SEOUL, Oct. 19 (Korea Bizwire) – South Korea’s bourse operator said Sunday that kerosene will be traded on its spot market later this month tofurther expand the country’s commodity spot trading market. Starting Oct. 26, kerosene will begin trading from 10 a.m. to 5 p.m. through the system, with the basic trading unit set at 20,000 liters, according to the Korea Exchange (KRX). Kerosene, or lamp oil, [...]
SEOUL, Sept. 24 (Korea Bizwire) — The proportion of diesel-engine cars among newly registered vehicles in South Korea hit an all-time high during the first half of this year, pointing to their strong popularity among fuel efficiency-conscious consumers, industry data showed Thursday. The strong presence of diesel cars over gasoline-engine vehicles, however, could weaken as [...]
SEOUL, Feb. 4 (Korea Bizwire) — Hyundai Motor Co. has been a household name in the South Korean car market for decades as the country’s primary carmaker. With the widely popular Sonata lineup, the midsize vehicle segment has been a longtime forte for the automaker. Imported brands, however, have worked their way into South Korea [...]
SEOUL, Jan. 9 (Korea Bizwire) — The South Korean government on Friday pressured the oil and gas industry to further cut petroleum prices as it pushes to pass on the benefit of tumbling global oil prices to consumers to spur spending. The Ministry of Trade, Industry and Energy asked for “cooperation” of petroleum industry officials [...]
SEOUL, Korea, Feb 23 (Korea Bizwire) – More and more car buyers are weighing whether to go for a diesel or hybrid model instead of an usual gasoline-fueled car. This trend is further encouraged by the government that is stepping up regulations on fuel efficiency. Then what would be the better choice between diesel and [...]