SEOUL, Nov. 30 (Korea Bizwire) – Korea Post is toying with the idea of replacing motorcycles with one-person electric cars as part of efforts to tackle the prevalent issue of ‘overwork death’ among postal workers. According to Kang Seong-joo, the newly-elected director of the headquarters of Korea Post on Thursday, the introduction of single-seater electric cars [...]
SEOUL, Nov. 27 (Korea Bizwire) — Lotte Duty Free, South Korea’s top duty-free operator, said Monday it will open its second airport outlet in Vietnam at the country’s southeastern city of Nha Trang next year. The duty-free operator said it secured the exclusive rights to run the store until 2028 at Cam Ranh International Airport’s [...]
SEOUL, Nov. 27 (Korea Bizwire) – Shinsegae Shopping has announced it will display two items together via a split screen to present more choice to customers. The bold move by the television-based South Korean e-commerce channel service will begin on Monday on olleh tv, where a small screen showcasing another product will appear next to the [...]
SEOUL, Nov. 24 (Korea Bizwire) – Jin Air Co., a major South Korean budget carrier, will seek to become a global industry leader after its listing on the country’s main stock market, the company head said Friday. Jin Air Co., the low-cost carrier unit of Hanjin KAL Corp., is slated to debut on the main [...]
SEOUL, Nov. 23 (Korea Bizwire) – Lotte Confectionery Co., a key food unit of South Korean retail giant Lotte, said Thursday it has purchased an Indian ice cream company for 164.5 billion won (US$151 million) to tap deeper into the large South Asian market. Lotte Confectionery acquired the entire 1 million shares of Havmor Ice Cream to expand its presence in India’s snack [...]
SEJONG, Nov. 22 (Korea Bizwire) – Sales at South Korea’s transportation sector gained ground for two years in a row last year on an increase in land and air services, government data showed Wednesday. The combined sales of local transportation firms totaled 141.2 trillion won (US$129.4 billion) in 2016, up slightly from 140.9 trillion won tallied a year ago, according to the data compiled by Statistics Korea. The 2016 figure marked the [...]
SEOUL, Nov. 22 (Korea Bizwire) — Airbnb Inc. said Wednesday it has signed an agreement with the organizing committee for the 2018 PyeongChang Winter Olympics to handle the influx of visitors amid growing concerns over lack of rooms and high prices in the host city. Under the deal, Airbnb said it will work with the [...]
SEOUL, Nov. 22 (Korea Bizwire) – In the latest chapter of the controversy revolving around rideshare startup Poolus’ 24/7 pickup feature, taxi drivers marched on the Seoul City Hall en masse, dashing the metropolitan government’s plans to hold a town hall meeting of reps from the carpooling, taxi and government sectors to hash out a [...]
SEOUL, Nov. 20 (Korea Bizwire) — The trade deficit in South Korea’s tourism industry rose to a record high level in the first eight months of this year, due largely to a drop in Chinese visitors following a diplomatic row between Seoul and Beijing over a U.S. missile defense system here, data showed Monday. The [...]
SEOUL, Nov. 16 (Korea Bizwire) — South Korea’s airlines will impose higher fuel surcharges on international passengers next month due to the rise in jet fuel prices, industry sources said Thursday. Local airlines didn’t impose fuel surcharges on long-haul routes from May to September, as the average price of jet fuel remained below the benchmark [...]