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GS Units Partner with U.S. Mobility Startup Lime

GS Units Partner with U.S. Mobility Startup Lime

SEOUL, Nov. 19 (Korea Bizwire) – Two affiliates of energy and construction-centered GS Group said Tuesday they have formed a partnership with U.S. micro-mobility startup Lime to offer better mobility services using their infrastructure. GS Caltex Corp., a major refiner, and GS Retail Co., the group’s retail business affiliate, will provide charging services for Lime’s [...]

GS Caltex and SK Energy Launch Smart Storage Service at Gas Stations

GS Caltex and SK Energy Launch Smart Storage Service at Gas Stations

SEOUL, Dec. 10 (Korea Bizwire) — GS Caltex Corp. and SK Energy Co., South Korea’s leading refiners, have teamed up to launch QBoo, a smart storage service found at gas stations. QBoo allows parcel exchanges, buying and selling second-hand goods, and storing laundry and other goods, using storage lockers. This will increase the inflow of customers at [...]

Homepick to Launch New Delivery Service to Reach Consumers “Within an Hour”

Homepick to Launch New Delivery Service to Reach Consumers “Within an Hour”

SEOUL, Jul. 17 (Korea Bizwire) — Homepick, a joint venture by local energy giants SK Energy and GS Caltex to provide delivery service based on their network of gas stations, is defined by the following tagline: “We deliver within an hour if you’re home.” In the past, delivery service customers had to either wait at [...]

Oil Giants Team Up for Delivery Service

Oil Giants Team Up for Delivery Service

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 [...]

Major Refiners Bask in Decent Q1 Profit, Set to See Another Opbeat Result

Major Refiners Bask in Decent Q1 Profit, Set to See Another Opbeat Result

SEOUL, May 15 (Korea Bizwire) — South Korean oil refiners, led by top player SK Innovation Co., logged decent earnings in the first quarter of the year on the back of robust petrochemical business, and expect their bottom line to remain firm under the current quarter thanks to the recovery of their refining margin, industry [...]

Koreans Consume More Refined Oil Products on Low Crude Price

Koreans Consume More Refined Oil Products on Low Crude Price

SEOUL, June 3 (Korea Bizwire) — South Korea’s consumption of refined oil products rose solidly this year on low crude prices, industry data showed Wednesday, providing some relief to local refiners struggling to cope with slumping exports. Domestic consumption of refined petroleum products reached 283.7 million barrels in the January-April period, up 4.7 percent from [...]