South Korea’s SK Energy will subsidize its gas stations to cope with high oil prices
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SK Energy will invest up to 20 billion Korean won each month to support 2,500 branded franchise gas stations nationwide, while directly operated gas stations are not eligible for subsidies. SK Energy stated that this subsidy is aimed at ensuring stable supply of refined oil products and assisting in the implementation of the Korean government's energy stability policies. The company revealed that, over the past two months, about 80 gas stations across Korea have suspended operations or closed permanently.
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