SEOUL, Aug. 17 (Korea Bizwire) — South Korea’s government said Friday that it has decided not to revoke Jin Air’s license, ending weeks of business uncertainty for the low-cost affiliate of Korean Air Lines Co. over its illegal appointment of a foreign national to its board of directors. Under South Korean aviation law, only South [...]
SEOUL, Aug. 17 (Korea Bizwire) — Asiana Airlines said Friday it will partly cut back flight services to U.S. and European cities starting in October to comply with instructions by the government. The Ministry of Land, Infrastructure and Transport conducted a special inspection of the carrier earlier this month for its high rate of flight [...]
SEOUL, Aug. 8 (Korea Bizwire) — Hotels in Seoul and its vicinity are showing higher occupancy this summer as vacationers take refuge from record heat at accommodations not too far from home, their business data indicated Wednesday. Resort-style hotel Banyan Tree Club and Spa Seoul said its package sales rose 3 to 5 percent this [...]
SEOUL, Aug. 3 (Korea Bizwire) — With the Seoul Metropolitan Government beginning a crackdown on the use of disposable cups at coffee shops in the city, there were still a few outlets that offered plastic cups to their customers, although an official inspection by the city government concluded otherwise. When six coffee shops in Jongno-gu [...]
SEOUL, Aug. 1 (Korea Bizwire) – The South Korean government has found that “ChaCha,” an app-based car sharing service similar to that offered by Uber around the globe, is operating illegally. The Ministry of Land, Infrastructure and Transport (MOLIT) said that after numerous complaints from members of the public regarding the legitimacy of ChaCha’s services, [...]
SEOUL, Jul. 24 (Korea Bizwire) — In order to prevent the misuse of carsharing service vehicles, the government is pushing for a new system that would require users to verify their carsharing ID through a mobile device. The Ministry of Land, Infrastructure and Transport (MOLIT) revealed yesterday that a new verification system that would require [...]
SEOUL, Jul. 20 (Korea Bizwire) — Marriott International said Friday the company will remove disposable plastic straws and plastic stirrers from its more than 6,500 properties by July next year, joining global efforts to reduce plastic pollution. The announcement came less than two weeks after Starbucks Coffee Co. vowed to eliminate single-use plastic straws from [...]
SEOUL, Jul. 17 (Korea Bizwire) — Homepick, a joint venture by local energy giants SK Energy and GS Caltex to provide delivery service based on their network of gas stations, is defined by the following tagline: “We deliver within an hour if you’re home.” In the past, delivery service customers had to either wait at [...]
SEOUL, Jul. 17 (Korea Bizwire) — Shinsegae Chosun Hotel, the accommodation arm of South Korean retail giant Shinsegae, said Tuesday it plans to open a new boutique hotel in Seoul this week, marking the first time that the business group will operate an independent hotel brand. Hotel L’Escape, located next to Shinsegae’s main department store [...]
SEOUL, Jul. 13 (Korea Bizwire) — Owners of mom-and-pop stores on Friday called on the government to freeze the minimum wage in 2019, claiming rising labor costs will seriously impact their profitability. If the government moves to raise the minimum hourly wage from the current 7,530 won, the Korea Federation of Micro Enterprise (KFME) won’t [...]