SEOUL, Oct. 6 (Korea Bizwire) — Major oil refiner GS Caltex Corp. said Tuesday that it will join hands with global furniture giant Ikea’s Korean unit to begin a pick-up service at one of the company’s gas stations in Seoul’s Gangnam district. If an Ikea customer selects a nearby GS Caltex gas station to pick [...]
SEOUL, April 12 (Korea Bizwire) — The government is gearing up to support the nation’s gas station industry, which is facing serial closures due to the prolonged COVID-19 pandemic and the growing popularity of eco-friendly vehicles. The Ministry of Trade, Industry and Energy recently issued a notice concerning the outsourcing of a study on how [...]
SEOUL, Jul. 12 (Korea Bizwire) — SK Energy Co. a wholly owned subsidiary of the country’s leading oil refiner SK Innovation Co., announced on Thursday that it will begin a new project to supply eco-friendly energy at its gas stations and My Truck House, a service station for cargo trucks. For the new project, SK [...]
SEOUL, Jul. 19 (Korea Bizwire) — SK Energy and Korea Post have agreed to work together on future joint projects that would involve the sharing of resources. At SK Energy’s head office in Jongno-gu, Seoul, the two parties signed an MOU yesterday that would allow both sides to share each other’s assets to create further [...]
SEOUL, Jun. 20 (Korea Bizwire) — SK Energy and GS Caltex are joining hands to create a parcel delivery service utilizing the two companies’ existing network of gas stations. In addition to the collaboration, the joint venture has new meaning, experts say, because of the willingness by SK and GS to share key corporate infrastructure [...]
SEJONG, Nov. 29 (Korea Bizwire) – Discount gas stations have had little to no impact on overall gas prices since they were introduced about five years ago, a report showed Monday. The country’s state-run Korea National Oil Corp. (KNOC) introduced the discount gas stations in late 2011 to sell car fuel at cheaper prices as [...]
SEOUL, Sept. 22 (Korea Bizwire) – Gas stations are closing down in greater numbers and at a quickened pace from a profit squeeze in a market that has become too competitive, industry officials said Thursday. People had jumped into the filler station business that until a few years ago was highly lucrative. The market entry [...]
SEOUL, March 16 (Korea Bizwire) – When you fill up your car at a gas station, you can easily smell the gasoline. However, the smell of the oil mist includes toxic materials, and they can severely damage the air quality in the surrounding neighborhood. To reduce air pollution resulting from daily activities such as filling [...]
![[Kobiz Feature] Hard Times to Be a Gas Station Owner](http://koreabizwire.com/wp/wp-content/uploads/2014/02/12405694_m-800x533.jpg "[Kobiz Feature] Hard Times to Be a Gas Station Owner")
SEOUL, Korea, Jan 9 (Korea Bizwire) – Only a decade ago, anyone who owns a gas station was considered one of local worthies. But today gas station operators are having a hard time even to stay in the black. Some of them go out of business or try hard to sell their properties before it’s too late. [...]