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S. Korea’s Full-server Carriers Tipped to Swing to Q2 Profit amid LCCs’ Struggles

S. Korea’s Full-server Carriers Tipped to Swing to Q2 Profit amid LCCs’ Struggles

SEOUL, Aug. 5 (Korea Bizwire) — Despite the coronavirus pandemic, South Korea’s two full-service airlines are expected to swing to a profit for the second quarter on increased cargo demand, industry sources said Wednesday. But seven low-cost carriers (LCCs) are widely predicted to suffer greater setbacks in the April-June period as the COVID-19 outbreak has [...]

Seoul’s Last-ditch Home Supply Plan Still in Doubt over its Viability

Seoul’s Last-ditch Home Supply Plan Still in Doubt over its Viability

SEOUL, Aug. 4 (Korea Bizwire) — South Korea on Tuesday unveiled an unprecedented plan to supply more than 130,000 homes in Seoul and adjacent areas over the next eight years in its latest struggle to contain a further rise in housing prices, which have even dragged down the Moon Jae-in administration’s approval ratings. But the [...]

GS Retail to Hire Local Residents to Deliver Products

GS Retail to Hire Local Residents to Deliver Products

SEOUL, Aug. 4 (Korea Bizwire) — A convenience store franchise plans to hire local residents with ample knowledge about the neighborhood to deliver various products. GS Retail Co., an operator of the major convenience store chain GS25, will begin testing its new ‘Neighborhood Delivery’ service, which is open to all applicants without limits to time [...]