South Korea · Regulatory
Crude oil in South Korea
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 name check on this page and the paid Counterparty Screen 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
This rule is one row of our regulatory table: 235 jurisdictions, product tradability, payment-term constraints, license requirements. We read the same row inside the Counterparty Screen at $95, and we scope programmatic access to the table on a call. Got a live Crude oil deal into South Korea? Paste it and get a clearance verdict in under 30 seconds, before you spend weeks structuring it.
Order on one named counterparty
Counterparty Screen$95
One name, delivered within the hour, marked DRAFT for review by independent legal counsel, no human read. PEP is not screened; adverse media is not swept.
Counterparty File$500
One named counterparty, the Screen's steps plus a named human's written read and signature, in your inbox by the end of the third business day or the fee is refunded in full.
Email [email protected] with the product and the counterparty name in the subject. An invoice comes back by reply. Both are prepaid by invoice or marketplace order; there is no card checkout.