SEOUL, July 19 (Korea Bizwire) — South Korea’s low-cost carriers are planning to raise funds through a capital increase to ride out the prolonged coronavirus pandemic and put them in a better financial position, industry sources said Monday. Budget carriers have suffered the most since early last year due to the COVID-19 pandemic and have [...]
SEOUL, July 15 (Korea Bizwire) — Yanolja, a leading South Korean travel platform operator, said Thursday it has received a 2 trillion-won (US$1.75 billion) investment from Softbank’s Vision Fund, the second-largest investment into a South Korean company after $3 billion for e-commerce giant Coupang Inc. Yanolja, which has been seeking to go public, plans to [...]
SEOUL, July 14 (Korea Bizwire) — South Korean airlines will resume flights to Saipan later this month as scheduled despite a recent surge in COVID-19 cases. The Seoul government recently signed a quarantine-free travel bubble agreement with Saipan to allow group tours of fully vaccinated Koreans to such holiday destinations. The government is in talks [...]
SEOUL, July 13 (Korea Bizwire) — Woowa Brothers Corp., South Korea’s top food delivery app operator, officially began offering its self-driving robot Dilly Tower at an apartment complex in Seoul’s Yeongdeungpo district on Monday. If a resident places an order via food delivery app Baedal Minjok, the delivery person loads the items onto the Dilly [...]
SEOUL, July 9 (Korea Bizwire) — The retail, hospitality and other service sectors in the wider capital area are expected to suffer another setback as the highest level of social distancing rules will be implemented amid the fourth wave of the COVID-19 pandemic, industry watchers said Friday. Under the Level 4 guidelines to go into [...]
SEOUL, July 1 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest airline, on Wednesday signed a memorandum of understanding with major oil refiner Hyundai Oilbank Co. for the establishment of an eco-friendly aviation fuel ecosystem. Bio-aviation fuel that is composed of grains, plant material, seaweed or animal fats can reduce carbon emissions by [...]
SEOUL, June 30 (Korea Bizwire) — South Korea’s top two retailers — Shinsegae Group and Lotte Group — have not joined the race to take over Yogiyo, the country’s second-largest food delivery app, industry sources said Wednesday. The rivaling retail giants had been considered the two most viable potential bidders for Yogiyo, run by Germany’s [...]
SEOUL, June 28 (Korea Bizwire) — Korean Air Co., South Korea’s biggest airline, will resume flights to Guam in August as it expects pent-up demand for the tourism spot that welcomes inoculated travelers without a quarantine, company officials said Monday. Korean Air will provide one flight a week on the Incheon-Guam route beginning Aug. 5 [...]
SEOUL, June 22 (Korea Bizwire) — With airlines continuing to struggle with the aftermath of the coronavirus outbreak, low-cost carriers are beginning to take on ‘secondary jobs’. Jeju Air Co., South Korea’s biggest budget carrier by sales, is running an ‘in-flight meal cafe’ at a shopping mall complex in Seoul’s Hongdae area until July 28. [...]
SEOUL, June 18 (Korea Bizwire) — South Korean airlines are revving up their preparations to take off for Guam and other overseas tourist spots with vaccinated people as such destinations begin to welcome inoculated travelers without quarantine. To allow group tours of fully vaccinated Koreans to such holiday destinations, the South Korean government is in [...]