SEOUL, March 8 (Korea Bizwire) — One by one, Samsung Electronics is pulling the plug on its mobile content offerings. Though the South Korean tech giant leaped into the mobile content and services market to make maximum use of its dominant position as the world’s largest smartphone maker, attempts to dislodge firmly entrenched market incumbents [...]
SEOUL, March 7 (Korea Bizwire) — Major South Korean telecom companies LG Uplus and SKT have revised their mobile phone plans to boost their user base, while KT has been rumored to follow suit. According to sources close to the industry on Tuesday, KT is expected to be the last among the three major mobile carriers [...]
SEJONG, March 7 (Korea Bizwire) — From a women-only floor to catalog shopping from the comfort of one’s room, a growing number of luxury hotels are introducing new services to differentiate themselves amid growing competition in the industry. Some of the unique services include a direct luggage delivery service from the hotel to the airport. According [...]
SEOUL, March 5 (Korea Bizwire) — Despite growing awareness of the importance of work-life balance, owners of small businesses have a poor quality of life, a study published on Monday has revealed. According to the study conducted by the Korea Federation of SMEs, South Korean small business owners work six days a week, 11 hours a [...]
SEOUL, Feb. 27(Korea Bizwire) — A growing number of South Koreans are using a regular delivery service to order household necessities to keep up with their busy lifestyle. According to data from Shinhan Card released last Saturday, spending on regular delivery services for men’s grooming products such as razors and shirts rose by 111.2 percent during [...]
SEOUL, Feb. 26 (Korea Bizwire) – South Korea’s budget carries transported a record high of over 20 million passengers for the whole of 2017, up sharply from the year before, industry data showed Saturday. Numbers provided by the transportation ministry and the tourism sector showed the country’s six low cost carriers (LCCs) ferried 20.3 million people, up a sharp 41.9 [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s trade deficit in the tourism sector hit a new record high last year, data showed Wednesday, due largely to a drop in Chinese visitors and a growing number of South Koreans traveling abroad. The country’s tourism-related earnings came to US$13.32 billion in 2017, down 22.5 percent from [...]
SEOUL, Feb. 14 (Korea Bizwire) – South Korean bio firm Greencross Medical Science Corp. (GCMS) said Wednesday that it has signed an agreement to export its blood pack manufacturing technology to Indonesia-based PT. Mitra Global Hanindo. Under the contract worth 40 billion won (US$37 million), GCMS will supply 6.1 billion won of complete blood bag products and 30.7 billion won in partly made packs. Also, the South Korean firm will receive 3.2 [...]
PYEONGCHANG, Feb. 12 (Korea Bizwire) — Many hotel rooms in Pyeongchang and the surrounding area are vacant despite the influx of tourists attending the Winter Olympics, as reports of rip-off prices seem to have put tourists off staying in the area. According to the latest figures from the Gangwon provincial government, only 45 percent of the [...]
SEOUL, Feb. 9 (Korea Bizwire) – Lotte Card Co., a South Korean credit card firm, said Friday it has begun selling Visa wearable payment devices for the 2018 Winter Olympics and Paralympics in PyeongChang. Visa is the only credit card that can be used for payments at the Winter Games as it is an official [...]