This entity, traded on the Korean exchange, is a prominent player in the global petrochemical industry, specializing in the production and sale of a variety of chemical products. Their core business revolves around the manufacturing of raw materials, primarily utilizing naphtha, which is a petroleum-derived intermediate liquid, as a feedstock. These raw materials then serve as the building blocks for a diverse portfolio of downstream products. They are involved in the creation of a range of basic chemicals, including olefins like ethylene and propylene, which are critical components in plastics, synthetic fibers, and various other consumer and industrial goods. Furthermore, they produce polymers, such as polyethylene (PE) and polypropylene (PP), two of the most widely used plastics globally, along with specialized resins and chemical compounds that find applications in packaging, construction, automotive parts, and medical supplies. Their operations also extend to the manufacturing of chemical intermediates, like aromatics such as benzene, toluene and xylene, which are used as solvents and in the production of synthetic fibers and other specialty chemicals. They also invest in research and development to enhance product quality and create new innovative materials. The company's business model typically involves large-scale production to achieve economies of scale, and their sales reach both domestic and international markets. They operate complex production facilities equipped with advanced technologies, and are thus dependent on global oil prices, which heavily influences the cost of raw materials. The company's success is linked to their ability to efficiently manage their supply chain and effectively adapt to market dynamics, including changes in consumer preferences and environmental regulations, all whilst continuing to remain a significant supplier of essential chemicals to various global industries.