CHUNCHEON, Dec. 21 (Korea Bizwire) – Chuncheon City has been honored as an outstanding municipality for its success in dramatically increasing local business revenue through the private-public delivery app “Ttaenggyeoyo.” At an awards ceremony hosted by Shinhan Bank and Ttaenggyeoyo on December 20 in Seoul, Chuncheon was among five regional governments, including Gwangju and Jeonnam, to [...]
SEOUL, Dec. 18 (Korea Bizwire) – Woowa Brothers, the operator of South Korea’s leading food delivery platform Baedal Minjok, unveiled “hyper-personalization,” “slow aging,” and “customized consumption” as major dining trends for 2024. The company announced these insights on December 17 at the 2024 Baemin Restaurant Conference in Seoul’s COEX, leveraging its proprietary data to identify [...]
SEOUL, Dec. 17 (Yonhap) — South Korea’s antitrust regulator said Tuesday it has fined Kakao Mobility Corp., the operator of the country’s top taxi-hailing service, 15.1 billion won (US$10.5 million) for unfair business practices. Kakao Mobility is accused of manipulating its algorithm to direct more ride requests received through its mobile taxi application to cabs under its [...]
SEOUL, Nov. 29 (Korea Bizwire) – Major South Korean pay TV operators are implementing voluntary retirement programs amid deteriorating business conditions, drawing criticism for shifting the burden of financial challenges onto workers. Following LG HelloVision, the country’s largest cable TV operator by subscribers, both Skylife and HCN have announced voluntary retirement plans. Skylife revealed its program during [...]
SEOUL, Nov. 22 (Korea Bizwire) – A mobility platform rivalry has intensified in South Korea as Tada operator VCNC announced plans for legal action against Kakao Mobility, accusing the tech giant of unfairly recruiting its drivers and mishandling personal information. According to industry sources on November 21, Tada is considering filing a complaint with the Fair [...]
SEOUL, Nov. 22 (Korea Bizwire) — Hanjin Logistics Corp., the logistics unit of South Korea’s Hanjin Group, said Friday it has partnered with DHL Supply Chain Korea to strengthen their domestic logistics networks and services. The partnership is aimed at attracting new clients, leveraging each other’s expertise and knowledge, and jointly exploring business opportunities, the [...]
SEOUL, Nov. 19 (Korea Bizwire) – In a significant shift within South Korea’s retail landscape, companies are rapidly expanding their rapid delivery services beyond traditional e-commerce boundaries, with offerings ranging from same-day delivery to dawn delivery and motorcycle-based quick commerce. Naver, which alongside Coupang forms the dual powerhouse of South Korean e-commerce, is planning to launch [...]
SEOUL, Nov. 18 (Korea Bizwire) – An individual referred to only as Lee, who began his career as a delivery worker three years ago, says the pressure to meet tight deadlines has become nearly unbearable. “We need to complete at least four deliveries per hour to make ends meet,” said Lee, who acknowledged that running red [...]
SEOUL, Nov. 14 (Korea Bizwire) — The government unveiled a package of measures aimed at addressing long-standing consumer complaints in the wedding industry Thursday, which has often been cited as a significant factor driving up the high costs of marriage. The measures were introduced at an economic ministers’ meeting in Seoul, led by Finance Minister [...]
SEOUL, Nov. 14 (Korea Bizwire) — The government on Thursday unveiled a package of measures, such as preferential interest rates and incentives, aimed at developing the domestic service industry as a new engine of growth. The measures were introduced during an economy-related ministers’ meeting held in Seoul, presided over by Finance Minister Choi Sang-mok, who [...]