S-Oil has donated 150 million won ($134,536) to the Korea National Council on Social Welfare (Kncsw) toward a campaign sponsoring heating oil for 225 households in need of financial support.
S-Oil will invest in a local start-up and earn certified emission reduction (CER) credits worth 13,000 tons a year, the oil refiner said Monday.
From right, S-Oil President Ryu Yul, Mapo Scholarship Foundation President Park Hong-seop and Mapo-gu Office head Yoo Dong-gyun pose after a ceremony held Thursday, in Mapo-gu Office, western Seoul.
Major dividend-paying firms in Korea have decided not to pay interim dividends this year due to tumbling earnings amid the coronavirus pandemic, industry sources said Thursday.
Having passed their worst-ever quarter through March, Korea’s oil refiners are still firmly in the red but showing some signs of improvement as they announce second quarter performances.
S-Oil, a leading oil refiner, donated 280 million won ($232,738) in scholarships to help teenagers from orphanages pursue their studies on Wednesday.
S-Oil, one of the Korea’s top four oil refiners, said Wednesday that it donated 280 million won ($229,000) to Korean National Council on Social Welfare for a campaign.
Analysts have predicted that the first few months of 2020 would be an unprecedented disaster for Korean oil refiners.On Wednesday, SK Innovation, announced a 1.56 trillion won ($1.3 billion) net loss for the first quarter, sliding deep into the red.