SEOUL, Oct. 11 (Korea Bizwire) — The sale of Woongjin Coway Co., South Korea’s largest home appliance rental service provider, has taken a turn after the country’s top mobile gaming company Netmarble Corp. made an unexpected bid, industry insiders said Friday. Netmarble and the U.S. private equity firm Bain Capital were the two final bidders [...]
SEOUL, Oct. 10 (Korea Bizwire) — A new commercial for Korean Air Lines Co. is raising controversy over the treatment of animals. Korean Air recently screened a promotional video created for its new flight route opened between Incheon and Boston. The video stars a Boston Terrier sneaking into a Boston bag to try to return [...]
SEOUL, Oct. 7 (Korea Bizwire) — The operator of rental van-hailing service Tada said Monday it will sharply increase the number of service vehicles and drivers next year to meet rising demand. But its expansion strategy drew an immediate backlash from the country’s transportation authorities, which have been seeking to intervene in months-long wrangling between [...]
SEOUL, Oct. 7 (Korea Bizwire) — Air Busan Co., a budget carrier unit of Asiana Airlines Inc., said Monday it will open five new routes as part of a diversification strategy. Air Busan plans to begin services on routes from Incheon to Ningbo, a sub-provincial city in northeast Zhejiang province, Nov. 12 and Shenzhen, a [...]
SEOUL, Oct. 6 (Korea Bizwire) — The rental van-hailing service Tada said Sunday that its service will be available across all metropolitan areas by the end of this year. The Tada service, launched in October last year and operated by car-sharing app SoCar’s subsidiary Value Creators & Company (VCNC), will expand services — which now [...]
SEOUL, Oct. 3 (Korea Bizwire) — Nearly half of the restaurants that newly opened in 2013 had gone out of business by September this year, data showed Thursday, due mainly to the prolonged economic slump and rising costs. Around 15,000 of the 31,000 restaurants, cafes and bars that launched six years ago in the capital [...]
SEOUL, Oct. 2 (Korea Bizwire) — Korean Air Lines Co., South Korea’s national flag carrier, said Wednesday it will open four new routes to China and the Philippines later this month amid declining demand to Japan. Korean Air will begin services on routes to Clark, Philippines, and Nanjing, China, on Oct. 27 and to Zhangjiajie [...]
SEOUL, Oct. 1 (Korea Bizwire) — U.S. electric scooter company Lime said Tuesday it will begin e-scooter sharing services in South Korea on Friday to capture burgeoning demand for urban mobility solutions. South Korea will be the first Asian market where Lime will introduce its e-scooter sharing platform, Lime Korea said in a statement. “We [...]
SEOUL, Sept. 30 (Korea Bizwire) — As South Korean broadcasters and IT firms scurry to reorganize and launch new over-the-top (OTT) services, the question of how to create bankable content is determining survival in the Netflix-led market. The country’s three terrestrial broadcasters — KBS, MBC and SBS — opened a new over-the-top (OTT) platform service, [...]
SEOUL, Sept. 30 (Korea Bizwire) — The number of car-sharing service users who can borrow and return cars has increased more than 40-fold over the past five years. According to data submitted by the Korea Road Traffic Authority to Rep. Lee Hu-sam of the ruling Democratic Party, the number of users of car-sharing services increased [...]