SEOUL, Feb.28 (Korea Bizwire) – With price wars between large discount stores and social commerce sites heating up, baby formula is in the limelight. As formula is being purchased more frequently through online sites, the share of offline sales is rapidly falling. This is the main reason why large discount stores such as Emart and [...]
SEOUL, Feb.28 (Korea Bizwire) – The launch of the third stage of a new program that allows customers to transfer bank accounts with the click of a mouse saw a flood of account inquiries. According to the Korea Financial Telecommunications and Clearings Institute (KFTCI), more than 390,000 account transfer inquiries were recorded. The numbers were [...]
SEOUL, Feb.26 (Korea Bizwire) – Line, an affiliate of Naver that provides mobile messaging services, announced that it is setting foot in the Indonesian O2O (online to offline) market in alliance with a local motorcycle taxi service. ‘Go-JEK’, the Indonesian affiliate of Line, is the No.1 business in motorcycle taxi services. The company operates 200,000 [...]
SEOUL, Feb.26 (Korea Bizwire) – CJ CGV has announced that it will be modifying its movie ticket prices based on the seats and time of screening. Movie tickets will differ in price depending on where the seats are located, just like concerts, musicals, operas and sports tickets. In addition, each day will be divided into [...]
SEOUL, Feb. 26 (Korea Bizwire) – South Korea selected a consortium led by U.S. casino operator Mohegan Sun as the winner of an integrated resort project, the tourism ministry said Friday, allowing one more casino on the western gateway island of Yeongjong. Mohegan’s bid with South Korean chemicals maker KCC Corp. envisions US$1.6 billion investment [...]
SEOUL, Feb. 26 (Korea Bizwire) – Korean Air Lines Co., South Korea’s largest flag carrier, said Friday that it reached a code-sharing agreement with India’s Jet Airways that will enhance passenger convenience. Code-sharing flights allow one carrier to sell its tickets on another’s flights. It is aimed mostly at boosting revenue by increasing passenger seats [...]
UIJEONGBU, Feb.26 (Korea Bizwire) – After Uijeongbu in Gyeonggi Province adopted a public library-bookstore membership point system, small neighborhood bookstores have been brought back to life. One year ago, book prices were fixed to protect small neighborhood bookstores, but the system was ineffective as it only increased prices and actually led to a drop in [...]
BUSAN, Feb.26 (Korea Bizwire) – Many cases which the police caught suspects using SNS are being reported. Now, SNS plays an important role in distributing ‘Wanted ads’, since the information spreads rapidly. A suspect who sexually harassed two little girls and was on the lam for the past seven months was finally captured thanks to [...]
SEOUL, Feb. 26 (Korea Bizwire) – A group of apartment guards facing potential layoffs took to the streets Thursday in protest of the apartment’s dismissal notification because of the introduction of a new electronic security system. Impending layoffs of security guards have been on the rise as apartment complexes across the country have already begun [...]
SEOUL, Feb. 26 (Korea Bizwire) – Producers of the American zombie drama “The Walking Dead” will film a new series in Korea for worldwide distribution, their distributor said Friday. “Five Year” is written by “The Walking Dead” executive producer and Skybound Entertainment founder Robert Kirkman, according to online TV site Viki. In the show that [...]