INCHEON, South Korea, June 22 (Yonhap) – Air Seoul Inc., a South Korean budget carrier, said Thursday it will focus its business on foreign destinations and has no plan to fly on domestic routes. In October last year, Air Seoul joined the country’s five low-cost carriers — Jin Air Co., Jeju Air Co., Air Busan [...]
SEOUL, June 21 (Korea Bizwire) – New regulations targeting insurance packages sold on shopping channels have seen fewer customers misled by false advertising. The Korea Life Insurance Association said on Tuesday that the measures implemented to counter misleading advertising introduced last year have helped curb what are widely known in South Korea as ‘incomplete sales’, a [...]
BUSAN, June 19 (Korea Bizwire) – The city of Busan on South Korea’s southeastern coast said Monday it will strengthen cooperation with the Argonne National Laboratory, a research institute funded by the U.S. Department of Energy, on decommissioning nuclear reactors following the shutdown of a commercial nuclear reactor in the city. Busan Mayor Suh Byung-soo [...]
SEOUL, Jun. 19 (Korea Bizwire) — Local hotels are looking for tie-ups with airline companies to bring cabin crews to their facilities as they search for hidden markets to survive stiff competition, industry officials said Sunday. Flight attendants and cockpit crews spend nearly half a year overseas and stay up to four days at a [...]
SEOUL, June 16 (Korea Bizwire) – South Korean carsharing provider Socar’s number of vehicles has exceeded 7,000 for the first time in the industry, the company said yesterday. When Socar launched its service in 2012, the company only had 100 vehicles. From then, the number increased to 400 in 2013, then 1,800 in 2014. After [...]
SEOUL, June 16 (Korea Bizwire) – Lotte Duty Free, South Korea’s top duty-free operator, said it opened an outlet in central Bangkok on Friday, making its first foray into the key Southeast Asian market. The shop, located inside entertainment and retail complex Show DC, is only partially operational at the moment, with the grand opening [...]
SEOUL, June 14 (Korea Bizwire) – South Korea’s major offline insurers have emerged as major players in the country’s online life insurance market, data showed Tuesday, as they focused marketing activities on savings-type policies, which life planners shun due to low commissions. Kyobo Lifeplanet Life Insurance Co., an Internet arm of Kyobo Life Insurance, became the largest online life insurer with the initial premium payments of 1.28 billion won (US$1.1 million) [...]
SEOUL, June 12 (Korea Bizwire) – CJ Korea Express has launched a meal delivery service for the first time in the logistics industry in South Korea, catering to the growing number of single households and working couples in the country. From 10 p.m. to 7 a.m. every day, the company’s new service will see ready-made meals [...]
SEOUL, June 9 (Korea Bizwire) – South Korea’s major hospitals are serving special meals for foreign patients as a growing number are receiving treatment in the country, observers said Friday. Kyunghee University Hospital in Gangdong, southeastern Seoul, held a gathering Friday showcasing a different variety of meals for Russian patients that featured menus for diabetic [...]
SEOUL, June 8 (Korea Bizwire) – Lotte Shopping Co., the retail unit of Lotte Group, said Thursday its cinema department will be hived off later this year, a move it says will boost each unit’s business competitiveness. During a regular board meeting Thursday, the members approved the plan to spin off the company’s cinema business [...]