Report: Top Japan and S. Korea refiners to join forces
Green Car Congress
AUGUST 5, 2011
Japan’s neighbor makes an attractive export base, with low electricity costs, a weak currency, and a top effective corporate tax of 24%, compared with about 40% in Japan. The companies reportedly will form two joint ventures: In petrochemicals, the JX Holdings Inc. a subsidiary of SK Innovation. and Idemitsu Kosan Co.
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