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Virus Outbreaks Hit Key Plants in S. Korea, Production Loss Feared

Virus Outbreaks Hit Key Plants in S. Korea, Production Loss Feared

SEOUL, Nov. 30 (Korea Bizwire) — A series of new coronavirus outbreaks have been reported at major industrial plants amid growing concerns about production losses, companies said Monday. COVID-19 infections have affected production and sales at local manufacturers this year. Kia Motors Corp., the country’s second-biggest carmaker, suspended two of its three plants in Gwangju, [...]

Incheon Airport Reports Higher than Expected Parking Revenue

Incheon Airport Reports Higher than Expected Parking Revenue

SEOUL, Nov. 30 (Korea Bizwire) — Incheon International Airport, the country’s main gateway, reported higher than expected parking revenue this year despite the prolonged outbreak of the COVID-19 pandemic and the sharp decline in the number of users, its operator said Sunday. The number of cars that used the airport’s parking lots in the first [...]

Korean Air’s Asiana Takeover Requires Regulatory Approval from 4 Countries

Korean Air’s Asiana Takeover Requires Regulatory Approval from 4 Countries

SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s biggest carrier Korean Air Lines Co.’s planned acquisition of the debt-laden Asiana Airlines Inc. requires approval from antitrust authorities in at least four other countries, industry sources said Sunday. According to the aviation industry sources and the Fair Trade Commission (FTC), the planned merger requires review from [...]

COVID-19 Brings Changes to S. Korean Beer Market

COVID-19 Brings Changes to S. Korean Beer Market

SEOUL, Nov. 27 (Korea Bizwire) – With the spread of the COVID-19 pandemic preventing people from enjoying get-togethers and socializing in general, the South Korean beer market is undergoing a dramatic change. In a nutshell, the sales volume of beer for home consumption now exceeds that of beer selling at bars and restaurants. “For our products, traditionally, [...]

Daewoo Shipbuilding Succeeds in Ship-to-ship LNG Loading Test

Daewoo Shipbuilding Succeeds in Ship-to-ship LNG Loading Test

SEOUL, Nov. 26 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. said Thursday that it has succeeded in a ship-to-ship liquefied natural gas (LNG) loading test for the first time in the global shipbuilding industry. The ship-to-ship LNG loading test was aimed at streamlining procedures to verify the safety of newly built LNG carriers’ [...]