[MEDIA ALERT] First refiner in South Korea to go all-in on AWS forecasts reduced IT costs of 20%, plans to launch its electric vehicle business on AWS by the end of the year and experiment with generative AI SEOUL, South Korea—November 20, 2023 — Amazon Web Services (AWS), an Amazon.com company, today announced that South Korean oil refiner HD Hyundai Oilbank has selected AWS to digitally transform, improve operations, and respond quickly to customer needs. HD Hyundai Oilbank plans to go all-in on AWS by 2024 and has started migrating the vast majority of workloads of its on-premises IT infrastructure, including more than 200 servers hosting core customer service and enterprise resource planning workloads. HD Hyundai Oilbank aims to transform its existing refining and petrochemical business into a platform for eco-friendly energy by running its mission-critical workloads on AWS. A study by 451 Research , part of S&P Global Market Intelligence, found across several geographic regions that moving on-premises workloads to AWS can lower carbon footprint workloads by nearly 80% and up to 96% once AWS is powered with 100% renewable energy, by 2025. HD Hyundai Oilbank also aims to achieve 20% IT cost reduction in the near future […]
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