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Archive by category Services and Others

Listed Companies’ Q1 Net Plunges amid Coronavirus

Listed Companies’ Q1 Net Plunges amid Coronavirus

SEOUL, May 19 (Korea Bizwire) — South Korean listed companies’ profits almost halved in the first quarter of the year, data showed Tuesday, an apparent fallout from the new coronavirus outbreak. The combined net profit of 592 nonfinancial companies listed on the main bourse came to 11.03 trillion won (US$8.99 billion) in the January-March period, [...]

Untact Services Will Dominate Service Industry in Post-coronavirus Era

Untact Services Will Dominate Service Industry in Post-coronavirus Era

SEOUL, May 19 (Korea Bizwire) — The coronavirus pandemic is giving way to so-called ‘untact’ (no contact) services such as online shopping and delivery applications as a new alternative for the service industry. Experts argue that policy support is in order to allow new business models to settle in the market as untact services are [...]

SoCar Teams Up with Startup to Launch Jeju Self-driving Car Shuttle Service

SoCar Teams Up with Startup to Launch Jeju Self-driving Car Shuttle Service

SEOUL, May 18 (Korea Bizwire) — South Korea’s leading car-sharing app operator SoCar has teamed up with a local vehicle tech startup to launch an autonomous car shuttle service on the resort island of Jeju, the company said Monday. The collaboration with RideFlux Inc., which officially began earlier in the day, marks the first time [...]

Korean Airlines Fall Deeper into Q1 Losses on Virus Impact, Further Slump in Store

Korean Airlines Fall Deeper into Q1 Losses on Virus Impact, Further Slump in Store

SEOUL, May 15 (Korea Bizwire) — South Korean airlines, led by Korean Air Lines Co., reported their worst-ever first-quarter earnings on Friday in the face of the new coronavirus outbreak that has led to a sharp fall in demand and lockdowns around the globe, and their second-quarter performance is also dim. Korean Air said its [...]