GS Caltex Archives | Be Korea-savvy
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 [...]

Korean Refiners to Get Back Money as Supreme Court Overturns the Previous Ruling

Korean Refiners to Get Back Money as Supreme Court Overturns the Previous Ruling

SEJONG, Feb. 10 (Korea Bizwire) – South Korea’s antitrust watchdog said Tuesday it will abide by a Supreme Court ruling that would force it to give back 119.2 billion won (US$109.2 million) it took as fines from two local oil refiners who were accused of distorting free market competition. The court overturned actions taken by [...]

Opposition Lawmaker Calls for Rollback of Foreign Investment Encouragement Law

Opposition Lawmaker Calls for Rollback of Foreign Investment Encouragement Law

“The Ministry of Trade, Industry and Energy said on January 1 this year there will be additional job creation effects of 14,000 more jobs as well as foreign investment of more than 2.3 trillion won. For 11 months since the law’s revision, however, there has been almost no new foreign investment.” “The number of new [...]