The Korean National Oil Corporation (KNOC) is a state-owned enterprise in South Korea responsible for the exploration, production, and management of oil and gas resources. Established in 1979, its primary goal is to secure energy resources for the country and reduce dependence on foreign oil. KNOC plays a crucial role in ensuring energy security and stability in South Korea's energy supply. In addition to domestic operations, KNOC engages in international projects to explore and develop oil fields around the world. The corporation also invests in renewable energy initiatives, aligning with global trends towards sustainable energy solutions. Through these efforts, KNOC aims to contribute to South Korea's energy independence and economic growth.