Executives from BASF Korea receive Presidential Commendation and Ministerial Award at Annual Trade Day 

• BASF executives SangHoon Shin and SangYoung Lee recognized for individual contributions to export expansion, chemical industry and overseas market development

Seoul, Korea – December 5, 2019 – Two executives from BASF Korea were recognized for contributing to the growth of Korea’s chemical industry at the “2019 Contributor Award and Export Tower” ceremony.

SangHoon Shin, Head of Specialties Development Team, BASF Korea, received the Presidential Commendation for his contributions in expanding exports and local sales of chemical raw materials for a variety of industries, with his expertise in organic chemistry of more than 14 years. In particular, Shin developed a synthesizing application of CCD (carbonyl chloride derivatives), a key ingredient for chemical, agricultural, and lifestyle products. He also played a crucial role in achieving record-high production rates at the company’s Yeosu site and increasing sales through new market development.  

SangYoung Lee, Head of the Engineering and Maintenance and Logistics Cluster, BASF Korea, was recognized with the Ministry of Industry, Trade and Energy Ministerial Award for his efforts in strengthening the competitiveness of Korea’s material industry through the development of innovative advanced polyurethane material technology. He attracted foreign investment for plant constructions in Korea and implemented various maintenance systems supported by digitalization at BASF Korea. His work in the industry for the past 26 years has helped pioneer the industry and strengthen its global competitiveness.

“These awards are the result of BASF’s continuous efforts to contribute to the growth of Korea’s chemical industry,” said Young-Yull Kim, Representative Director of BASF Korea. “With our strong commitment to innovation, we will continue to work closely with customers around the region and the local chemical industry to drive Korea’s economic and industrial development.”

The Korea International Trade Association (KITA) presented a total of ten governmental awards to individual contributors in export expansion, quality enhancement, pioneering overseas markets, and job creation in celebration of the 56th Annual Trade Day.

About BASF in Korea

BASF has been a committed partner to Korea since 1954. As a leading foreign investor in the chemical industry in Korea, BASF operates eight world-scale production sites in the country. BASF also maintains a research and development center in Suwon and four technical development centers across Korea, and the Asia Pacific headquarters of BASF’s Electronic Materials business is located in Seoul. In 2018, BASF posted sales to customers in Korea of approximately €1.4 billion, and employed 1,182 employees as of the end of the year. Further information is available on the Internet at www.basf.com/kr.

About BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 122,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of around €63 billion in 2018. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.