SEOUL, Jan. 30 (Korea Bizwire) – The landscape of South Korea’s job market has shifted dramatically over the last decade, with a significant decline in the number of sales and retail positions, largely due to the growing dominance of online shopping over traditional stores. This shift has led to a noticeable reduction in personnel within the [...]
SEOUL, Jan. 29 (Korea Bizwire) – Executives of export companies believe that family business succession is crucial for the sustainability and responsible management of their enterprises. However, a recent study reveals that due to heavy tax burdens and negative social perceptions, many are contemplating selling or shutting down their businesses. A report from the Korea International [...]
SEOUL, Jan. 29 (Korea Bizwire) – KT has announced a significant 26% increase in monthly active users (MAU) of its membership program, attributed to the in-app services launched last year. Membership now encompasses a variety of services within the KT app, including ‘Genie Music’ for music streaming, ‘Blice’ for webtoons and web novels, and ‘Giftishow’ for [...]
SEOUL, Jan. 29 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Monday it has received a 230 billion-won (US$172 million) order to build a very large ethane carrier (VLEC) for a shipper in Asia. The VLEC vessel will be built at the shipyard of HD Hyundai Heavy Industries Co. in [...]
SEOUL, Jan. 28 (Korea Bizwire) – South Korea’s imports of Japanese seafood posted the biggest on-year decrease last year since 2012, a year after the Fukushima nuclear accident, data showed Sunday. South Korea imported Japanese fish and shellfish worth a combined US$151.9 million in 2023, down 12.8 percent from a year earlier, according to data [...]
SEOUL, Jan. 27 (Korea Bizwire) – Once known as the ‘people’s side dish’ for its affordability, squid is now becoming increasingly expensive. The primary cause is a significant reduction in global catch rates, exacerbated by climate change. Squid, which typically have a one-year lifespan, struggle to adapt to rapidly changing habitats, leading to a scarcity [...]
SEOUL, Jan. 27 (Korea Bizwire) –Coupang’s innovative approach of integrating its services, particularly through bundled products linked with Rocket Wow benefits, has proven to be highly effective. This strategy has led to significant achievements in both the video streaming and food delivery markets, with Coupang Play securing the second position in South Korea’s streaming market, [...]
SEOUL, Jan. 26 (Korea Bizwire) — Shilla Stay Jeju, a popular hotel on Jeju Island, has gained attention for offering free accommodation to travelers stranded due to massive flight cancellations. Over 400 flights were grounded at Jeju International Airport due to severe winds and heavy snowfall. On January 25, industry sources revealed that Shilla Stay Jeju, [...]
SUWON, Jan. 25 (Korea Bizwire) — Shinsegae Property has announced the upcoming grand opening of Starfield Suwon on January 26, heralding a new era of Starfield 2.0 tailored to the MZ generation (born early 1980s to early 2000s). Located in Jeongja-dong, Jangan-gu, Suwon, Starfield Suwon spans eight floors underground and eight above ground, with a total [...]
SEOUL, Jan. 24 (Korea Bizwire) – Canadian coffee brand Tim Hortons said Wednesday it will add two new outlets in South Korea this month amid a strong response from local consumers since it began operations a month ago. Tim Hortons opened the first and second stores in Sinnonhyeon and Seolleung, southern Seoul, on Dec. 14 [...]