Achieved operating profit of 300 billion won & 1 Million tons of sales volume

Achieved 20 million work hours with no accidents (Daesan Refinery Complex)

Expanding production capacity (1 million tpa)

Achieved 10 million work hours with no accidents (Daesan Refinery Complex)

Acquired REACH and began sales in Europe

Received USD 400 million Export award from Korea International Trade Association

Started sales of Group II 70 Neutral

Launched commercial production and sales of Group II 150 Neutral and 500 Neutral

Completed the construction of lube base oil manufacturing plant

Groundbreaking ceremony for Base Oil Manufacturing Plant (Daesan, Seosan-si, Chungnam)

Designated and approved as a Foreign Investment Zone (Chuncheongnam-do, Ministry of Knowledge Economy)

Established as HYUNDAI and SHELL Base Oil Co., Ltd. (Joint Venture company between Hyundai Oilbank Co., Ltd. and The Shell Petroleum Company Limited)