in South Korea Oil & Gas Market?
Korea National Oil Corporation (KNOC), Korea Gas Corporation (KOGAS), S-Oil Corporation, SK Energy and Hyundai Oilbank Co., Ltd are the major companies operating in the South Korea Oil & Gas Market.