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Last updated on April 18, 2014 at 9:07 EDT

Latest Yeosu Stories

2008-09-04 06:00:21

Text of report in English by South Korean news agency Yonhap [Yonhap headline: "S Korea Launches Northeast Asian 'Oil Hub' Project" by Lee Joon-seung] SEOUL, Sept. 4 (Yonhap) - South Korea on Thursday officially launched an ambitious Northeast Asian oil holding and trading hub project which is expected to generate new business opportunities and fuel related industrial growth, the government said. The Ministry of Knowledge Economy said foreign companies will invest US$271 million to...

2008-08-05 09:01:21

S. Korea aims to be Northeast Asian "oil hub" SEOUL, Aug. 4 (Xinhua) -- South Korean Vice Economy Minister Lee Jae-joon said Monday that his country aims to be become a Northeast Asian "oil hub" to create new business opportunities. The official said his country will benchmark Singapore and develop extensive petroleum refining, shipment, storage and trading capabilities to become an "oil hub" in the region. "South Korea is situated astride the main North Pacific shipping route, with...