SEOUL, May 17 (Korea Bizwire) — South Korean airlines said Friday they will lower fuel surcharges on international routes next month to reflect a recent decline in jet fuel prices. Starting June 1, the surcharge for one-way tickets on Korean Air Co.’s international routes will be lowered to the range of 18,200 won-144,100 won (US$13-$106), [...]
SEOUL, May 17 (Korea Bizwire) — A recent court ruling against striking doctors will likely accelerate the government’s push to markedly raise medical school admissions, but doctors have vowed not to back down to continue a standoff despite deepening chaos in the health care system. On Thursday, the Seoul High Court rejected a request from [...]
SEOUL, May 17 (Korea Bizwire) – Two companies that supply semiconductors to China have entered Samsung Electronics’ list of five top revenue sources, underscoring the growing importance of the Chinese market for the South Korean tech giant. According to Samsung’s quarterly report disclosed on May 16, its five biggest revenue drivers in the first quarter were [...]
SEOUL, May 17 (Korea Bizwire) – LG Electronics is experiencing robust growth in its appliance subscription service, with projections indicating the company will reach the 1 trillion won sales mark for the first time this year in this burgeoning sector. In its first-quarter report released on May 16, LG Electronics announced that its appliance subscription business [...]
SEOUL, May 17 (Korea Bizwire) – Shinsegae Live Shopping, a leading home shopping platform in South Korea, has introduced an industry-first ‘AI Broadcast Summary’ service that leverages artificial intelligence to directly analyze and summarize live broadcasts, the company announced on May 16. This innovative service employs AI technology to identify key product features and points of [...]
SEOUL, May 17 (Korea Bizwire) – Samsung Electronics announced on May 16 that it is introducing a ‘Gift Funding’ campaign to cater to consumers who desire practical gifts for special occasions. Building upon last year’s successful ‘Bespoke Wedding Funding’ initiative targeted at engaged couples, the company has expanded the scope to encompass a broader range of [...]
SEOUL, May 17 (Korea Bizwire) – Much-anticipated pit stops, witnessed just once a year by fans at South Korea’s premier motorsports event, the Superrace Championship, will unfold at the Korea International Circuit (KIC) in Yeongam, South Jeolla Province, on May 19. During the Super 6000 class final of the 2024 O-NE Superrace Championship’s third round, mechanics [...]
VICTOR, N.Y., May 16 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Bill Newlands, President and Chief Executive Officer, and Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024 in [...]
Opal Lee and the Juneteenth movement Arrive in Japan Fort Worth, Texas, May 16 (Korea Bizwire) — Unity Unlimited, Inc. announced that Dr. Opal Lee, who recently received her eighth honorary doctorate from SMU and the Presidential Medal of Freedom earlier this month, starting Tuesday, May 14, 2024 for a 10 day tour of Tokyo, [...]
SEOUL, May 16 (Korea Bizwire) – With the ranks of pet owners swelling in South Korea, pharmaceutical companies are increasingly turning to this burgeoning market as a new frontier for growth, rolling out a diverse array of products ranging from medications to health supplements for furry companions. According to industry sources on May 14, Dong-A Pharmaceutical [...]