NEW YORK, Sept. 10 (Korea Bizwire) — Pacific General, a New York based investment firm specializing in consumer and industrials private equity investments with a cross-border value creation strategy, announced that it has sold its stake in Playa Bowls, the largest superfruit bowl franchise restaurant concept in the U.S., to Sycamore Partners. Founded in 2014, [...]
SEOUL, Sept. 10 (Korea Bizwire) – A recent analysis has revealed that South Korean mobile carriers are charging more for LTE (4G) phone plans than for 5G plans, despite offering less data and slower speeds. This pricing strategy has raised concerns about fairness and potential overcharging of consumers. Rep. Choi Su-jin of the People Power Party, [...]
SEOUL, Sept. 10 (Korea Bizwire) — Kia Corp. has ranked first among automotive brands operating in India in terms of overall customer experience, the South Korean company said Tuesday, citing local industry data. According to Kia, the company ranked first, with a score of 45.84 percent, in the overall customer experience index survey conducted by [...]
SEOUL, Sept. 10 (Korea Bizwire) – The disparities in South Korea’s apartment market are becoming increasingly pronounced, with a widening gap between the capital region and other parts of the country, according to a recent report on real estate auctions. Data released on September 9 by GG Auction, a specialist in foreclosure and public auction information, [...]
HANGZHOU, China, Sept. 10 (Korea Bizwire) — Alibaba Group’s AliExpress said Tuesday it will step up marketing campaigns in South Korea with an aim of securing more than half of online shopping platform users in South Korea within three to five years. In a press conference held in Hangzhou, AliExpress Korea Chief Executive Ray Zhang [...]
SEOUL, Sept. 10 (Korea Bizwire) – A comprehensive survey released on September 9 reveals that golf has become increasingly popular in South Korea, with nearly 17% of adults participating in the sport at least once last year. The Korea Golf Association (KGA) conducted a nationwide study of 10,000 adults aged 20 to 70 across 17 cities [...]
SEOUL, Sept. 10 (Korea Bizwire) — Taihan Cable & Solution Co., South Korea’s second-biggest cable company, said Tuesday it has completed building a fiber optic cable plant in Kuwait to expand into the Middle East market. Under a partnership with local builder Rank General Trading and Contracting Co., Taihan Cable has built the plant, the [...]
SEOUL, Sept. 10 (Korea Bizwire) – In a tech-savvy approach to curbing public smoking, Seoul’s Seocho District is launching an innovative QR code-based service on September 9 to help residents and visitors locate designated smoking and non-smoking areas. The service, which expands on a pilot program initiated last year, allows users to scan QR codes on [...]
SEOUL, Sept. 10 (Korea Bizwire) — Overnight temperatures in Seoul stayed above 25 C, marking the season’s latest tropical night since meteorological observation began, the state weather agency said Tuesday. The lowest nighttime temperature overnight in the capital city was 25.6 C at 6 a.m., another tropical night that refers to a phenomenon where temperatures [...]
SEOUL, Sept. 10 (Korea Bizwire) – President Yoon Suk Yeol said Tuesday the government will temporarily raise health insurance payments to hospitals for the upcoming Chuseok holiday to better reward their services and to prevent disruptions in emergency medical care. During a Cabinet meeting, Yoon addressed concerns over possible disruptions to the medical system during [...]