SEOUL, Nov. 8 (Korea Bizwire) — Ride-hailing services like South Korean mobility platform Tada are becoming increasingly popular among office workers, a recent study has revealed. Job portal Incruit conducted a survey of 4,326 adults, 41 percent of whom responded that they have the intention to use shared mobility platforms. In particular, 45 percent of [...]
SEOUL, Nov. 6 (Korea Bizwire) — The majority of self-employed business owners started their business based on a small amount of initial capital, and with only a short period of preparation. According to Statistics Korea, 70 percent of self-employed business owners starting a business in the last 12 months had initial capital of less than [...]
SEOUL, Nov. 5 (Korea Bizwire) — Two consortia led by cosmetics-to-airline conglomerate Aekyung Group and construction firm Hyundai Development Co. (HDC) will be major competitors in the final auction for a stake in Asiana Airlines Inc., industry sources said Tuesday. A 31 percent stake in Asiana Airlines has been up for sale, and lead manager [...]
SEOUL, Nov. 1 (Korea Bizwire) — Very widely used mobile app services are based on so-called “platform labor,” or new forms of labor that are traded like products based on information and communication technology (ICT) platforms. However, the public’s awareness of platform labor is significantly low. According to a survey of 1,000 citizens conducted by [...]
SEOUL, Oct. 30 (Korea Bizwire) — South Korea’s aviation authorities said Wednesday that they will begin inspecting the country’s nine airlines next month to ensure safety after a series of accidents. The decision came five days after a budget carrier made an emergency return due to defects in the autopilot system. Aviation inspectors will conduct [...]
SEOUL, Oct. 30 (Korea Bizwire) — Controversy sparked among South Koreans following a recent decision by the prosecution to deem Tada, a car sharing service, an illegal business and subject the company’s executives to a trial. The taxi industry welcomed the move, while startups saw this as a major setback to their survival. Seoul Central [...]
SEOUL, Oct. 29 (Korea Bizwire) — South Korean prosecutors Monday indicted the heads of Tada, a ride-hailing service, declaring the app-based business illegal. Lee Jae-woong, chief executive of car-sharing app operator SoCar, and Park Jae-uk, chief executive of its rental car hailing service unit, Value Creators & Company (VCNC), will face a trial without physical [...]
SEOUL, Oct. 28 (Korea Bizwire) — Experts are concerned that shared kitchen services will only maximize profits for delivery businesses, while undermining the overall competitiveness of the food service industry. According to a study commissioned by the Korea Agro-Fisheries & Food Trade Corporation and conducted by the Korea Food Service Industry Management Institute (KFIM), the [...]
SEOUL, Oct. 28 (Korea Bizwire) — Internet searches for “new and used cars” have been on a steady decline over the past three years, while the number of “rental and lease cars” searches has been on the rise, a recent report has showed. According to U.S. digital marketing solutions firm SEMrush, the search volume for [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea’s transport ministry said Monday it will permit Fly Gangwon, the country’s seventh low-cost carrier, to begin operations next month, a move that could further heat up competition in South Korea’s aviation market. An air operator certificate to be issued to Fly Gangwon on Tuesday will allow the [...]