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Asiana Airlines Q3 Net Plunges 81% Due to Lower China Demand

Asiana Airlines Q3 Net Plunges 81% Due to Lower China Demand

SEOUL, Nov. 9 (Korea Bizwire) – Asiana Airlines Inc., South Korea’s second-largest airline by sales, said Thursday its third-quarter net profit plunged 81percent, hit by lower demand from China. Its heavy dependence on travel demand from China and other Asian countries resulted in poor performance in the July-September period. Net profit for the three months nosedived to 28.8 billion won (US$26 million) from 152.6 billion won a year earlier, the company said [...]

iPhone 8 with Swelling Battery Reported in South Korea

iPhone 8 with Swelling Battery Reported in South Korea

SEOUL, Nov. 9 (Korea Bizwire) – A South Korean smartphone retailer on Thursday reported that a new iPhone 8 smartphone produced by U.S.tech giant Apple Inc. was found to have a seemingly swollen battery, causing concerns about safety. There have been a number of reports related to battery-swelling problems surrounding Apple’s new flagship smartphone since its global release in September. The iPhone 8 was launched in the South Korean market earlier this [...]

LG Rolls Out Assistant Robots at Starfield Hanam

LG Rolls Out Assistant Robots at Starfield Hanam

SEOUL, Nov. 9 (Korea Bizwire) — LG Electronics is introducing assistant robots at one of the biggest shopping malls in South Korea. The robots will be serving as helpers to provide information to visitors and help them locate stores and other facilities at the mall. “Two of our assistant robots have been deployed for an on-site [...]

Ministry of Fisheries Launches K·FISH Brand in U.S.

Ministry of Fisheries Launches K·FISH Brand in U.S.

SEOUL, Nov. 9 (Korea Bizwire) – The Ministry of Oceans and Fisheries is set to hold a launch event for its new brand ‘K·FISH’ as part of efforts to boost sales of South Korean seafood products. The fisheries ministry announced on Wednesday plans for the K·FISH brand launch event in Los Angeles, which will be [...]

Foreign Carmakers Refuse to Recall Faulty Takata Airbags in Korea

Foreign Carmakers Refuse to Recall Faulty Takata Airbags in Korea

SEOUL, Nov. 9 (Korea Bizwire) — Despite massive recalls of Takata airbags that have been labeled as ‘dangerous’ in other countries, a number of foreign automobile manufacturers are refusing the South Korean government’s request to follow suit. According to the Ministry of Land, Infrastructure and Transport on Tuesday, 14 out of 17 car manufacturers in South [...]

Local Governments Turn to Storytelling to Boost Food Product Sales

Local Governments Turn to Storytelling to Boost Food Product Sales

ANDONG, Nov. 8 (Korea Bizwire) – Local governments are increasingly using storytelling to strengthen their brand and boost sales of local food products amid growing competition. Yecheon County in North Gyeongsang Province is among the local communities in South Korea where efforts are being put in place to boost sales of locally sourced food and [...]

South Korea Planning to Issue More Long-Term Treasury Bonds

South Korea Planning to Issue More Long-Term Treasury Bonds

SEJONG, Nov. 8 (Korea Bizwire) – South Korea’s finance minister said Wednesday that he will gradually expand the issuance of longer-term Treasury bonds in a bid to raise government funds for fiscal projects in a more reliable manner. “The South Korean government will increase the percentage of long-term state bonds in order to finance mid- and long-termfiscal plans on a stable basis and to keep up with the fast-changing market demand,” Finance Minister Kim Dong-yeon said in [...]