SK Trading International

Name

SK Trading International

Legal name

SK Trading International

Website

https://eng.skinnovation.com

Company type

Private

Founded year

2013

Operating status

Operating

Ownership category

akta.pro rank

Product category

Crude Oil Trading

NAICS

Petroleum and Petroleum Products Merchant Wholesalers (4247), Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (42472)

SIC

Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro primary industry

Crude Oil & Refined Products Trading & Marketing (EUAGAAAD)

akta.pro secondary industries

Natural Gas Wholesale Trading & Marketing (EUAGAAAB), Energy Commodities Exchanges (Crude Oil, Refined Products, Natural Gas, Power) (FSAFAMAC)

Keywords

• Crude oil trading
• Petroleum shipments
• International commodity trading
• Energy products trade
• VLCC cargo logistics

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Others

Core offering

SK Trading International operates as a global trading company that handles large-scale international shipments of crude oil and other petroleum products. The company sources and sells physical crude oil cargoes — including Kuwaiti crude oil — for movement between the Middle East and East Asian markets using VLCC vessels, with transactions priced against market benchmarks such as Brent or WTI crude oil.

Differentiator

Problem solved

Functional benefit

Products and services

• Crude Oil Trading and Shipment Services Global procurement and sale of physical crude oil cargoes (including Kuwaiti crude) for institutional energy buyers, refineries, and integrated petroleum companies. Transactions are conducted through negotiated contracts priced against market benchmarks such as Brent or WTI crude oil, and shipments are moved on VLCC vessels such as HMM's Universal Winner carrying 2 million barrel cargoes between Middle East and Asia.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• HMM (Hyundai Merchant Marine)coreChannel Partner/ Reseller/ Distributor · 20 May 2026HMM operated the VLCC Universal Winner which carried SK Trading International's 2 million barrels of Kuwaiti crude oil. The vessel was stranded near the Strait of Hormuz for about three weeks and was the first of 26 Korean ships stranded in the area to depart under a Korea-Iran agreement. All 21 crew members were reported in good health.
• Korean GovernmentcoreStrategic or Co-development PartnerKorean government facilitated a Korea-Iran agreement reached on May 20, enabling the departure of 26 Korean ships stranded near the Strait of Hormuz, including the VLCC Universal Winner carrying SK Trading International's crude oil cargo.

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Direct peers

• S-Oil Corporation: S-Oil is a major South Korean refiner with crude procurement from the Middle East (including Kuwait) and active trading through its Onsan refinery. Directly comparable as a Korean-based crude buyer/trader operating in the same Middle East-Asia corridor as SK Trading International.
• GS Caltex: GS Caltex is a Korean refiner and petroleum products marketer with crude oil sourcing from the Middle East. Directly comparable as a Korean-based petroleum trading and refining peer with overlapping crude procurement geography.
• Hyundai Oilbank: Hyundai Oilbank is a South Korean crude oil refiner and petroleum products trader that imports Middle Eastern crude. Comparable as a Korean refiner-trader peer operating in the same crude sourcing and refining corridor as SK Trading International.
• SK Energy: SK Energy is the petroleum refining and marketing arm within the SK Innovation group, focused on crude oil refining and petroleum products marketing. Sister entity to SK Trading International within the same chaebol, with overlapping crude procurement and Asian downstream demand.

Regional players

• PTT Energy Resources: PTT Energy Resources is the upstream/trading arm of Thailand's PTT group, handling crude procurement for Thai refineries and active in Middle East-Asia flows. Comparable on crude trading model and Asian downstream exposure, though headquartered in Thailand rather than Korea.

Broad incumbents

• Glencore: Glencore trades crude oil alongside a diversified commodity portfolio, with strong Middle East sourcing relationships. Directly comparable as a physical energy trader, though much larger and listed.
• Vitol: Vitol is the world's largest independent energy and commodities trader, with substantial physical crude oil trading flows between the Middle East and Asia-Pacific. Comparable to SK Trading International on crude oil merchant wholesaling and tanker-scale cargo handling, though it operates globally across many commodities.
• Trafigura: Trafigura is a top-tier global commodities trader with a large crude oil and petroleum products book, including significant Middle East-Asia flows. Comparable in core business model of physical crude trading, but operates at far greater scale and across metals and minerals as well.
• Mercuria Energy Trading: Mercuria is a leading independent global energy trader focused on crude oil, refined products, natural gas, and environmental commodities. Comparable to SK Trading International on crude trading and global logistics, but with a broader commodity mandate.
• Gunvor Group: Gunvor is a major physical crude oil and refined products trader with significant Middle East-Asia flow exposure. Comparable in operating model and tanker-scale cargo handling, though larger and privately held.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/sk-innovation

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SK Trading International