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Archive by category Services and Others

Oil Giants Team Up for Delivery Service

Oil Giants Team Up for Delivery Service

SEOUL, Jun. 20 (Korea Bizwire) — SK Energy and GS Caltex are joining hands to create a parcel delivery service utilizing the two companies’ existing network of gas stations. In addition to the collaboration, the joint venture has new meaning, experts say, because of the willingness by SK and GS to share key corporate infrastructure [...]

Kakao to Expand Food Delivery Service

Kakao to Expand Food Delivery Service

SEOUL, Jun. 19 (Korea Bizwire) — Kakao Corp., best known for its ubiquitous smartphone messaging app, is expanding its recent venture into the food delivery service. Having initiated delivery service for select franchise stores as a third-party in March of last year, Kakao has announced that it is expanding its delivery service to include all [...]

Starting Price for 5G Spectrum Auction to Be Set at 3.3 trl Won

Starting Price for 5G Spectrum Auction to Be Set at 3.3 trl Won

SEOUL, Jun. 14 (Korea Bizwire) — The starting price of South Korea’s first auction for high-end fifth-generation network frequencies scheduled for this week is expected to be set at around 3.3 trillion won (US$3 billion), industry insiders said Thursday. The Ministry of Science and ICT said the country’s three mobile carriers — SK Telecom Co., [...]

CJ CGV to Open 100 ScreenX Theaters with Cineworld Deal

CJ CGV to Open 100 ScreenX Theaters with Cineworld Deal

SEOUL, Jun. 14 (Korea Bizwire) — CJ CGV has signed a deal with Cineworld, the world’s second-largest cinema chain, to open 100 more ScreenX locations across the world, the largest South Korean cinema chain said Thursday. The deal was signed at the CineEurope 2018 event in Barcelona, Spain, on Wednesday (local time). Developed with South [...]

Naver to Launch AI-Based Music Service

Naver to Launch AI-Based Music Service

SEOUL, Jun. 11 (Korea Bizwire) — South Korea’s top portal operator, Naver Corp., said Monday that it will launch a music recommendation service that uses artificial intelligence (AI). The service, called VIBE, makes recommendations according to each user’s music preferences and patterns, Naver said. The service collects data that is then used to improve recommendations [...]

Restaurant Sector Shrinks Fast amid Negatives

Restaurant Sector Shrinks Fast amid Negatives

SEOUL, May 10 (Korea Bizwire) — South Korea’s restaurant industry has been shrinking at a fast clip due to a rise in the number of one-person households and other unfavorable factors, government data showed Thursday. The number of restaurant owners stood at 729,724 in December last year, down 0.51 percent, or 3,718, from the previous [...]

Online Shopping Takes Off, but Worrying Signs from China, U.S.

Online Shopping Takes Off, but Worrying Signs from China, U.S.

SEOUL, May 4 (Korea Bizwire) — With food-related online purchases on the rise thanks to mobile delivery apps, the total volume for online shopping saw record-breaking sales in March totaling 9 trillion won. The first quarter figures for online shopping consumers from China appeared to be somewhat slower due to the lingering aftermath of the [...]