ULSAN, South Korea, Jan. 3 (Korea Bizwire) — Korean Air Lines Co. will fly its new CS300 aircraft on the Seoul-Ulsan route later this month, Ulsan city government said Wednesday. South Korea’s flagship carrier will fly two fuel-efficient 127-seat CS300s, manufactured by Canadian aircraft company Bombardier, on domestic routes linking Seoul to Ulsan, Pohang, Yeosu [...]
SEOUL, Jan. 3 (Korea Bizwire) – Woongjin Corp. said Wednesday it will re-enter the water purification business, five years after it sold off South Korea’s top water purification maker amid financial difficulties. In 2013, then cash-strapped Woongjin sold a 30.9 percent stake in Woongjin Coway Co. for about 1.2 trillion won (US$1 billion) to MBK [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korean car-sharing startup SoCar said Wednesday it will launch its business in Malaysia this month in its first overseas expansion. SoCar, a leading player in the country’s car-sharing industry, is planning to establish 120 zones with 240 automobiles in the Southeast Asian country, it said. Members who sign [...]
SEOUL, Dec. 27 (Korea Bizwire) – Home shopping TV channels charged the biggest commissions on sales this year compared with department stores, online malls and discount outlets, South Korea’s antitrust watchdog said Wednesday. Home shopping channels received an average 28.4 percent commission, the Fair Trade Commission said, citing its survey of 19 home shopping channels, department stores, online malls and large discount outlets. The comparable figures were 22 percent for department stores, [...]
SEOUL, Dec. 21 (Korea Bizwire) — Most luxury restaurants and buffet restaurants at major hotels in Seoul have almost been fully booked for Christmas and year-end holidays, industry sources said Thursday. Viking’s Wharf, a lobster buffet restaurant chain, said it has completed accepting reservations for tables at its outlets in Jamsil and Yeouido for the [...]
SEOUL, Dec. 18 (Korea Bizwire) – T’way Air Co., one of South Korea’s six budget carriers, said Monday it has begun to offer flights on new routes to two Taiwanese cities as part of its diversification effort. T’way Air began services on the route from the Incheon International Airport to Kaohsiung on Friday and Taichung [...]
SEOUL, Dec. 13 (Korea Bizwire) – At least half of the workers holding down service jobs in the retail sector have reported to work despite feeling unwell, a survey has found. Working while sick was one topic of discussion that was held among National Assembly politicians on December 13, during which the results of a [...]
SEOUL, Dec. 12 (Korea Bizwire) — Hyundai Merchant Marine Co. said Tuesday it will soon launch a block train service to Europe via the Trans China Railway (TCR) from South Korea. The unit train service to Europe by way of China will be the first of its kind, although South Korean firms have already launched [...]
SEOUL, Dec. 1 (Korea Bizwire) – The government’s investigation into allegations that Android phones secretly collected users’ location data is a rising subject of concern for many, who worry that existing laws have a severely limiting effect on any penalties the government may dole out. For the particular violation that Google is accused of, the [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean retail giant Lotte Group said Friday that it has purchased a hotel and farm in Russia as it seeks to tap deeper into the overseas markets. Hotel Lotte, the lodging and accommodation arm of South Korea’s fifth-largest conglomerate with sprawling businesses in food, retail and construction, bought [...]