SEOUL, June 8 (Korea Bizwire) – Earlier this week, CJ CGV, South Korea’s largest multiplex operator, celebrated its 1 billionth moviegoer since it opened its first multiplex in Seoul in 1998. Multiplex cinemas currently dominate South Korea’s film market. As of 2016, CGV, Lotte Cinema, and Megabox – the big three cinema operators – boasted [...]
SEOUL, June 7 (Korea Bizwire) – President Moon Jae-in promised Wednesday to hire 1,500 new firefighters before the year’s end and a total of 19,000 before his five-year term ends. The 19,000 new firefighters and rescue workers will be included in 810,000 new jobs the president has pledged to create, but he said they will [...]
SEOUL, June 5 (Korea Bizwire) – Airbnb Inc. said Monday about 510,000 foreigners visited South Korea last year using its room-sharing platform in the latest sign of its growing popularity. The figure represents a 130-percent hike from 220,000 recorded in 2015, the website operator said. Separately, about 500,000 South Koreans also used Airbnb in traveling [...]
SEOUL, Jun. 5 (Korea Bizwire) — South Korean telecom providers are concentrating on children in their latest commercials, a new marketing focus that differs from strategies employed in the past. Traditionally, parents who have purchasing power have always been the main target audience for mobile providers in South Korea, until recently when companies began making [...]
SEOUL, June 2 (Korea Bizwire) – Okja, director Bong Joon-ho’s action-adventure film that wowed audiences at the Cannes Film Festival, is once again under fire, this time in South Korea, with Netflix choosing to release the film online at the same time as it is released at local theaters. Along with another Netflix film, The Meyerowitz [...]
SEOUL, June 1 (Korea Bizwire) – Lotte Duty Free, South Korea’s top duty-free operator, said Thursday it has set up a new outlet at a Vietnamese airport, making a foray into the Southeast Asian market. Lotte clinched a joint venture deal with a Vietnamese counterpart to co-run Phu Khanh Duty Free at the Da Nang [...]
SEOUL, June 1 (Korea Bizwire) – Air Busan, a South Korea budget carrier, has added one A321-200 aircraft to its fleet that will allow it to strengthen its customer service, the company said Thursday. The low-cost carrier has leased a total of 20 passenger jets, including the latest 195-seat airplane, and plans to increase the [...]
SEOUL, June 1 (Korea Bizwire) – The newly elected Moon Jae-in administration has reaffirmed its stance on cutting mobile phone bills for the socially marginalized in South Korea. In a business meeting with the Ministry of Science, ICT and Future Planning (MSIP) held today, Lee Gae-ho from the advisory committee for government planning said reducing [...]
SEOUL, June 1 (Korea Bizwire) – Amid fears of further Chinese economic retaliation over the South Korean deployment of a THAAD missile defense system, duty-free stores that were scheduled to open soon are scrambling to postpone their opening date. Last week, the Korea Duty Free Shops Association (KDFA) made an official request to the Korea Customs [...]
SEOUL, May 31 (Korea Bizwire) – South Korean online shopping giant Coupang is facing criticism over massive staff cuts in the wake of allegations of labor rights abuses that emerged yesterday. Coupang is widely known for its next day delivery service dubbed “Rocket Delivery”, but despite the popular policy that ships all items ordered before midnight [...]