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 [...]
SEOUL, March 17 (Korea Bizwire) — South Korean companies’ earnings for 2014 dropped sharply on weak domestic demand and the strong local currency, but their bottom lines were found to have actually improved when tech giant Samsung Electronics and oil refiners were excluded from calculations, data showed on Tuesday. According to the data compiled by [...]
SEOUL, March 16 (Korea Bizwire) – A search dog and his handler are being recognized for excellent teamwork, which helped them find four survivors and recover three bodies last year. They were responsible for more than one quarter of the overall number of lost casualties found by the 22 search dogs and their handlers assigned [...]
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 [...]
SEOUL, Jan. 20 (Korea Bizwire) – Hanjin Energy Co. has sold all of its stake in South Korean refiner S-Oil Corp to Saudi Aramco’s overseas unit, the refiner said Tuesday, in a deal aimed at easing financial troubles at the energy firm’s parent company.The stake sale came six months after Hanjin Energy, an affiliate owned [...]
![[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. [...]
SEOUL, Korea, Oct 22 (Korea Bizwire) – Today’s is the world in which ideas rule the roost. The same product or service can improve its value significantly if an interesting idea can be added to it. This is more so in the area of marketing. At a time when so many companies are languishing in [...]