SEOUL, Oct. 24 (Korea Bizwire) — A Japanese prefecture governor met with Asiana Airlines Inc.’s chief executive officer to discuss ways to keep the route to Miyazaki amid Japan’s export curbs, the company said Thursday. On Wednesday, Miyazaki Prefecture Gov. Kohno Shunji paid a visit to Asiana Airlines in Seoul to exchange views on ways [...]
SEOUL, Oct. 22 (Korea Bizwire) — A new type of service plan is being introduced in the water purifier market, which is the core of the household rental market. The water purifier market is expected to grow to around 10 trillion won (US$8.54 billion) next year. Recently, major rental companies have discovered new demand from [...]
SEOUL, Oct. 22 (Korea Bizwire) — South Korea’s gas stations are teaming up with courier service operators to utilize their facilities as logistics hubs as they bring a new wave in the local delivery industry. Hyundai Oilbank Co., a major refiner in South Korea, earlier this month signed a strategic partnership with Coupang Inc., the [...]
SEOUL, Oct. 21 (Korea Bizwire) — Aekyung Group, a South Korean cosmetics-to-airline conglomerate, said Monday it has formed a consortium with a local private equity fund (PEF) to submit a final bid for Asiana Airlines Inc. Aekyung and Stone Bridge Capital have joined hands to participate in the auction to acquire a controlling 31 percent [...]
SEOUL, Oct. 17 (Korea Bizwire) — The operation of water taxis on Seoul’s Han River for commuters and tourists has been operating in the red, with an average five people using the service a day in August this year, data released by the Seoul metropolitan government said Thursday. The data, submitted by the National Police [...]
SEOUL, Oct. 16 (Korea Bizwire) — Hundreds of South Korean airline pilots have joined Chinese airlines in the past five years, a ruling party lawmaker said Wednesday, amid a recent boom in the aviation industry. An Ho-young of the ruling Democratic Party said 460 pilots from eight local carriers joined foreign airlines, which usually offer [...]
SEOUL, Oct. 14 (Korea Bizwire) — Korean Air Lines Co., South Korea’s national flag carrier, said Monday it has offered a voluntary leave program to its employees amid deepening losses. In the unpaid leave program, employees who have worked for the company for over two years can take a three-month period of leave starting in [...]
SEOUL, Oct. 14 (Korea Bizwire) — Low-cost carriers (LCCs) will be a key growth driver for South Korea’s commercial aviation market and take the lead in the Northeast Asian region market, a Boeing executive said Monday. South Korean LCCs are currently leading the Northeast Asian commercial aviation market, accounting for 65 percent of the entire [...]
SEOUL, Oct. 14 (Korea Bizwire) — Netmarble Corp., South Korea’s top mobile gaming company, said Monday it has been chosen as the preferred bidder to buy Woongjin Coway Co., the country’s largest home appliance rental service provider. Netmarble will acquire a 25.08 percent stake in Woongjin Coway if the deal is completed. Woongjin Group put [...]
SEOUL, Oct. 11 (Korea Bizwire) — Recently, the food service industry has taken a new leap forward, with the convenience of online to offline delivery apps. However, critics are pointing out some of the side effects of fast-growing delivery service – employees who eat customers’ food and share tips for free meals, a serious matter. [...]