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- How big is Korea's specialty chemicals market?
- In 2018, the overall size of Korea’s specialty chemicals market was estimated to be USD 54 billion, of which imports satisfied 31 percent of Korea’s total demand. The U.S. holds a 21 percent share of the import market with a total of 3.5 billion.
- Which chemical company is headquartered in Seoul?
- Seoul is home to the country’s leading chemical companies. LG Chem is the largest chemical company by revenue in Korea, headquartered in Seoul. In the year 2019, the company generated sales of USD 12.87 billion. They have improved their global position as a material supplier.
- Are South Korean chemicals companies falling behind?
- The chemicals industry has been a powerhouse in the South Korean economy. As the global landscape shifts and new competitors and technologies emerge, South Korean chemicals companies are at risk of falling behind.
