Narendra Modi’s economy isn’t booming for India’s unemployed youth 
HSBC Reportedly Axing Dozens of Additional Investment Banking Jobs in Asia 
‘They don’t have enough’ – schools in England are running food banks for families 
Vladimir Putin’s gold strategy explains why sanctions against Russia have failed 
Google Fired Workers Protesting Over Cloud Contract Deal With Israel 
Taxes aren’t just about money – they shape how we think about each other 
Industry shutdowns are messy and painful: 4 lessons Australia’s coal sector can learn from car-makers about bowing out 
Amazon Ditches Its ‘Just Walk Out’ Cashierless Shopping Tech, Decides to Offer the System to Other Stores 
Tokyo's Iconic Starbucks Overlooking Shibuya Scramble Crossing Reopens with Fresh Design 
Food prices will climb everywhere as temperatures rise due to climate change – new research 
United Airlines to Receive Compensation from Boeing for 737 MAX Grounding 
Naver Pay, Billboard Ink MOU for Fintech-Entertainment Services; Billboard Korea to Launch in June 
Tesla Announces Major Layoffs in US, China, and Germany Amid Sales Slump 
Samsung Touts AI as Game-Changer in Outpacing Apple with Innovative Home Appliances 
GS Caltex, a South Korean oil refiner and energy company inked a deal with the Korean unit of IKEA, a furniture retail chain, to launch a pickup service at gas stations. For starters, it was mentioned that the first service center would open in one of the gas stations in Gangnam, Seoul.
As per The Korea Herald, GS Caltex and IKEA Korea will initially open one pickup station and they have plans to open more. They are reported to be looking at expanding the project across the nation later this year.
The partnership to launch the service will offer convenience and the benefit of lower delivery fees. This is because the pickup stations are projected to cut the furniture delivery fees and reduce it to only ₩19,000.
Based on the report, IKEA Korea has high delivery fees due to the size and weight of the furniture and other products it sells. GS Caltex stated that its move to team up with the furniture company comes as the number of online shoppers who also avail of the pickup service has grown during the COVID-19 pandemic. The energy firm added that with its new offering, in partnership with IKEA, it is hoping that the reduced delivery fees will attract more customers.
“Gas stations are great in terms of load space but also for logistics vehicles to enter,” a GS Caltex official said. “They are everywhere around the country, making them a good fit for a logistics hub.”
After launching the service in Gangnam, IKEA Korea may add more pickup points in Daegu, Daejeon, Cheonan, Pyeongtaek, and Changwon. The number of GS Caltex’s gas stations is very beneficial and ideal for the pickup service for the furniture seller.
Meanwhile, Aju Business Daily reported that online shopping customers of IKEA Korea could choose to pick up their orders at GS Caltex gas stations. By the end of this year, the companies in this joint venture may have already put up at least six pickup points and charge just ₩19,000 per delivery to the station. This surely offers big savings to customers as the normal minimum delivery fee is around ₩59,000 or $49.70.
