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Archive by category Services and Others

Asiana to Increase Flights to Singapore on Travel Bubble Deal

Asiana to Increase Flights to Singapore on Travel Bubble Deal

SEOUL, Nov. 8 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest airline, said Monday it will increase the number of flights to Singapore starting this month as the two countries recently signed a travel bubble agreement. A travel bubble refers to a quarantine-free travel partnership between two or more cities or countries with similar [...]

Logistics Firms Jump into Fulfillment Business

Logistics Firms Jump into Fulfillment Business

SEOUL, Oct. 27 (Korea Bizwire) — South Korean logistics companies are jumping into the fulfillment market as online transactions continue to increase and quick deliveries are rising as a core component for competitiveness. The fulfillment process refers to a wide range of services including storing a seller’s products at a local warehouse, selecting and packaging [...]

Korean Air Partners with Boeing for UAV Development

Korean Air Partners with Boeing for UAV Development

SEOUL, Oct. 22 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Friday it has partnered with Boeing to jointly develop an unmanned aerial vehicle (UAV) in preparation for future mobility demand. Korean Air signed a memorandum of understanding with Boeing’s subsidiary Insitu for technical cooperation to develop a lightweight and modularized [...]

Strict Regulations Place E-scooter Sharing Market on Edge

Strict Regulations Place E-scooter Sharing Market on Edge

SEOUL, Oct. 21 (Korea Bizwire) — The electric scooter sharing market is facing a downturn as it struggles with various regulations including ‘immediate towing of illegally parked scooters,’ ‘mandatory driver’s license,’ ‘mandatory helmets’ and more. Wind Mobility, a Berlin-based mobility startup, recently decided to pull back from South Korea after struggling to operate 2,000 scooters [...]

Coworking Industry Turns to Subway Stations and Residential Areas

Coworking Industry Turns to Subway Stations and Residential Areas

SEOUL, Oct. 19 (Korea Bizwire) — Coworking spaces that once filled up downtowns and skyscrapers are now being set up in subway stations and residential areas following the coronavirus outbreak, targeting demand for ‘near-home offices’ that resolve the shortcomings of working at home while reducing commuting time. Coworking space providers like Fast Five, WeWork and [...]

Yanolja to Acquire 70 pct Stake in Interpark’s E-commerce Businesses

Yanolja to Acquire 70 pct Stake in Interpark’s E-commerce Businesses

SEOUL, Oct. 14 (Korea Bizwire) — Yanolja Co., a leading South Korean travel platform operator, said Thursday that it signed an agreement to buy a 70 percent stake in e-commerce businesses of Interpark Corp. for 294 billion won (US$248 million). Yanolja said its move to acquire Interpark’s travel, performing arts, shopping and book businesses is [...]

Jeju Air to Raise 127 bln Won via Stock Sale for Post-pandemic Biz

Jeju Air to Raise 127 bln Won via Stock Sale for Post-pandemic Biz

SEOUL, Oct. 14 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest budget carrier, said Thursday it will raise 127 billion won (US$107 million) by selling stocks in preparation for the post-coronavirus era. Jeju Air plans to issue 11.26 million shares at 18,350 won per share to employees and existing shareholders from Oct. 18-19 and [...]