Affiliated Companies

S-OIL Total Lubricants Co.,Ltd.

s-oil total

  • S-OIL Total Lubricants Co., Ltd. is an unlisted company specialized in lubricants.
    The company sells lubricants at home and abroad by producing finished
    lubricant products out of the base material, lubricant base oil, supplied by S-OIL.
  • S-OIL newly acquired 50%+1 shares of S-OIL Total Lubricants Co., Ltd. according to the
    Joint Venture contract with TOTAL Raffinage Marketing S.A. on May 8, 2008.

S-International Ltd.

s-international Ltd.

  • S-International Ltd. was established under the nationality of Liberia on Oct. 30, 1987 to support the import of crude oil and changed its registered address to the Independent State of Samoa on Feb. 9, 2011. Currently, S-OIL has a 100% stake.

North East Chemicals Co., Ltd.

  • North East Chemicals Co., Ltd. is a privately held company that provides logistics services, including storage and shipment of petrochemical products and lubricant base oil products.
  • S-OIL acquired 100% of the shares in North East Chemicals Co., Ltd. on December 29, 2017.

Mutual ownership relations among affiliates


Status : S-OIL Total Lubricants, S-International, North East Chemicals Table.
Category S-OIL Total Lubricants S-International North East Chemicals
Type of investment Joint Venture Subsidiary company Subsidiary company
Share 50%+1 100% 100%


On April 1, 2009, the Korea Fair Trade Commission designated S-OIL and S-OIL Total Lubricants Co., Ltd. as Business Group subject to Limitations
on Cross-shareholding. Accordingly, based on relevant laws and regulations such as Fair Trade Act, S-OIL has been complying with the followings.

  • Ban on cross-shareholding among affiliates (Fair Trade Act Article 9 Clause 1)
  • Prohibition of Provision of Guarantee for Korean Affiliate's Debt (Fair Trade Act Article 10 Clause 2)
  • Duty to report stock ownership and debt guarantee status (Fair Trade Act Article 13)