SEOUL, Aug. 22 (Korea Bizwire) — The number of Chinese tourists in South Korea declined nearly 70 percent on-year last month, marking a drop for five straight months following China’s ban on sales of Korea-bound trips amid a diplomatic row over the deployment of a U.S. anti-missile system here, government data showed Tuesday. The tally [...]
SEOUL, Aug. 10 (Korea Bizwire) — Uber Technologies Inc. launched its food delivery service in South Korea on Thursday, joining the country’s heated delivery service app market. The mobile application UberEATS allows users to select food from registered restaurants and deliver the dishes by its delivery partners, its local unit Uber Korea said. “Food delivery [...]
SEOUL, Aug. 10 (Korea Bizwire) – Korean Air Lines Co., South Korea’s top airline, said Thursday that it suffered a loss in the second quarter on currency-related issues. The country’s flag carrier logged a net loss of 200 billion won (US$175 million) in the April-June period, the company said in a regulatory filing. But its [...]
SEOUL, Aug. 10 (Korea Bizwire) – Asiana Airlines Inc. said Thursday its losses widened in the second quarter from a year earlier due to foreign currency-related losses. Net loss reached 74.7 billion won (US$65.3 million) in the April-June period, compared to a loss of 26.7 billion won a year earlier, the company said in a [...]
SEOUL, Aug. 8 (Korea Bizwire) – A group of 14 local shipping firms launched a business alliance on Tuesday so they can work together to develop new shipping routes and operate overseas terminals. Hyundai Merchant Marine Co., Pan Ocean Co. and 12 other shipping companies that are mainly involved in routes in the Asian region [...]
SEOUL, Aug. 8 (Korea Bizwire) — A majority of part-time workers expect they will be replaced by kiosks due to the rise in minimum wage, with those working at restaurants and cafes expressing the most concern, a portal survey said Tuesday. Alba, a portal for job seekers, asked 644 members between July 27 and Aug. [...]
SEOUL, Aug. 7 (Korea Bizwire) — WeWork, a global shared office space provider, said Monday it will invest a combined US$500 million in South Korea and Southeast Asia as it attempts to expand its presence in the Asian market. Under the expansion plan, the New York-based company has appointed Matt Shampine, currently head of Marketing [...]
SEOUL, Aug. 7 (Korea Bizwire) — Foreign tourists will no long have to fear the language barrier in South Korea – at least in some departments stores. Robots offering translation services are expected to resolve some of the inconvenience associated with communicating in Korean for foreign tourists. Hancom, an IT software company said on August [...]
SEOUL, Aug. 3 (Korea Bizwire) — A new report has claimed South Korea’s ageing population will reshape the landscape of the country’s industry. The report from the Bank of Korea (BOK) released on Wednesday discusses the relationship between an ageing population and industrial structure, welfare and the healthcare service industry. In the report, Kang Jong-gu, the [...]
SEOUL, Aug. 3 (Korea Bizwire) — Small business owners in South Korea are making moves to adapt to the country’s new minimum wage hike, as a new survey shows nine in ten will downsize to offset the expected economic impact. The surprising findings from a survey conducted by the Korea Federation of Micro Enterprise last month [...]