Olive oil price from major retailers in Korea rose by more than 30 percent earlier this month due to the impacts of climate change.
Korea’s gas prices surged and the stock market tumbled amid heightened geopolitical tensions in the Middle East.
S-Oil has donated 560 million won ($405,000) to injured firefighters and the families of those who died on duty as part of its "Hero Firefighter Campaign."
Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. Analysts say the momentum could carry prices higher.
The South Korean government will bolster monitoring of foreign exchange rates and oil supply chains in the aftermath of Iran's attack on Israel on Saturday.
The Bank of Korea maintained its interest rate at 3.5 percent amid uncertainties about inflation and global oil prices. A rate cut could be possible starting in July.
S-Oil has been given the stamp of approval for its sustainable aviation fuel from the International Sustainability and Carbon Certification initiative.
South Korea and the United States launched a bilateral task force to more effectively block key resources and funding for North Korea’s nuclear and missile development, the Foreign Ministry announced Wednesday.
S-Oil donated 330 million won ($250,569) to the Korea National Council on Social Welfare on Wednesday as part of its charity campaign for the socially vulnerable in local communities.
The oil refiner retained the main title, and its eighth top spot within its industry, for its social and future-oriented growth considerations.
Korea JoongAng Daily Sitemap