Building a world of
resilient communities.



S.Korea - Many Gas Stations Going Out of Business

An increasing number of gas stations are shutting down in South Korea largely attributed to the prolonged economic slump and protracted high oil price trend.

According to the Korea Oil Station Association (KOSA) Monday, 88 gas stations closed in Korea between January and September this year. Only 76 gas stations closed during the same period a year earlier.

KOSA said of the 11,402 gas stations nationwide, 20 gas stations closed in Kyonggi Province, 14 in South Cholla Province, 10 in Seoul, nine in North Cholla Province, six South Kyongsang Province and a combined five in Pusan, Taegu, Taejon and North Chungchong Province.

The number of gas stations in Seoul reduced sharply from 886 at the end of 1996 to 739 at the end of last year and to 729 at the end of last September.

Meanwhile, KOSA said there are a total of 111 gas stations laying idle across the nation. The number of gas stations that suspended their businesses due to low profitability was the greatest in Kangwon Province with 21, trailed by North Chungchong Province with 20, South Cholla Province with 14, North Kyongsang Province with 14, Kyonggi Province with 11 and South Kyonggi Province with 10.

``The continued economic slowdown and high price trend of gasoline have significantly worsened profitability of local gas stations, leaving companies with no choice but to abandon the oil station business for their subsistence. The decrease in the number of gas stations in Seoul region is more striking because of the higher wage level and land prices,'' said a KOSA official.

Editorial Notes: Published by Korea Times 8 Nov. -LJ

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.


This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.

The Meaning of Brexit: It's the Movement

And so there is another meaning, that Brexit represents both an explicit and …

Disabled People Lead the Fight Against Austerity

While the attack on peoples’ lives through social welfare cuts …

Patterns of Commoning

Just like farmers, we cannot really know how big and copious the harvest …

A Conversation with RSF Social Finance CEO Don Shaffer

"People get buried in a blizzard of financial terms that …

The Privilege of Being Privileged

The Ford Foundation believes we have an obligation to strengthen capitalism. …

Prop. 51 Versus a State-Owned Bank: How California Can Save $10 Billion on a $9 Billion Loan

However, there is a much cheaper way to fund this $9 billion school debt. By …

How Democracy Collaborative Will Create 50 Million Employee Owners by 2050

There are currently an estimated 10 million employee owners in the U.S. What …