CEO Message

Welcome to Hyundai Oilbank

Established in 1964, Hyundai Oilbank Co., Ltd was the first private oil company in the Republic of Korea. For the past half century, Hyundai Oilbank has led the energy industry of Korea and now has become a global comprehensive energy enterprise with its expanding presence in the petrochemical and lubricant sectors.

Hyundai Oilbank is promoting lubricants as a new growth engine. In partnership with Shell, Hyundai Oilbank built the base oil plant in 2014 with a production capacity of 650 thousand tons per year. Hyundai Oilbank has successfully entered domestic and overseas market by producing several industrial lubricants as well as the automotive lubricant ‘HYUNDAI XTeer’.

HYUNDAI is a representative brand that has led the global market in areas such as shipbuilding and, construction equipment and industrial plant production. These industries are inseparable from lubricants. Hyundai Oilbank will expand its global sales network of ‘HYUNDAI XTeer’ through synergy with the brand ‘HYUNDAI’.

I hope Hyundai Oilbank can serve you, the customer, with our high quality and reliable products and look toward the future of ‘HYUNDAI XTeer’ as a global brand.

Thank you

Kang, Dal Ho
CEO of Hyundai Oilbank

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