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Archive by category Services and Others

Starbucks Korea Ordered to Compensate Customer for Changing Words on Event

Starbucks Korea Ordered to Compensate Customer for Changing Words on Event

SEOUL, May 24 (Korea Bizwire) – Starbucks Coffee Korea has been ordered to compensate a customer for providing only one free coffee after the consumer won an event that originally promised a free drink every day for a year, the plaintiff’s lawyer said Wednesday. The customer, surnamed Ko, filed the case with the Seoul Central [...]

Busan Vying to Reclaim Title of “World’s Fifth-Largest Container Port”

Busan Vying to Reclaim Title of “World’s Fifth-Largest Container Port”

BUSAN, May 24 (Korea Bizwire) – The Port of Busan, South Korea’s largest port, was marginally outstripped last year by the Port of Hong Kong, conceding the title of the fifth-busiest container port in the world, namely on account of the Hanjin Shipping crisis.  The South Korean port ranked sixth globally in 2016, processing 19.43 [...]

Seoul Hospital Ridiculed for Makeup Guidelines

Seoul Hospital Ridiculed for Makeup Guidelines

SEOUL, May 24 (Korea Bizwire) – The Korean Intern Resident Association expressed deep concerns Tuesday over a dress and appearance manual for doctors that is currently being developed at the Catholic University of Korea Seoul St. Mary’s Hospital.  According to the KIRA, articles in the manual specific to female doctors include wearing  “vibrant makeup” because [...]

Naver Named as Top-Performing Firm in South Korea

Naver Named as Top-Performing Firm in South Korea

  SEOUL, May 24 (Korea Bizwire) – Naver Corp. was picked as the top firm for its business performance among the country’s major 500 companies, data showed Tuesday, beating Samsung Electronics Co. According to the data compiled by industry tracker CEO Score, South Korea’s No. 1 Internet portal operator received top remarks in a business evaluation that centered on eight areas, including earnings, investment, job creation and transparency. While Naver stood as the [...]

South Korean Video Streaming Platforms Struggle to Catch Up With YouTube

South Korean Video Streaming Platforms Struggle to Catch Up With YouTube

SEOUL, May 23 (Korea Bizwire) – The latest data from market analyst DMC Media has revealed that YouTube was still the most popular video streaming platform on mobile devices in South Korea, chosen by 42.8 percent of 1,000 study participants in April, which was up from the 38 percent observed last year.  YouTube outstripped its [...]

Busan’s Container Cargo Inches up over past 8 Months

Busan’s Container Cargo Inches up over past 8 Months

BUSAN, May 23 (Korea Bizwire) – Container cargo handled at South Korea’s biggest port of Busan has edged up over the past eight months despite the demise of Hanjin Shipping Co., once the country’s No. 1 shipping firm, data showed Tuesday.  Container cargo processed at the southeastern port came to 13.05 million twenty-foot-equivalent units (TEUs) [...]

South Korea’s $23-Billion Rental and Sharing Market Continues to Make Headway

South Korea’s $23-Billion Rental and Sharing Market Continues to Make Headway

SEOUL, May 22 (Korea Bizwire) – Last year, South Korea’s rental services market was estimated at 25.9 trillion won ($23.2 billion), up from 19.5 trillion won five years ago, according to the KT Economic Management Research Institute. By 2020, the market is expected to grow to a 40.1-trillion-won industry, researchers expect.  The boon in the [...]

Korean Air Workers Allow Company to Decide Wage Increase in 2017

Korean Air Workers Allow Company to Decide Wage Increase in 2017

SEOUL, May 19 (Korea Bizwire) – Unionized workers at Korean Air Lines Co. will allow the company to decide on the wage increase for 2017 to better help the national flag carrier make a turnaround this year, the airline said Friday. “We have delegated authority to the company for this year’s wage negotiations not only for the company’s sustainable growth and survival but also for the job security of workers,” union leader Lee Jong-ho said in a [...]

Insurers Must Calculate Contract Liabilities with Present Value from 2021

Insurers Must Calculate Contract Liabilities with Present Value from 2021

SEOUL, May 19 (Korea Bizwire) – Insurance contract liabilities must be calculated based on current interest rates and provisions from 2021, when a new global accounting rule is introduced in South Korea, financial regulators said Thursday. South Korea is one of more than 100 nations that will adopt the new global bookkeeping standard, or International Financial Reporting [...]