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Archive by category Services and Others

Gov’t to Focus on Individuals, Non-Chinese to Fend off THAAD Fallout

Gov’t to Focus on Individuals, Non-Chinese to Fend off THAAD Fallout

SEOUL, Apr. 13 (Korea Bizwire) — The government unveiled a string of measures Wednesday to help the ailing local tourism industry overcome the sharp decline in Chinese visitors in the face of a diplomatic standoff between South Korea and China over a U.S. anti-missile system. The local tourism industry is battered by Beijing’s apparent retaliation [...]

Presidential Election Front-Runner Promises to Reshape Mobile Phone Market

Presidential Election Front-Runner Promises to Reshape Mobile Phone Market

SEOUL, April 12 (Korea Bizwire) – The former leader of the opposition Democratic Party, Moon Jae-in, has announced a series of plans to reshape South Korea’s mobile industry that will see widely criticized basic charges imposed by major telecommunications companies scrapped, a move that could widen his lead over rival candidate Ahn Cheol-soo from the People’s [...]

Majority of Passenger Ships to Jeju Island Obsolete

Majority of Passenger Ships to Jeju Island Obsolete

JEJU, South Korea, April 12 (Korea Bizwire) – Recent data has revealed that over half of the domestic passenger vessels operating on routes to Jeju Island are facing retirement next year.  According to officials from the island, ten vessels operating on six routes – between Jeju and Busan, Mokpo, Yeosu, Wando, Nokdong and Usuyeong – [...]

Food Delivery Apps Expanding Rapidly in S. Korea

Food Delivery Apps Expanding Rapidly in S. Korea

SEOUL, Apr. 12 (Korea Bizwire) — Food delivery mobile applications are growing rapidly in South Korea, driven by burgeoning demand amid the spread of the lone-eating trend and a rising number of single households, industry sources said Tuesday. Baedal Minjok, a leading mobile delivery app run by local startup Woowa Brothers, raked in 84.8 billion [...]

Foreign Operators Benefit From Hanjin’s Fall at Busan Port

Foreign Operators Benefit From Hanjin’s Fall at Busan Port

SEOUL, Apr. 11 (Korea Bizwire) — Since last year’s fall of Hanjin, one of South Korea’s largest shipping companies, the New Port of Busan, which is mostly managed by foreign operators, has reported profit and revenue gains, according to recent business reports. An accounting report released yesterday by DP World revealed the Dubai-based port operating [...]

Technology Replacing Security Guards at Seoul National University

Technology Replacing Security Guards at Seoul National University

SEOUL, April 10 (Korea Bizwire) – Security guards at Seoul National University are quickly losing ground to the advance of Information and Communications Technology (ICT), as new unmanned security systems are being deployed at its Gwanak campus, a move that some fear will result in job losses for current employees. As night security guards are [...]

“Miracle Cancer Drug” Gleevec Sales Threatened Following Novartis Rebate Scandal

“Miracle Cancer Drug” Gleevec Sales Threatened Following Novartis Rebate Scandal

SEOUL, April 10 (Korea Bizwire) – South Korea’s health authorities are considering a suspension of health insurance reimbursement for imatinib, a highly effective leukemia drug sold under the brand name of Gleevec (or Glivec), after its maker Novartis was found to have provided illegal kickbacks to doctors.  The Swiss multinational pharmaceutical company was investigated by prosecutors [...]

1 in 3 Plastic Surgery Reviews is Fake, Watchdog Warns

1 in 3 Plastic Surgery Reviews is Fake, Watchdog Warns

SEOUL, April 7 (Korea Bizwire) – Beware of suspicious online reviews of plastic surgery clinics that sound too positive, South Korea’s advertisement watchdog warns. A report published by the Korea Internet Advertising Foundation (KIAF) yesterday revealed nearly one in three positive reviews on the Internet about plastic surgery is thought to be fake, reviews which [...]

Top Court Overturns Acquittal of Homeplus Over Selling Customer Data

Top Court Overturns Acquittal of Homeplus Over Selling Customer Data

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 [...]