South Korea · Regulatory
Crude oil in South Korea
JurisdictionSouth Korea
ProductCrude oil
Private tradeALLOWED
Allowed for private trade
Major importers: SK Energy, GS Caltex, S-Oil (Aramco), Hyundai Oilbank. KNOC (Korea National Oil Corporation) for strategic stocks. Asia's largest refining capacity.
Compiled regulatory guidance from OilFlow Network, not legal advice. Rules change; confirm with the relevant national regulator before structuring a deal.
Frequently asked
- Can private companies import Crude oil into South Korea?
- Yes. Major importers: SK Energy, GS Caltex, S-Oil (Aramco), Hyundai Oilbank. KNOC (Korea National Oil Corporation) for strategic stocks. Asia's largest refining capacity.
- What license is typically required?
- Major importers: SK Energy, GS Caltex, S-Oil (Aramco), Hyundai Oilbank. KNOC (Korea National Oil Corporation) for strategic stocks. Asia's largest refining capacity.
- Does OilFlow screen Crude oil counterparties against South Korea rules?
- Yes. The free /check screen and the Regulatory Matrix API both read this same rule row; a private Crude oil deal into South Korea is flagged automatically when this page says blocked or restricted.
Other products in South Korea
Before you structure a deal here
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