SEOUL, Jul. 10 (Korea Bizwire) — The CEO of South Korean conglomerate Lotte Group is expected to move into Lotte World Tower in the coming months, shortening his commute to a mere elevator ride, materializing to commute to and from work in a ‘vertical city’ sort of. According to statement from Lotte released on Saturday, Shin [...]
SEOUL, Jul. 10 (Korea Bizwire) — With the popularity of convenience stores and online shopping among South Koreans growing rapidly, the number of shoppers who rely heavily on both online shopping sites and convenience stores is on the rise. According to a new report released by Shinhan Card on recent retail trends, the number of consumers [...]
SEOUL, July 7 (Korea Bizwire) – Police said they raided the headquarters of South Korea’s top airline on Friday as part of a probe into alleged misappropriation of company funds for its chairman’s personal purpose. The National Police Agency sent investigators to the main office of Korean Air Lines Co. in western Seoul to confiscate [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korean telecommunications giant SK Telecom is considering the idea of launching an artificial intelligence-based taxi-hailing app, which the company sees as a chance to take advantage of its big data database. Though off to a late start, the IT company seems confident its service will prove popular, as [...]
SEOUL, July 3 (Korea Bizwire) – Hanwha Galleria Timeworld Co., a local duty-free operator, said Monday the company will pull out of a local airport next month amid a sharp drop in the number of Chinese tourists. In a regulatory filing, the duty-free operator said its store at Jeju Airport will shut down Aug. 31, [...]
SEOUL, July. 1 (Korea Bizwire) — Casino and resort operator Kangwon Land is set to go forward with a nursing home project after agreeing to join local efforts to transform abandoned mining areas into the country’s dementia research and care capital. Kangwon Land’s decision to build a new dementia care facility comes after a special [...]
SEOUL, June 30 (Korea Bizwire) – Jin Air Co., one of South Korea’s biggest budget carriers, on Friday opened a new route to Jeju Island to capitalize on growing low-cost travel demand during the peak summer season. The low-cost carrier has allocated a 189-seat B737-800 jet to serve the Gwangju-Jeju route two times a day, [...]
TOKYO, June 29 (Korea Bizwire) – A business center that helps Korean content production companies advance in Japan opened in Tokyo Thursday. The Ministry of Culture, Sports and Tourism and the Korea Creative Content Agency ran the center’s opening ceremony at the Korean Cultural Center inside the Korean Embassy in the city. The center is [...]
SEOUL, Jun. 27 (Korea Bizwire) — South Korea’s pharmaceutical industry has posted more than double the annual growth rate in terms of employment compared to the manufacturing sector as a whole, industry data showed Tuesday. The pharmaceutical industry has recorded 3.9 percent in annual employment growth rate between 2005 and 2015, while the comparable figure [...]
SEOUL, Jun. 24 (Korea Bizwire) — When it comes to cell phone bills in South Korea, the overwhelming public sentiment is that people think they are paying too much at the moment. The row between the government and telecom companies over efforts to reduce phone bills in recent years mirrors the frustration very palpable in a [...]