Country: South Korea
Based in the Republic of South Korea, S-OIL is a major oil and energy company. In 2008, S-OIL adopted the Balanced Scorecard to achieve its mission of sustainable profitable growth. The company has dramatically enhanced its competitiveness and profitability. S-OIL has performed exceptionally well, posting strong financial results, including the largest operating profit in the organization's history, in 2011 (in 2011 it achieved its largest operating profit ever), is constructing a second major production facility, has generated seven million accident-free man-hours, and has achieved its largest-ever retail market share.