Reuters - With supply from major producer Iran uncertain, big condensate user South Korea is scouring the world for alternative sources of this key ingredient in its large chemical industry to avert shortages - a process that is proving to be costly for buyers. Condensate, a type of ultra-light crude oil, is a feedstock for South Koreas petrochemical ...

South Korean companies are preparing to return to Irans market as hopes have been created for the relaxation of US-led sanctions against the Islamic Republic. The Korean news website The Chosun Ilbo reported on Wednesday that Iran sanctions relief herald lots of business opportunities for South Korean companies since the measure affects cars, precious ...

[caption id="attachment_36668" align="alignright" width="210"] This file photo shows South Korean soldiers setting up barricades across the road to the Kaesong joint industrial zone.[/caption] Tens of South Korean companies have threatened to withdraw from a joint industrial zone in North Korea, as political tensions continue to rise between the two ...