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Archive by category Services and Others

Budget Carrier Jeju Air Expected to Receive 190 bln Won in State Support

Budget Carrier Jeju Air Expected to Receive 190 bln Won in State Support

SEOUL, Nov. 5 (Korea Bizwire) — Jeju Air Co., South Korea’s top low-cost carrier, is expected to receive some 190 billion won (US$169 million) in state financial support, as the company seeks to overcome a pandemic-caused cash crunch, sources said Thursday. The main creditor, the Export-Import Bank of Korea, has conducted due diligence on Jeju [...]

Major Travel Agencies Suffer Massive Losses from Pandemic in Q3

Major Travel Agencies Suffer Massive Losses from Pandemic in Q3

SEOUL, Nov. 4 (Korea Bizwire) — South Korea’s leading travel agencies saw massive on-year losses in the third quarter this year, as the new coronavirus pandemic hampered the companies’ overseas tour businesses, data showed Wednesday. The country’s top tour agency Hana Tour Co. logged 10.07 billion won in sales in July-September, down 94.5 percent from [...]

Ride-hailing Service Tada Gears Up for Revival

Ride-hailing Service Tada Gears Up for Revival

SEOUL, Oct. 30 (Korea Bizwire) — South Korean ride-hailing service Tada, which was banned in March when a revised passenger transport service act entered effect, is gearing up for revival. Tada service operator Value Creators & Company (VCNC) announced on Wednesday that it will launch a new designated driver service called Tada Daeri. ‘Daeri unjeon’ [...]

Logistics Industry on Alert as Naver Teams Up with CJ Logistics

Logistics Industry on Alert as Naver Teams Up with CJ Logistics

SEOUL, Oct. 28 (Korea Bizwire) — The South Korean retail industry is eyeing country’s top online portal operator Naver and entertainment and logistics giant CJ Group as the two companies are exchanging company shares worth 600 billion won ($531 million) as part of a strategic partnership in the fields of cultural content and distribution. Industry [...]

Controversy Heats Up over Shared Accommodation Services

Controversy Heats Up over Shared Accommodation Services

SEOUL, Oct. 27 (Korea Bizwire) — The government is engaged in the final stages of discussion with related industries for approval of shared accommodation services for residents of urban areas. The talks, however, are stuck in a last-minute limbo as disputes have flared up over the government’s new regulations, which stipulate that such business may [...]

Hanjin to Suspend Overnight Parcel Services amid Overwork Controversy

Hanjin to Suspend Overnight Parcel Services amid Overwork Controversy

SEOUL, Oct. 26 (Korea Bizwire) — Hanjin Transportation Co., the logistics arm of Hanjin Group, said Monday it will suspend overnight parcel delivery services starting next month, becoming the first local company to take such action to help prevent overwork among deliverymen. The move came as one of its delivery workers died earlier this month [...]