SEOUL, Oct. 17 (Korea Bizwire) — An increasing number of taxi drivers are joining action to oppose a newly proposed carpooling venture from Kakao Mobility. The drivers of nearly 70,000 taxis in Seoul announced that they would stop all operations to participate in a rally to be held in the capital city’s Gwanghwamun district at [...]
SEOUL, Oct. 17 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it will support 500 startups over the next five years in response to the government’s call to bolster the national economy and create more jobs. The project comes as a follow-up of Samsung Electronics’ announcement made in August, when it vowed to invest a [...]
SEOUL, Oct. 16 (Korea Bizwire) — Taxi drivers saw a more than 37 percent rise in their income after Kakao Taxi, a mobile taxi-hailing service, was introduced three and a half years ago. Kakao Mobility announced on Monday that taxi drivers, who used to earn 110,894 won per day back in early 2016, now earn [...]
SEOUL, Oct. 15 (Korea Bizwire) — Korean TV broadcasters are undecided on how to best deal with Netflix, the global over the top (OTT) content provider that distributes streaming media. For now, the major terrestrial TV stations have stated that they will not sell their latest content to Netflix. But non-terrestrial TV production houses such [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea’s leading food delivery app Baedal Minjok, or Baemin for short, said Sunday it began services for single-member households to meet their growing demands. If they order food through Baemin services, consumers now can order food worth less than 10,000 won (US$8.80) for one person, the company said [...]
SEOUL, Oct. 11 (Korea Bizwire) — The number of corporate messaging services through the country’s top mobile messenger KakaoTalk is surging and forecast to reach 15 billion this year, data showed Thursday. In September 2015, the company launched the so-called Notification Talk, or Allim Talk, service that allows corporations such as shopping malls and credit [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korean mobility startup VCNC said Monday it has launched a new ride-hailing service in Seoul and an adjacent city with 11-seat vans in a move to get around a local transportation law. VCNC said hundreds of its passenger vans offer a service called Tada in Seoul and Incheon, [...]
SEOUL, Oct. 2 (Korea Bizwire) — The proliferation of delivery service apps due to the rise of single-person households and the ubiquity of smartphones among the mass public combined with the monopolistic structure that these delivery services have created has resulted in an onerous burden for restaurant owners. Addressing this very issue, the Korea Franchise [...]
SEOUL, Oct. 2 (Korea Bizwire) – The number of people newly subscribing to the country’s three mobile operators after quitting low-cost mobile carriers exceeded 490,000 this year, industry data showed Tuesday. According to the data by the Korea Telecommunications Operators Association (KTOA), a total of 494,345 people left plans provided by budget carriers and switched [...]
SEOUL, Oct. 1 (Korea Bizwire) — CJ Logistics Corp., a major South Korean logistics firm, said Monday it will build a new distribution center and hire thousands more couriers in Thailand in the next two years to become the No. 1 player in the Southeast Asian country’s parcel service sector. The company began its parcel [...]