SEOUL, April 7 (Korea Bizwire) – The country’s top court on Friday overturned an acquittal handed down to local retailer Homeplus Co. over illegally selling customer data to insurance firms. The retailer was indicted in February 2015 on charges of gathering more than 24 million pieces of customer data, including birthdates and the number of [...]
SEOUL, April 7 (Korea Bizwire) – The number of daily newspapers in South Korea — national and regional combined — totaled 399 as of the end of last year, according to the Ministry of Culture, Sports and Tourism, and the Korean Association of Newspapers (KAN) Friday. The number represents a gain of 16 from the [...]
SEOUL, April 5 (Korea Bizwire) – Once the biggest coffeehouse chain in South Korea, Café Bene now appears to be at a crossroads amid growing industry competition, after reports emerged the coffee giant suffered an operating loss of 13.4 billion won last year. Marking its ninth year in 2017, Café Bene made a net profit [...]
SEOUL, April 5 (Korea Bizwire) – The tourism industry on South Korea’s resort island of Jeju remained relatively sound in March, despite worries about a serious economic setback from China’s travel package ban to its neighbor amid a diplomatic standoff, industry sources said Wednesday. The number of tourists who came to Jeju Island was 1.25 [...]
SEOUL, April 4 (Korea Bizwire) – South Korea’s largest multiplex cinema chain, CGV, with theaters around the world, is turning its Yeouido branch into what it calls a ‘cultureplex’, at which different types of culture, entertainment and lifestyle events such as performances, art, concerts, exhibitions and napping places will be hosted. This Friday, a classical piano [...]
SEOUL, April 4 (Korea Bizwire) – Yesterday marked the official launch of South Korea’s very first online-only bank, K Bank, and more than 20,000 new customers have already signed up to open new accounts. On the day the bank launched its service, nearly 15,320 internet-only bank accounts were opened by three in the afternoon, surpassing [...]
SEOUL, April 4 (Yonhap) – Asiana Airlines Inc. said Tuesday it will increase flights on routes to Japan and Southeast Asia in the second quarter to offset lower demand from China. Asiana, the country’s second-biggest passenger carrier by sales, will flexibly respond to sharp declines in inbound Chinese travelers by reducing flights on routes to and [...]
SEOUL, April 4 (Korea Bizwire) – Seoul’s famous annual shopping festival for foreign visitors has returned once again this year with more offers and for an extended duration, starting next month. The Seoul Summer Sale, which will run from April 23 through to the end of July, will offer tourists from all around the world [...]
SEOUL, April 4 (Korea Bizwire) – Chinese travelers’ preference for South Korea plunged over the past year, a survey showed Tuesday, apparently from the tension between the two countries over the deployment of a U.S. missile defense system. A poll by Ctrip, a leading online travel services agency in China, ranked South Korea 16th in [...]
SUWON, South Korea, April 3 (Korea Bizwire) – Two firemen – Hong Eui-sun and Baek Jung-yeol – from the Gyeonggi Disaster and Safety Headquarters came up with an idea for new fire extinguishers two years ago when a survey revealed that majority of the public was not aware of how to use fire extinguishers and [...]