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Korean Business Community in Mexico Expresses Concern Amid Earthquakes

Korean Business Community in Mexico Expresses Concern Amid Earthquakes

MEXICO CITY, Sept. 22 (Korea Bizwire) — With a series of powerful earthquakes hitting Mexico and leaving hundreds of people dead, the Korean business community in the country is beginning to feel the negative impact of the devastating natural disasters. Though Mexico City, which was been rocked by a magnitude 7.1 earthquake, is slowly recovering [...]

Google Assistant Joins Samsung’s Bixby, Apple’s Siri, Naver’s Clover in Vying for Koreans’ Attention

Google Assistant Joins Samsung’s Bixby, Apple’s Siri, Naver’s Clover in Vying for Koreans’ Attention

SEOUL, Sept. 22 (Korea Bizwire) – Google Korea has thrown its hat into the ring with an announcement on September 21 that its AI-integrated service Google Assistant is now available in Korean. Google Assistant joins a line that includes Apple’s Siri, Naver’s Clover and Samsung’s Bixby leading to the doors of Korean consumers. Google Korea [...]

Uber Launches Car Pool Service in Seoul For Diversification

Uber Launches Car Pool Service in Seoul For Diversification

SEOUL, Sept. 21 (Korea Bizwire) – U.S. ride-hailing company Uber Technologies Inc. on Thursday launched its car pool service in South Korea from which it sees a “big opportunity.” The uberSHARE car pool service comes after Uber launched the restaurant delivery app UberEATS last month as it seeks to diversify its business portfolio in Asia’s fourth-biggest economy. The “eco-friendly and affordable” car pool service, initially available inSeoul, will help alleviate traffic congestion during commuting hours, [...]

Credit Card Companies to Roll Out Modifications to Enable “Going Dutch”

Credit Card Companies to Roll Out Modifications to Enable “Going Dutch”

SEOUL, Sept. 20 (Korea Bizwire) – After holding talks with CEOs of credit card companies in July and August, the Financial Services Commission (FSC) publicly disclosed that modifications to payment processing procedures will be implemented. One of the key points of the announced modifications is a system that will allow groups of restaurant-goers to split [...]

Kakao Pay Institutes QR Code Payment System

Kakao Pay Institutes QR Code Payment System

SEOUL, Sept. 20 (Korea Bizwire) – Kakao has announced that it has added QR code identification technology that will enable users to process payments with a simple snapshot to its Kakao Pay service.  The technology is currently available on Kakao’s Chinese counterparts Alipay and WeChat Pay. Users snap photos of QR cards in shops and [...]

More Car Owners Opt for Online Insurance

More Car Owners Opt for Online Insurance

SEOUL, Sept. 19 (Korea Bizwire) — An increasing number of South Korean consumers are buying auto insurance online in search of lower premiums and more convenience, an industry think tank said Tuesday. According to the Korea Insurance Development Institute, 20.5 percent of the nation’s 15.4 million car insurance policyholders filed their applications through cyber marketing [...]

Kakao Emoji Purchases Driven by Recognition and Uniqueness

Kakao Emoji Purchases Driven by Recognition and Uniqueness

SEOUL, Sept. 18 (Korea Bizwire) – Almost 30 million emoji sales later, we have some insight into why the Kakao Friends emoji characters are so popular.  On September 17, an analysis into the popularity of the beloved emojis by professor Kim Jun Su from Hannam University found a correlation between purchase intent and factors like [...]

Airlines to Impose Fuel Surcharges on International Routes

Airlines to Impose Fuel Surcharges on International Routes

SEOUL, Sept. 18 (Korea Bizwire) – South Korea’s airlines will impose fuel surcharges on international passengers next month to reflect an increase in jet fuel prices, industry sources said Monday. In the past five months through September, local airlines didn’t impose fuel surcharges, as the average price of jet fuel remained below US$1.50 per gallon. [...]

Airport Operator Unlikely to Accept Duty-free Operator’s Rent Cut Demand

Airport Operator Unlikely to Accept Duty-free Operator’s Rent Cut Demand

SEOUL, Sept. 18 (Korea Bizwire) — The operator of Incheon International Airport is likely to snub calls from Lotte Duty Free, the country’s top duty-free operator, to adjust its rental fees, industry sources said Monday, amid the ongoing diplomatic row between Seoul and Beijing over the deployment of a U.S. missile system here. Last week, [...]

THAAD Row Over China Costing Tourism Industry Dearly

THAAD Row Over China Costing Tourism Industry Dearly

SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s tourism industry has been hit hard by a diplomatic row with China over the deployment of a U.S. missile shield here that has sent the number of Chinese visitors tumbling, a report said Friday. In mid-March, China banned the sale of group tours to Seoul in retaliation [...]