Home

The Korea Herald

Latest news

Most Popular

  1. 1

    1 in 3 Koreans live alone, family types becoming diverse

    1 in 3 Koreans live alone, family types becoming diverse
  2. 2

    Korea, Japan finance chiefs vow to tame rampant FX market volatility

    Korea, Japan finance chiefs vow to tame rampant FX market volatility
  3. 3

    US 'incredibly concerned' about suspected NK-Iran military ties

    US 'incredibly concerned' about suspected NK-Iran military ties
  4. 4

    K-pop group's manager dismissed for setting up spycam in theater dressing room

    K-pop group's manager dismissed for setting up spycam in theater dressing room
  5. 5

    K-pop singer lost consciousness after being hit by foul ball, cancels show

    K-pop singer lost consciousness after being hit by foul ball, cancels show
  1. 6

    Korean Muslim YouTuber's plan to build mosque in Incheon goes viral

    Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
  2. 7

    Why is Apple Pay struggling to get purchase in Korea?

    Why is Apple Pay struggling to get purchase in Korea?
  3. 8

    Yoon's office denies considering liberal figures for key posts

    Yoon's office denies considering liberal figures for key posts
  4. 9

    Seoul says Fu Bao loan 'not going to happen'

    Seoul says Fu Bao loan 'not going to happen'
  5. 10

    [Today’s K-pop] BTS pop-up event to come to Seoul

    [Today’s K-pop] BTS pop-up event to come to Seoul
피터빈트

GS Caltex partners with Petrolimex Saigon for gas station operations

By Kim Da-sol

Published : Sept. 27, 2019 - 15:06

    • Link copied

GS Caltex said Friday it has signed a memorandum of understanding with Vietnam’s Petrolimex Saigon to share its expertise in operating gas stations. 

State-run oil business Petrolimex runs more than 5,200 gas stations in Vietnam, with a presence in all 63 provinces of the country. It launched Vietnam’s first self-service gas station in Ho Chi Minh City in January.

Huh Cheol-hong (second from left), vice president of GS Caltex Business Innovation, Nguyen Van Canh (third from left), president of Petrolimex Saigon, and Hur Joon-hong (fourth from left), executive vice president of GS Caltex Lubricants Business, pose for a photo during a meeting at the Petrolimex Saigon office in Vietnam. (GS Caltex) Huh Cheol-hong (second from left), vice president of GS Caltex Business Innovation, Nguyen Van Canh (third from left), president of Petrolimex Saigon, and Hur Joon-hong (fourth from left), executive vice president of GS Caltex Lubricants Business, pose for a photo during a meeting at the Petrolimex Saigon office in Vietnam. (GS Caltex)

Under the agreement, GS Caltex will share its know-how on gas station operations in terms of technology and services, such as fueling, maintenance and car wash, based on its expertise in the domestic oil market. 

The Korean oil refiner said the two companies will also cooperate to develop offline businesses at Petrolimex Saigon’s gas stations by introducing its auto maintenance franchise autoOasis.

“The agreement provides us with an opportunity to enter the fast-growing Vietnamese market. Starting from Vietnam, we will continue to consider ways to expand our business to other ASEAN countries,” said a GS Caltex official.

By Kim Da-sol (ddd@heraldcorp.com)

More from Headlines