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Coupang Eliminates Delivery Fees for Food Orders as Perk for Subscription Members

Coupang Eliminates Delivery Fees for Food Orders as Perk for Subscription Members

SEOUL, Mar. 19 (Korea Bizwire) – Starting March 26, members of Coupang’s premium subscription service, Wow, will be able to order food through the company’s delivery platform, Coupang Eats, without paying any delivery fees, the company announced.  In a bid to alleviate the burden of delivery costs for consumers, Coupang Eats will introduce an “unlimited free [...]

Wedding Industry Thrives Despite Declining Marriage Rates

Wedding Industry Thrives Despite Declining Marriage Rates

SEOUL, Mar. 11 (Korea Bizwire) – In recent years, as marriage rates have fallen, the number of wedding venues across the nation has seen a consistent decline. However, a recent study reveals a significant surge in revenue for these venues, a trend uncovered through a comprehensive analysis of the national wedding market utilizing big data.  According [...]

NCSoft Announces First-Ever Cut in Director Compensation Limits Amid Dip in Profits

NCSoft Announces First-Ever Cut in Director Compensation Limits Amid Dip in Profits

SEOUL, Feb. 29 (Korea Bizwire) – In a groundbreaking move aimed at enhancing operational efficiency in the face of declining profitability, NCSoft, a leading South Korean video game developer, has announced its intention to reduce the compensation limit for its directors for the first time since the company’s inception. The decision, revealed through a notice of [...]

Facebook Founder Likely to Meet with S. Korean Tech Leaders: Sources

Facebook Founder Likely to Meet with S. Korean Tech Leaders: Sources

SEOUL, Feb. 28 (Korea Bizwire) — Facebook founder Mark Zuckerberg will likely meet with business officials from leading South Korean tech companies and startups, including Samsung Electronics Co., during his visit to Seoul, industry sources said Wednesday. The CEO of Meta Platforms, Facebook’s parent company, arrived in South Korea on Tuesday night following his visit [...]

High Taxes and Social Perceptions Challenge Family Business Succession Among Export Companies

High Taxes and Social Perceptions Challenge Family Business Succession Among Export Companies

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 [...]

KT Membership Sees 26% Surge in Monthly Active Users Thanks to In-App Services

KT Membership Sees 26% Surge in Monthly Active Users Thanks to In-App Services

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 [...]

Shilla Stay Jeju Offers Free Accommodation to Stranded Travelers Amid Flight Cancellations

Shilla Stay Jeju Offers Free Accommodation to Stranded Travelers Amid Flight Cancellations

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, [...]

Government Plans to Eliminate Mandatory Sunday Closures for Major Retailers

Government Plans to Eliminate Mandatory Sunday Closures for Major Retailers

SEOUL, Jan. 22 (Korea Bizwire) – The government announced several measures aimed at reforming regulations related to people’s livelihoods, including scrapping the policy mandating large retailers to close their stores on Sunday twice a month, officials said Monday. The announcement was made during a government-public debate, the fifth in a series of sessions, led by [...]

SK Telecom Signs MOU with U.S. Animal Health Care Firm to Eye Global Pet Market

SK Telecom Signs MOU with U.S. Animal Health Care Firm to Eye Global Pet Market

SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s leading mobile carrier SK Telecom Co. said Wednesday it has signed a strategic partnership with a U.S. animal health care firm in a bid to enter the American pet market with its artificial intelligence (AI)-based veterinary care service “X Caliber.” Under the memorandum of understanding with Vetology [...]