SEOUL, Jun. 27 (Korea Bizwire) — Controversy is looming over customer reviews for restaurants offering delivery services. Customer reviews are seen as an important factor in restaurant choice, especially in a highly competitive food service industry. There are negative reviews, however, that are being questioned as to their authenticity and how much they reflect the [...]
SEOUL, Jun. 27 (Korea Bizwire) — Doing business in a legal gray area needs a lot of guts and an elaborate scheme, and that is especially so in South Korea’s tightly regulated taxi industry, which sets high barriers for mobility startups seeking to enter the market without taxi licenses. The latest major challenger is Tada [...]
SEOUL, Jun. 26 (Korea Bizwire) — South Korea said Wednesday that it will provide 70 trillion won (US$60.5 billion) to nurture the service sector and will speed up the process for a multibillion-dollar project to build a theme park. Hong Nam-ki, the minister of economy and finance, said development of the service industry is a [...]
SEOUL, Jun. 25 (Korea Bizwire) — An increasing number of South Koreans booking their own flights and accommodations online rather than using travel agency package products when they travel abroad. However, there have been a number of complaints regarding the use of global lodging and airline reservation websites. According to the Korea Consumer Agency (KCA) [...]
SEOUL, Jun. 24 (Korea Bizwire) — The sluggish food service industry in South Korea is eyeing the newly rising concession market. A concession refers to the service of providing food and beverages at a multi-purpose facility leased by a certain company. Hotels and restaurants run by a subcontractor and highway service stations are forms of [...]
SEOUL, Jun. 21 (Korea Bizwire) — Delta Air Lines Inc.’s surprise move to invest in Hanjin KAL, the parent company of its joint venture partner Korean Air Lines Co., will help its partner fend off growing pressure from a local activist fund to change its leadership and improve its corporate governance, industry sources said Friday. [...]
SEOUL, Jun. 19 (Korea Bizwire) — As the center of the food service industry is shifting to the delivery market, initiatives to attempt to woo celebrities to certain platforms as well as reward consumers with coupons are stirring up controversy. Baedal Minjok, South Korea’s leading food delivery app, recently drew the ire of the public [...]
SEOUL, Jun. 19 (Korea Bizwire) — Korean Air Lines Co. said Wednesday it has signed a deal to purchase 30 B787 passenger jets to modernize its fleet, with delivery set to begin next year. Korean Air signed a memorandum of understanding with Boeing to purchase 20 B787-10 planes and 10 B787-9s at the 53rd International [...]
SEOUL, Jun. 18 (Korea Bizwire) — The hotel industry has joined the trend of Newtro, “New+Retro,” a reinterpretation of retro, which has emerged as a marketing keyword for the retail and fashion industries since last year. Implementing such a trend in the hotel industry is hard to think of in the past, when hotels were [...]
SEOUL, Jun. 7 (Korea Bizwire) — After a brief hiatus, local activist hedge fund Korea Corporate Governance Improvement (KCGI) is again ramping up its pressure on Hanjin KAL Corp., the holding company of logistics-centered Hanjin Group which has been increasingly under pressure to improve its corporate governance and even change its management, industry sources said [...]