SEJONG, March 28 (Korea Bizwire) — South Korea’s energy imports spiked more than 85 percent this year on soaring international prices, government data showed Monday, burdening the country’s trade balance and consumer inflation. The country’s imports of oil, natural gas and coal came to US$38.49 billion from Jan. 1-March 20, up 85.4 percent from a [...]
SEOUL, Sept. 8 (Korea Bizwire) — A new form of inspection that will minimize person-to-person contact will replace regular gas safety checks starting next year. The Korea Gas Safety Corp. (KGS) announced on Monday that it is introducing the KGS Smart Inspection System, which uses a portable inspection device to carry out gas safety checks [...]
BUSAN, July 26 (Korea Bizwire) – The Ministry of Public Safety and Security scheduled an emergency safety inspection meeting Tuesday joined by the Ministry of Environment, Ministry of Trade, Industry & Energy, and Korea Gas Safety Corporation, regarding the mysterious gas odor that swept across Busan on July 21 and Ulsan on July 23. A [...]
SEOUL, July 11 (Korea Bizwire) – Flatulence can be an awkward, abashing subject to talk about, which is probably why there’s a fairly good number of myths surrounding it: Farting causes global warming, farting on pillows can cause pink eye, holding your gas for too long can cause your stomach to explode, et cetera. But [...]
BOCA RATON, Fla., Mar. 11 (Korea Bizwire) — Nasdaq announced the establishment of a new energy futures market with the support of leading commodities participants. Nasdaq Futures (NFX) will offer competitive pricing, an innovative clearing solution and high-performance technology for futures and options based on key energy benchmarks including oil, natural gas and US power, [...]
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 [...]
![[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. [...]