It's gochujang paste ... some chili oil like some Asian chili pastes are. Certainly, it does contain hot chilies, but its ingredients list also boasts rice, fermented soybeans, soy sauce, salts ...

And as a person who likes my food "Thai ... chili paste, oils and other tabletop condiments that are served in restaurants. With my plethora of chili peppers, I set out to master Thai chili oil.