SOUTH KOREA
- Share via
From Times Staff and Wire Reports
Korean Refiner to Build $1.5-Billion China Plant: The Yukong Ltd. joint venture project would be the biggest between South Korea and China since they established diplomatic ties in 1992. The refinery, with a processing capacity of 100,000 to 150,000 barrels of oil daily, is to be built in Shenzhen. Trade between the two countries has mushroomed since normalization, with two-way volume totaling $8.9 billion last year. Seoul officials said South Korea hoped to increase its trade with China to $56 billion by 2001.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
