SEOUL, Oct. 20 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Wednesday it will resume flights to Hawaii next month after suspending the route for 19 months due to the COVID-19 pandemic. Korean Air made the decision to preemptively prepare for the post-pandemic travel demand as the government plans to adopt [...]
SEOUL, Oct. 19 (Korea Bizwire) — Coworking spaces that once filled up downtowns and skyscrapers are now being set up in subway stations and residential areas following the coronavirus outbreak, targeting demand for ‘near-home offices’ that resolve the shortcomings of working at home while reducing commuting time. Coworking space providers like Fast Five, WeWork and [...]
SEOUL, Oct. 19 (Korea Bizwire) – Jeju Air Co., South Korea’s biggest budget carrier, said Tuesday it will launch charter flights to Chiang Mai next month for tourists to enjoy golf courses in Thailand. Jeju Air said it will operate a flight every Friday on the Incheon-Chiang Mai route starting on Nov. 5. The scheduled [...]
SEOUL, Oct. 14 (Korea Bizwire) — Yanolja Co., a leading South Korean travel platform operator, said Thursday that it signed an agreement to buy a 70 percent stake in e-commerce businesses of Interpark Corp. for 294 billion won (US$248 million). Yanolja said its move to acquire Interpark’s travel, performing arts, shopping and book businesses is [...]
SEOUL, Oct. 14 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest budget carrier, said Thursday it will raise 127 billion won (US$107 million) by selling stocks in preparation for the post-coronavirus era. Jeju Air plans to issue 11.26 million shares at 18,350 won per share to employees and existing shareholders from Oct. 18-19 and [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s taxi-hailing market, dominated by internet giant Kakao Corp.’s mobility unit, is facing a new challenger. Viva Republica Inc., the operator of financial app Toss, recently acquired 60 percent stake in VCNC, the company behind ride-hailing service Tada. Tada currently operates a taxi-hailing app after its popular van-hailing [...]
SEOUL, Oct. 11 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest airline, will resume offering business class services on domestic flights starting next month, industry insiders said Monday, as it tries to improve profitability amid the COVID-19 pandemic. Asiana will begin running business class cabins on select domestic flights Nov. 5, according to company [...]
SEOUL, Sept. 29 (Korea Bizwire) — An increasing number of catering companies are going beyond the limit of providing simple meals towards supporting health management and improvement of dietary habits using state-of-the-art technology. CJ Freshway Corp., a food distribution and catering affiliate of CJ Group, teamed up with food data analysis start-up NUVI Lab in [...]
SEOUL, Sept. 28 (Korea Bizwire) — E-commerce giant Coupang Inc. is facing suspicion that its customer data is being managed by a subsidiary in China and the risk of information leakage is high since the Chinese government can access such information. Independent lawmaker Yang Jung-suk claimed that Coupang has stored and managed customer and location [...]
SEOUL, Sept. 26 (Korea Bizwire) — South Korea’s full service carriers, including Korean Air Lines Co., are predicted to post strong earnings in the third quarter of the year on the back of a rise in air cargo rates, analysts said Sunday. In a consensus estimate of 10 analysts by Yonhap Infomax, the financial news [...]