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Korean Refiners Review Feasibility of Launching Hydrogen Charging Services

Korean Refiners Review Feasibility of Launching Hydrogen Charging Services

SEOUL, Sept. 15 (Korea Bizwire) — South Korean major oil refiners, which have had difficulty getting out of a loss-making business structure, are stepping into the hydrogen business, which was once regarded as a rival to their core operations. The country’s four major refiners — SK Innovation Co., GS Caltex Corp., Hyundai Oilbank Co. and [...]

S. Korea’s Exports of Eco-friendly Cars Up 23 Pct in H1

S. Korea’s Exports of Eco-friendly Cars Up 23 Pct in H1

SEOUL, Sept. 2 (Korea Bizwire) – South Korea’s exports of eco-friendly automobiles rose nearly 23 percent in the first half of 2020 from a year earlier, data showed Wednesday. Outbound shipments of eco-friendly cars, including electric vehicles, reached US$3.16 billion in the January-June period, taking up 20 percent of the country’s total automobile exports, according [...]

S. Korea to Implement Law on P2P Lending

S. Korea to Implement Law on P2P Lending

SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s new law on peer-to-peer (P2P) lending is expected to help address deceptive practices and better protect consumers, industry watchers said Wednesday. The law, which takes effect Thursday, requires all P2P lenders to have paid-in capital of at least 500 million won (US$421,000) each and register with the [...]

Refiners’ Continued Negative Margin Dims Earnings Outlook

Refiners’ Continued Negative Margin Dims Earnings Outlook

SEOUL, Aug. 11 (Korea Bizwire) — South Korean oil refiners’ key profitability measure has remained stuck in negative terrain for weeks, clouding their earnings outlook, industry sources said Tuesday. The benchmark Singapore complex gross refining margin (GRM) was estimated at minus US$0.30 per barrel for the first week of August, marking the fourth straight week [...]