SEOUL, Mar. 19 (Korea Bizwire) — U.S. aircraft maker Boeing Co. said Friday that it expects rising demand for its single-aisle passenger jets in South Korea due to growth of low-cost carriers (LCCs). At a press conference in Seoul, Boeing forecast the Korean civil aviation market to continue to grow this year after posting an [...]
BUSAN, March 16 (Korea Bizwire) – Busan Port, South Korea’s maritime gateway, will modernize its network infrastructure to efficiently handle cargo traffic and improve safety, the oceans ministry said Friday. The Ministry of Oceans and Fisheries said it will use the Internet of Things (IoT) technology to upgrade the southeastern port’s cargo management system in [...]
SEOUL, March 15 (Korea Bizwire) — A study conducted by the Ministry of Health and Welfare has found that the average monthly wage of South Korean physicians was 13.04 million won in 2016, an amount 4.6 times and 8.7 times higher than the average monthly salaries of full-time laborers (2.79 million won) and non-regular workers [...]
SEOUL, Mar. 14 (Korea Bizwire) — Kakao Taxi’s plans to charge users fees for quicker cab bookings have drawn mixed reviews. The new service, which will see the taxi hailing app dispatch drivers to users who pay an additional fee first, was announced by Kakao Corp. during a press conference on Tuesday. The announcement came amid growing [...]
SEOUL, Mar. 13 (Korea Bizwire) — South Korean low-cost carriers are strengthening services on Chinese routes by opening new routes to one of Asia’s fastest growing economies. Jeju Air Co. will open a new route to Yantai in the northeastern part of Shandong province on April 5, the company said in a statement. The new [...]
SEOUL, March 12 (Korea Bizwire) — Sales of fresh food products in small quantities and home meal replacements have grown substantially with single- and dual-person households emerging as primary consumers. In the past two weeks, sales of GS Supermarket’s “single-serving vegetable” packets were 68.7 percent higher than in the two weeks directly following the date [...]
SEOUL, March 12 (Korea Bizwire) — Changes are occurring rapidly in the service industry as the minimum wage hike implemented this year has spurred on efforts to scale back labor costs. While convenience store chains are expeditiously implementing automated stores, dining establishments are actively experimenting with expanded self-service and self-checkout policies. Per industry insiders, Emart [...]
SEOUL, March 9 (Korea Bizwire) — At its corporate social responsibility conference held on Thursday, Ferrero Group said it would expand its social contribution efforts going forward. North Asia Operations Chief Craig Barker said at the conference held in Seoul, “South Korea is a very important market for Ferrero Group and presents opportunities for expansion [...]
SEOUL, Mar. 9 (Korea Bizwire) — Lotte Corp., the holding company of South Korean retail giant Lotte, said Friday it will continue to make major investments in Vietnam, as its head met with the country’s premier to seek support for the company’s various ongoing projects in the Southeast Asian country. During his meeting with Prime [...]
SEOUL, March 8 (Korea Bizwire) — Airbnb Inc. said Thursday about 15,000 tourists visited PyeongChang and its adjacent cities via the global room-sharing platform during the 2018 Winter Olympics, which wrapped up last week. The number of travelers who made reservations in Gangwon Province, including the Olympic host town of PyeongChang, some 180 kilometers east [...]