Korea Petroleum Industries

Name

Korea Petroleum Industries

Legal name

한국석유공업(주)

Website

https://koreapetroleum.com

Company type

Public

Founded year

1964

Operating status

Operating

Headcount range

101–250 employees

Short description

Korea Petroleum Industries (KP Group) is a South Korean specialty industrial manufacturer producing blown asphalt, solvents, waterproofing membranes, and eco-friendly refrigerants for B2B customers in construction, automotive, and chemical manufacturing, with regional operations in Malaysia and Vietnam.

Ownership category

akta.pro rank

Product category

Petroleum-based industrial products

NAICS

Petrochemical Manufacturing (32511), Petroleum and Coal Products Manufacturing (3241), Basic Chemical Manufacturing (3251)

SIC

Industrial Organic Chemicals (2860), Miscellaneous Products Of Petroleum & Coal (2990), Miscellaneous Chemical Products (2890)

akta.pro primary industry

Aromatics (BTX: Benzene, Toluene, Xylenes) (EUALAHAC)

akta.pro secondary industries

Process Oils & White Oils (IMAEAMAK), Oilfield & Refining Specialty Chemicals (IMAEABAI)

Keywords

• Industrial asphalt products
• Petroleum chemical solvents
• Waterproofing construction materials
• Eco-friendly refrigerants
• Chemical distribution services

Headquarters

HQ city

Yongsan

HQ country

South Korea

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Industrial Asphalt Products: Production and sale of blown asphalt and road-paving asphalt products for construction, civil engineering, and road infrastructure projects.
2. Solvent and Chemical Products: Manufacturing and distribution of industrial solvents, specialty chemicals, and petrochemical products through domestic and international trading operations.
3. Construction Materials: Sale of waterproofing membranes, polyurethane coatings, polyurea, emulsion, sealant, and other construction chemical products for building and infrastructure projects.
4. Refrigerant Products: Distribution of eco-friendly refrigerants (R-1234yf, R-1233zd) in various packaging sizes (5kg to bulk) for automotive and industrial applications.
5. Automotive and Processed Plastic Products: Through subsidiary KP Hansuk Plastics, production and sale of plastic processed products (PE, PP, Ecozen, PET/PETG) including blow molding and injection molding.
6. Chemical Distribution: Through subsidiary KP Hansuk Chemicals, distribution of monomer acids, solvents, and inorganic chemicals to domestic manufacturing companies.

Distribution channels4 records

Marketing channels6 records

Core offering

Korea Petroleum Industries manufactures and sells petroleum-derived industrial products including blown asphalt, road paving asphalt, waterproofing construction materials, industrial solvents, specialty chemicals, eco-friendly refrigerants, and processed plastics. The company also distributes basic petrochemicals through subsidiaries and supports specialized construction technologies such as its proprietary Asphalt Concrete Track railway system. Products are sold primarily to industrial, construction, automotive, and chemical manufacturing customers via direct B2B sales, a domestic tank-terminal network, and overseas entities in Malaysia and Vietnam.

Product overview

Korea Petroleum Industries is a diversified petroleum and chemical products company organized as KP Group, offering a portfolio of industrial products across six core categories: Blown Asphalt (oxidized bitumen in various grades), Asphalt (road paving bitumen), Construction Materials (waterproofing membranes, sealants, polyurethane products), Chemical Products (solvents including toluene, xylene, benzene), Refrigerants (eco-friendly R-1234yf and R-1233zd), and Other specialty petroleum products. The company operates through its parent company Korea Petroleum Industries and subsidiaries KP Hansuk Plastics (plastic manufacturing and processing) and KP Hansuk Chemicals (chemical distribution), with overseas operations in Malaysia, Vietnam, Hong Kong, and EU. The group provides products primarily for road construction, waterproofing, industrial manufacturing, automotive, and chemical processing industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Blown Asphalt (Oxidized Bitumen) Oxidized bitumen product available in penetration grades PN 0-5, PN 5-10, PN 10-20, PN 20-30, PN 30-40 and SP 115-15 and SP 135-10, used for industrial applications requiring higher softening points. Sold to industrial buyers for roofing, insulation, pipe coating, and similar uses.
• Road Paving Asphalt (Bitumen) Road paving asphalt products including AP grades (AP 60-70, AP 60-80, AP 80-100), AR-8000, Cut Back Asphalt, and Emulsified Asphalt for road construction applications. Supplied to road paving contractors and civil engineering firms.
• Construction and Waterproofing Materials Building and waterproofing materials including Polyurethane (Tar Base and Water Base), Waterstops, Sheet Membrane, Tape (Asphalt/Butyl), Cold Patch for roads, Sealant, Emulsion, Primer, Ceramic Powder, and Polyurea. Sold to waterproofing contractors, builders, and infrastructure project owners.
• Industrial Solvents and Chemical Products Chemical solvents and petrochemicals including Toluene, Xylene, Benzene, K100, K150, K200, YK2831, IPA, MCH, DOP, and AV-GAS for industrial applications. Supplied to chemical manufacturers and industrial users.
• Eco-friendly Refrigerants Eco-friendly refrigerants R-1234yf for automobile air conditioning and R-1233zd for chemical cleaning applications, with near-zero ODP and low GWP, compliant with Montreal Protocol regulations. Packaged from 5kg to bulk sizes for automotive and industrial customers.
• Specialty Petroleum Products Additional petroleum-derived products including Binder, Wax, SBS, Water Reducing Agent, and other specialty products for industrial and construction use.
• Processed Plastics (via KP Hansuk Plastics) Plastic blow molding, injection molding (PAIL), and synthetic resin distribution products including PE, PP, Ecozen, and PET/PETG materials. Sold through wholly-owned subsidiary KP Hansuk Plastics to manufacturers and parts makers.
• Basic Petrochemical Distribution (via KP Hansuk Chemicals) Distribution of basic petrochemical products including monomers, solvents, and inorganic chemicals to domestic manufacturers, with sales and logistics bases in Seoul, Busan, Ulsan, Hwasung, and Pyeongtaek.

Quantifiable outcome

• 61 consecutive years of cash dividends paid to shareholders
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Korea University (고려대학교)minorStrategic or Co-development Partner · 26 August 2024KP participated as a mentor company in Korea University's Changemaker program starting August 2024. In May 2024, KP donated 100 million KRW to the program. KP also provided 1 billion KRW in donations to the Changemaker program in May 2024.
• Samwoo Enterprise (삼우기업)coreStrategic or Co-development Partner · 20 March 2024JV establishment contract signed on March 20, 2024 for the development and commercialization of new material GFRP (Glass Fiber Reinforced Polymer) Rebar. The JV marks the official launch of KP's new materials business.
• Lotte Fine Chemical (롯데정밀화학)coreStrategic or Co-development Partner · 12 March 2024MOU signed on March 12, 2024 for DMAc (dimethyl acetamide) business cooperation between Korea Petroleum Industries and Lotte Fine Chemical. KP has established a DMAc production facility at its Ulsan plant with a completion ceremony held in July 2025.
• Keimyung University (계명대학교)minorStrategic or Co-development Partner · 24 August 2023MOU signed on August 24, 2023 with Keimyung University for the activation of KP Group Open Innovation program, supporting technology development collaboration with academia.
• Shinhan Bank (신한은행)minorStrategic or Co-development Partner · 5 December 2022KP was selected as a Shinhan Bank ESG Management Consulting support company in December 2022. ESG management consulting was completed in April 2023.
• PI Advanced Materials (PI첨단소재)coreStrategic or Co-development Partner · 9 May 2022Supply contract signed on May 9, 2022 for KP to supply its proprietary recycling organic solvents to PI Advanced Materials, a leading advanced materials company.
• Japan Molymer GroupminorStrategic or Co-development Partner · 1 January 2016In October 2025, KP hosted a visit from a subsidiary of Japan's Molymer Group and discussed technology cooperation. The visit took place at the Hwaseong plant.

Scale indicators12 records

Recent moves25 records

Expansion highlights7 records

Broad incumbents

• S-Oil Corporation: S-Oil is one of Korea's largest refiners and petrochemical producers, with a comparable focus on petroleum-derived products including aromatics, olefins, and base oils. While much larger in scale, it competes with KP in BTX aromatics and basic petrochemicals.
• Sika AG: Sika is a global specialty chemicals company focused on construction chemicals including waterproofing, sealing, and bonding systems. It represents the global benchmark in construction chemical innovation against which KP's waterproofing and construction materials business competes.
• SK Geo Centric: SK Geo Centric is a Korean petrochemical producer with strengths in olefins, polyolefins, and base oils. KP Malaysia serves as SK Geo Centric's Southeast Asian sales agent, indicating overlap in base oil distribution.
• GS Caltex: GS Caltex is a major Korean refiner producing petroleum products including base oils (lubricant base oils), aromatics, and petrochemicals. KP Malaysia acts as GS Caltex's local sales agent for base oils in Malaysia, indicating direct business overlap.
• Honeywell International: Honeywell is a major producer of HFO refrigerants including HFO-1234yf, which is the same product KP distributes. As the originator and global licensor of HFO-1234yf technology, Honeywell is the upstream technology source and key competitor in the automotive refrigerant market.
• Hanwha Solutions: Hanwha Solutions is a Korean chemicals and advanced materials company with operations in petrochemicals, PVC, and specialty materials. It competes in adjacent Korean specialty chemicals markets and shares exposure to construction and industrial end-markets.
• BASF: BASF is the world's largest chemical company with extensive petrochemical, construction chemical, and refrigerant portfolios. It is a global benchmark competitor in waterproofing membranes, polyurethane, and BTX-based specialty chemicals where KP operates.

Direct peers

• KCC Corporation: KCC Corporation is a Korean specialty chemicals and coatings company with a strong position in paints, coatings, and construction materials. It is a direct competitor to KP in Korean waterproofing membranes, sealants, and polyurethane construction chemicals.
• Lotte Chemical: Lotte Chemical is a major Korean petrochemical producer of olefins, polymers, and specialty chemicals. KP's DMAc JV partnership with Lotte Fine Chemical and overlap in petrochemical distribution creates a direct relationship and competitive presence in adjacent value chains.
• Nynas: Nynas is a global specialty petroleum products company focused on naphthenic specialty oils and bitumen products. It is one of the most direct international comparables to KP's blown asphalt and specialty petroleum products business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Korea Petroleum Industries