my timesThe Korea Timesopen noticesearchBusinessCompaniesKumho Petrochemical shifts toward specialty materials, R&D amid petrochemical slumpListenListenText SizePrintBy Lee Gyu-leePublished Jul 23, 2026 4:26 pm KSTKumho Petrochemical’s plant in Yeosu, South Jeolla Province / Courtesy of Kumho Petrochemical Kumho Petrochemical Group is accelerating its shift toward research and development to reshape its business around higher-value products and advanced materials as the global petrochemical industry grapples with weakening demand and persistent oversupply. The group said Thursday it is directing more investment toward specialty chemicals, sustainable materials and manufacturing process innovation as it seeks to improve profitability while positioning itself for long-term growth. The strategy…
Source: Korea Times Business
