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Archive by category Services and Others

Head of Major Drug Maker to be Summoned for Verbal Abuse Allegations

Head of Major Drug Maker to be Summoned for Verbal Abuse Allegations

SEOUL, Jul. 31 (Korea Bizwire) — South Korean police said Monday that they will call in the head of a major pharmaceutical company in connection with an ongoing investigation into allegations of verbal abuse involving multiple private car drivers. Rhee Jang-han, chairman of Chong Kun Dang Pharmaceutical Corp., will be summoned on Wednesday, according to [...]

Complaints Against Budget Carriers Nearly Doubled Last Year

Complaints Against Budget Carriers Nearly Doubled Last Year

SEOUL, July 31 (Korea Bizwire) – The number of consumer complaints lodged against South Korea’s budget carriers was nearly twice as high as complaints leveled on full-service airlines last year, a consumer rights agency said Monday. In 2016, low-cost carriers (LCC) received a total of 417 consumer complaints, while Korean Air Lines Co. and Asiana [...]

Uber Eyes Breakthrough in S. Korea through Food Delivery Service

Uber Eyes Breakthrough in S. Korea through Food Delivery Service

SEOUL, Jul. 28 (Korea Bizwire) — U.S. ride-hailing company Uber Technologies Inc. is seeking a breakthrough in their South Korean business operation by launching the restaurant delivery app UberEATS by the end of the year. The move comes as the San Francisco-based company moves to expand its presence in the Korean market after its car-sharing [...]

Has Okja Effect Worn Off? Netflix Subscriptions Plunge Days After the Movie Release

Has Okja Effect Worn Off? Netflix Subscriptions Plunge Days After the Movie Release

SEOUL, Jul. 27 (Korea Bizwire) — A new industry report claims that streaming service Netflix failed to take advantage of its original film ‘Okja’ in South Korea despite the hype for the star-dusted cast and high-profile film director Bong Joon-ho, as subscription figures have plunged only days after the movie was released. The report released on Thursday [...]

Popularity of Low Cost Carriers Soars to the Detriment of Korean Air and Asiana

Popularity of Low Cost Carriers Soars to the Detriment of Korean Air and Asiana

SEOUL, Jul. 25 (Korea Bizwire) — Customers are increasingly forgoing established airlines such as Korean Air and Asiana Airlines for cheaper options. On July 24, the Ministry of Land, Infrastructure and Transport released figures that show the overall number of travelers opting for low cost carriers (LCC) for international travel steadily increased from January (24.1 [...]

Samsung BioLogics Suffers Operating Loss During Second Quarter

Samsung BioLogics Suffers Operating Loss During Second Quarter

SEOUL, July 24 (Korea Bizwire) – Samsung BioLogics, a biopharmaceutical unit of South Korea’s top conglomerate Samsung Group, suffered a loss in the second quarter despite a rise in sales, the company said Monday. Sales jumped 33 percent on-year to 63.2 billion won (US$57 million) during the April-June period, the company said in a regulatory [...]

Kakao Spins Off Transportation Services Unit

Kakao Spins Off Transportation Services Unit

SEOUL, Jul. 24 (Korea Bizwire) — The division at Kakao Corp responsible for its taxi-hailing and chauffeur services is being separated from South Korea’s largest messaging company, and will be launched as an independent entity next week. Starting in August, Kakao Mobility will operate as an independent entity, separated from its parent company Kakao Corp, [...]

Jin Air Adds B737-800 to Strengthen Fleet Amid Growing Demand

Jin Air Adds B737-800 to Strengthen Fleet Amid Growing Demand

SEOUL, July 24 (Korea Bizwire) – Jin Air Co., the budget carrier unit of Korean Air Lines Co., said on Monday it added a B737-800 jet to its growing fleet to meet demand during the summer peak season. With the addition of the B737-800, Jin Air’s fleet is now composed of 20 B737-800s and four long-range B777-200ERs, all leased from U.S. aircraft manufacturer [...]

Airlines Hit with Fines and Suspension of Pilots for Accidents

Airlines Hit with Fines and Suspension of Pilots for Accidents

SEOUL, July 20 (Korea Bizwire) – Asiana Airlines was fined 900 million won (US$802,282) for a runway accident two years ago and the pilot responsible stripped of his license, the transport ministry said Thursday while announcing a series of punitive actions against carriers. Korean Air Lines Co. was ordered to pay 600 million won in [...]