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Boeing Sees LCCs as Growth Driver for S. Korea’s Commercial Aviation Market

Boeing Sees LCCs as Growth Driver for S. Korea’s Commercial Aviation Market

SEOUL, Oct. 14 (Korea Bizwire) — Low-cost carriers (LCCs) will be a key growth driver for South Korea’s commercial aviation market and take the lead in the Northeast Asian region market, a Boeing executive said Monday. South Korean LCCs are currently leading the Northeast Asian commercial aviation market, accounting for 65 percent of the entire [...]

Netmarble Selected as Preferred Bidder to Buy Woongjin Coway

Netmarble Selected as Preferred Bidder to Buy Woongjin Coway

SEOUL, Oct. 14 (Korea Bizwire) — Netmarble Corp., South Korea’s top mobile gaming company, said Monday it has been chosen as the preferred bidder to buy Woongjin Coway Co., the country’s largest home appliance rental service provider. Netmarble will acquire a 25.08 percent stake in Woongjin Coway if the deal is completed. Woongjin Group put [...]

Food Theft Tampers Enthusiasm for Delivery Services

Food Theft Tampers Enthusiasm for Delivery Services

SEOUL, Oct. 11 (Korea Bizwire) — Recently, the food service industry has taken a new leap forward, with the convenience of online to offline delivery apps. However, critics are pointing out some of the side effects of fast-growing delivery service – employees who eat customers’ food and share tips for free meals, a serious matter. [...]

Woongjin Coway Sale Takes New Turn After Netmarble Makes Bid

Woongjin Coway Sale Takes New Turn After Netmarble Makes Bid

SEOUL, Oct. 11 (Korea Bizwire) — The sale of Woongjin Coway Co., South Korea’s largest home appliance rental service provider, has taken a turn after the country’s top mobile gaming company Netmarble Corp. made an unexpected bid, industry insiders said Friday. Netmarble and the U.S. private equity firm Bain Capital were the two final bidders [...]

Controversial Korean Air Commercial Stars Boston Terrier Boarding Aircraft

Controversial Korean Air Commercial Stars Boston Terrier Boarding Aircraft

SEOUL, Oct. 10 (Korea Bizwire) — A new commercial for Korean Air Lines Co. is raising controversy over the treatment of animals. Korean Air recently screened a promotional video created for its new flight route opened between Incheon and Boston. The video stars a Boston Terrier sneaking into a Boston bag to try to return [...]

Van-hailing Service Tada’s Expansion Plan Irks Authorities

Van-hailing Service Tada’s Expansion Plan Irks Authorities

SEOUL, Oct. 7 (Korea Bizwire) — The operator of rental van-hailing service Tada said Monday it will sharply increase the number of service vehicles and drivers next year to meet rising demand. But its expansion strategy drew an immediate backlash from the country’s transportation authorities, which have been seeking to intervene in months-long wrangling between [...]

Rental Van-hailing Service Tada to be Expanded Across Metropolitan Areas

Rental Van-hailing Service Tada to be Expanded Across Metropolitan Areas

SEOUL, Oct. 6 (Korea Bizwire) — The rental van-hailing service Tada said Sunday that its service will be available across all metropolitan areas by the end of this year. The Tada service, launched in October last year and operated by car-sharing app SoCar’s subsidiary Value Creators & Company (VCNC), will expand services — which now [...]