SEOUL, April 24 (Korea Bizwire) – As the recent boom in tourism is invigorating the airline industry, growing demand for flights is leading to a continuous outflow of pilots from major South Korean airlines to both their domestic and international competitors. Unlike in the past, when Korean Air and Asiana Airlines almost exclusively dominated the market, [...]
SEOUL, April 24 (Korea Bizwire) – Around 9,500 female drivers on Jeju Island, also known as haenyeo, are set to found an association tomorrow that will be dedicated to celebrating and promoting the legacy of haenyeo culture around the world. The news of the foundation of an incorporated association consisting of 4,500 active and 5,500 [...]
SEOUL, April 24 (Korea Bizwire) – South Korea and the United States will hold working-level consultations later this week on a broad range of alliance issues including North Korea’s military threats, Seoul’s defense ministry said Monday. The two sides are scheduled to open the two-day Korea-U.S. Integrated Defense Dialogue (KIDD) meeting in Washington D.C. on [...]
SEOUL, April 24 (Korea Bizwire) – Jeju Air, a South Korean low-cost carrier (LCC), will expand its fleet size to 32 planes by December with the aim of serving 10 million passengers annually, the company said Monday. On Sunday, the 29th plane ordered by the Jeju Island-based budget carrier arrived at Gimpo International Airport. The [...]
SEOUL, April 24 (Korea Bizwire) – The niche insurance market in South Korea is growing as an increasing number of insurance companies are trying to cover the growing needs of people with different interests, such as twenty-somethings, pet owners, golf enthusiasts, and hikers to name a few. As more and more South Korean households have a [...]
SEOUL, April 24 (Korea Bizwire) – Tourists prefer different attractions in South Korea depending on where they are from, with those from Asian countries favoring shopping districts like Myeong-dong, while westerners typically prefer historic sites like Gyeongbokgung Palace, a recent report from the Ministry of Culture, Sports and Tourism (MCST) revealed. According to the report released [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korean telecom provider LG Uplus has teamed up with Novita, the bidet maker with the largest market share in the country, to release a new bidet that comes with IoT technology, the mobile network announced yesterday. The new bidet, scheduled to be released next month, is the first [...]
SEOUL, April 24 (Korea Bizwire) – A vertical marathon race dubbed Sky Run was held at Lotte World Tower yesterday. During the international marathon event held at the newly opened landmark building in Seoul’s Songpa District, over 900 participants from around the world raced up 123 floors to the top of the towe – 2,917 stairs [...]
WASHINGTON, April 24 (Korea Bizwire) – Tensions with North Korea haven’t had any significant impact on South Korea’s trade and investment, and a sharp rise in U.S. interest rates is a major risk for Asia’s fourth largest economy going forward, an International Monetary Fund official said Friday. “So far, we have not seen any significant impact on South Korea’s trade investments,” Markus Rodlauer, deputy director of the Asia-Pacific department at the IMF, said [...]
SEOUL, April 24 (Korea Bizwire) – Psy of the 2012 pop sensation “Gangnam Style” will release his eighth full-length album next month marking his comeback after a hiatus of a year and a half, his agency said Friday. YG Entertainment said the South Korean singer-rapper, whose real name Park Jae-sang, has finished filming two accompanying music videos. The company previously said that [...]