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T Map Mobility, Kakao Make Forays into ‘Middle-Mile’ Market

T Map Mobility, Kakao Make Forays into ‘Middle-Mile’ Market

SEOUL, Jan. 19 (Korea Bizwire) — The local market for middle-mile delivery, a business-to-business (B2B) logistics that delivers goods from factories to logistics warehouses or sales outlets by truck, is emerging as a new battleground for mobility platforms. T Map Mobility, a mobility unit under telecom operator SK Telecom Co., acquired a 100 percent stake [...]

POSCO International Recommended Corporate Responsibility over Indonesia’s Palm Oil Biz

POSCO International Recommended Corporate Responsibility over Indonesia’s Palm Oil Biz

SEOUL, Jan. 18 (Korea Bizwire) — South Korea on Tuesday recommended POSCO International Corp. exercise greater corporate social responsibility over its palm oil business in Indonesia following a complaint by civic groups about its alleged adverse impacts on the environment. The Korean National Contact Point (KNCP) for the Organization for Economic Cooperation and Development (OECD) [...]

Non-alcoholic Beer Enjoys Rising Popularity in Pandemic Era

Non-alcoholic Beer Enjoys Rising Popularity in Pandemic Era

SEOUL, Jan. 18 (Korea Bizwire) – Since the outbreak of the coronavirus, South Korea’s non-alcoholic beer market has been growing at a blistering pace thanks to an increase in the number of health-conscious consumers and the growth of the drinking-at-home culture. Hite Jinro Co., the country’s second-largest beverage company, had been selling between 6 and 7 million [...]

HDC Hyundai Development Chairman Offers to Resign over Gwangju Apartment Building Collapse

HDC Hyundai Development Chairman Offers to Resign over Gwangju Apartment Building Collapse

SEOUL, Jan. 17 (Korea Bizwire) — The chairman of major South Korean real estate developer HDC Hyundai Development Co. offered to step down Monday to take responsibility for a recent accident at its construction site that left one worker dead and five others missing. Chung Mong-gyu made the statement six days after part of the [...]

Korean Air, Asiana Push to Reduce Outstanding Mileage Before Merger

Korean Air, Asiana Push to Reduce Outstanding Mileage Before Merger

SEOUL, Jan. 17 (Korea Bizwire) — Amid a decline in the number of passengers on international routes due to the aftereffects of the COVID-19 pandemic, South Korea’s two full-service carriers, Korean Air Lines Co. and Asiana Airlines Inc., which are scheduled to be merged, are expanding the scope of mileage redemption policies as part of [...]

Regulator to End Review of Hyundai Heavy’s Proposed Takeover of Shipbuilder

Regulator to End Review of Hyundai Heavy’s Proposed Takeover of Shipbuilder

SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s antitrust regulator said Friday it will end its deliberation of Hyundai Heavy Industries Group’s proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., as the company withdrew its tie-up review proposal following the veto by European authorities. The European Commission vetoed Hyundai’s proposed merger [...]