The story
Founded by SsangYong Group on Jan 6, 1976.1
S-Oil Corporation was founded in 1976 as the Iran-Korea Petroleum Company reflecting early international collaboration. In 1980 Completion of the Onsan Refinery in Ulsan, South Korea, marking its entry into large scale refining. After Iran Revolution Iran's overseas investments were disrupted, and its stake in the South Korean venture became politically and commercially untenable. In 1980 The company was renamed SsangYoung Oil Refining Company, effectively ending Iran's direct involvement.
From Wikipedia’s article on S-Oil, shared under CC BY-SA 4.0.5
