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The South Korean government is focusing on the layout of the specialty chemicals industry to cope with fierce competition from China and overcapacity.

December 6, 2024, 4:01 PM
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Given that the competition is stiffening from China and there is oversupply in the markets, the South Korea petrochemical industry is clearly in trouble. Not to be dissuaded, the South Korean government is undertaking concrete steps to create major restructuring plans that will enable the petrochemical industry to extricate itself from the present crisis and revive.