KNOC, Kogas focus on financial health

摘要

Seoul-South Korea’s state-run energy devel- opers are in no rush to acquire overseas assets despite the sharp drop in oil prices, and instead remain focused on improving their financial position that has been dented by some bad investments made in recent years. “I agree that low oil prices provide a good chance for investment in foreign oil assets, but we will wait until the lingering uncer- tainties over global oil prices are eased,” Lee Joon-Beom, vice president in charge of strategy and planning at state-owned Korea National Oil Corp., said Thursday.