SEOUL, Oct. 3 (Korea Bizwire) – Gas stations are undergoing a transformation, evolving from spaces where vehicles are refueled with gas to multifunctional spaces with a variety of features. The profitability of gas stations has been on a downward trend due to the widespread adoption of electric vehicles (EVs), prompting gas station operators to seek ways [...]
SEOUL, May 19 (Korea Bizwire) — South Korean refiner HD Hyundai Oilbank Co. has announced its plan to sell DEVELON mini excavators at its gas stations. This initiative, in collaboration with construction machinery manufacturer HD Hyundai Infracore Co., aims to expand the sales channels for mini excavators and generate revenue through brokerage fees. Mini excavators [...]
SEOUL, Dec. 26 (Korea Bizwire) — SK Energy Co., South Korea’s leading oil refinery and gas station operator, is teaming up with internet portal giant Naver Corp. to convert gas stations into urban logistics bases armed with state-of-the-art technology. The two companies recently signed a business agreement to promote cooperation in developing and establishing logistics [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korean refiner Hyundai Oilbank Co. said Thursday it will introduce the nation’s first game-themed gas station. Hyundai Oilbank, gaming giant Nexon Co. and local fashion brand Peaches collaborated on opening a PARTS Oilbank gas station in Hannam-dong, Seoul using the intellectual property from Nexon’s hit online game “KartRider.” [...]
SEOUL, Nov. 29 (Korea Bizwire) — The Seoul Metropolitan Government said Monday it will start an experimental project to transform gas stations into logistics hubs of the future. The growing popularity of online transactions and diversifying logistics channels have resulted in higher demand for distribution, but warehouses and logistics complexes in the capital city only [...]
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 [...]