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Korean Air, Asiana Swing to Black in Q2 on Cargo Demand

Korean Air, Asiana Swing to Black in Q2 on Cargo Demand

SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s two full-service carriers delivered earnings surprises, bucking market forecasts of an extended slump amid the pandemic as they focused on carrying more cargo to offset lower passenger demand amid the new coronavirus outbreak. In the April-June quarter, Korean Air Lines Co. and Asiana Airlines Inc. turned around [...]

Kakao’s New Delivery Service Has Competitors on Edge

Kakao’s New Delivery Service Has Competitors on Edge

SEOUL, Aug. 7 (Korea Bizwire) — Kakao Corp., operator of South Korea’s largest messenger app, KakaoTalk, plans to introduce a new food delivery service, raising worries over the impact it may bring to the country’s delivery industry. NowBusking, a Korean startup that Kakao has made a significant investment in purchasing 26 percent of its shares, [...]

S. Korea’s Full-server Carriers Tipped to Swing to Q2 Profit amid LCCs’ Struggles

S. Korea’s Full-server Carriers Tipped to Swing to Q2 Profit amid LCCs’ Struggles

SEOUL, Aug. 5 (Korea Bizwire) — Despite the coronavirus pandemic, South Korea’s two full-service airlines are expected to swing to a profit for the second quarter on increased cargo demand, industry sources said Wednesday. But seven low-cost carriers (LCCs) are widely predicted to suffer greater setbacks in the April-June period as the COVID-19 outbreak has [...]

Online Transactions for Rental Services Surge as Coronavirus Pandemic Drags On

Online Transactions for Rental Services Surge as Coronavirus Pandemic Drags On

SEOUL, July 29 (Korea Bizwire) — Ever since the onset of the coronavirus pandemic, an increasing number of consumers are turning to rental services to use a variety of products without having to pay large sums of money to purchase them. Major online shopping malls Gmarket and Auction reported a 561 percent increase in the [...]