SEOUL, Dec. 30 (Korea Bizwire) — South Korean stock markets have shed more than 250 trillion won in market capitalization this year, standing in stark contrast to the record-setting rallies seen in other major global markets. According to the Korea Exchange, as of December 27, the main KOSPI market’s capitalization stood at 1,966.96 trillion won, while [...]
SEOUL, Dec. 30 (Korea Bizwire) — The government said Monday it plans to conduct a safety inspection of all Boeing 737-800 aircraft operated by domestic airlines following a Jeju Air Co. plane crash that claimed 179 lives the previous day. In Sunday’s Jeju Air crash in the southwestern county of Muan, it is believed that all three [...]
SEOUL, Dec. 30 (Korea Bizwire) — Samsung Group, South Korea’s largest conglomerate, has seen its market capitalization plummet by over 160 trillion won this year, marking a significant contraction in its dominance on the domestic stock market. As of December 26, the total market value of Samsung’s 22 listed companies, including Samsung Electronics, Samsung Biologics, [...]
SEOUL, Dec. 30 (Korea Bizwire) — A Jeju Air flight that took off in South Korea on Monday has returned to the airport of departure due to the same landing gear issue that was found in a deadly crash involving a separate aircraft of the same model the previous day, according to industry sources. Jeju Air Flight [...]
JEJU, Dec. 30 (Korea Bizwire) — Jeju’s government-run food delivery app Mukkebi has achieved a milestone of over 10 billion won ($7.5 million) in cumulative transactions just two years after its launch in December 2022. According to the Jeju Provincial Government, as of December 23, 2024, the platform has registered 44,064 members and 3,352 partner restaurants. [...]
SEOUL, Dec. 30 (Korea Bizwire) — Starbucks Korea announced its top 10 best-selling beverages of 2024, with the classic “Café Americano” once again claiming the top spot. Following closely was the “Café Latte,” maintaining its second-place ranking since the company began tracking sales rankings in 2009. For the first time, a tea-based drink, “Grapefruit Honey Black [...]
SEOUL, Dec. 29 (Korea Bizwire) — A tragic plane crash at Muan International Airport on December 29 has brought renewed scrutiny to South Korea’s aviation safety record. Over the past decade, 67 accidents involving Korean-registered aircraft have claimed 59 lives, according to the Ministry of Interior and Safety’s 2023 Disaster Yearbook. The crash, involving a Jeju [...]
MUAN, South Korea , Dec. 29 (Korea Bizwire) — Various interpretations have emerged regarding the cause of the deadly airliner crash in South Korea’s southwestern county of Muan on Sunday, with initial investigations pointing to airframe failure following a “bird strike” as the main culprit. The exact cause remains uncertain but some analysts are already [...]
MUAN, South Korea , Dec. 29 (Korea Bizwire) — A devastating accident involving Jeju Air Flight 7C2216 at Muan International Airport on December 29 has left a trail of grief as families and travelers returning from holiday trips faced a tragic end. Among the 181 passengers onboard was an 80-year-old patriarch from Yeonggwang County, identified [...]
SEOUL & SUWON/ MUAN, Dec. 29 (Korea Bizwire) — Following a bird strike incident involving Jeju Air at Muan International Airport on December 29, 2024, experts are calling for comprehensive measures to mitigate such hazards, a leading cause of aviation safety concerns globally. Bird strikes, collisions between birds and aircraft, are common near airports due to [...]