Despite not being an oil-producing country, South Korea boasts the fifth-largest crude oil refining capacity in the world, a testament to its superior scale and technological competitiveness. This positions the country as a major player in the global plastics market, contributing substantially to raw material production and supply. Recognized as a key player in the global plastics industry value chain, South Korea stands out for its competitive quality in plastic processing equipment and finished products manufacturing. Consequently, it serves as a crucial production base within the Asian region for the entire plastics supply chain. Additionally, there is robust demand for advanced plastic technologies from high-end automotive and electronics & electric applications.