sector: Energy ·
industry: Oil & Gas Refining & Marketing ·
As of
7:44am IST
49,850.00KRW
Korea Gas Corporation is a Korea-based company engaged in the production and distribution of natural gas. The Company imports liquefied natural gas (LNG) and supplies it to gas utility companies, city gas companies and power generation plants in Korea. The Company also supplies natural gas, purifies and sells gas related by-products, builds and operates gas production facilities and distribution works, and explores, imports and exports natural gas for domestic and overseas markets. The Company established a Russia-based subsidiary, Kogas Vostok Limited Liability Company, engaged in gas pipeline construction business, on July 7, 2009.
BRIEF: For the fiscal year ended 31 December 2008, Korea Gas Corporation's total revenue increased 62% to W23.414T. The Company's net income decreased 11% to W327.85B. Revenues reflect increased demand for city gas and natural gas finished goods. Net income was offset by lower gross profit margin, higher loss on valuation of derivatives and higher loss on derivative transactions as well as higher loss on foreign currency translations.
Korea Gas Corp
215 Jungja-Dong,
Boondang-Gu
Sungnam-si, Gyeonggi-Do 463-815
P: +8231.7100114
F: +8231.7100399