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. [...]