The worst days are behind chemical firms

• Published in: Business Korea Vol. 17; no. 1; p. 25
• Main Author: Hyun-Joon, Hwang
• Format: Trade Publication Article
• Language: English
• Published: Seoul Business Korea Ltd 01.01.2000
• Subjects: Affiliates; Business cycles; Business forecasts; Corporate profits; Crude oil; Crude oil prices; Currency transactions; Domestic markets; Electronic commerce; Financial performance; Industrywide conditions; Interest rates; Investments; Petrochemicals industry; Petroleum refineries; Profitability; Raw materials; Seasons; Statistical data; Trends; South Korea

The business cycle of Korea's petrochemical industry, which has continued in a long-term downward trend since 1995, seems to have bottomed out in the third quarter of 1999. This can be explained by the fact that price margins remained stable in the fourth quarter despite a sharp fall in the pri...