SEOUL, March 10 (Korea Bizwire) — In the midst of the rapid growth of the e-commerce market resulting from the COVID-19 pandemic, the demand for logistics warehouses that are needed for storing, loading, unloading and sorting cargo is growing at a healthy pace. The online real estate information provider Real Estate 114 analyzed the cases [...]
SEOUL, March 5 (Korea Bizwire) — Kakao Mobility, the mobility business unit of Kakao Corp. is spurring efforts to promote the introduction of electric taxis. The company recently launched an ‘Electric Taxi Support Program’ for privately owned taxi drivers who want to join the company’s affiliated taxi service, Kakao T Blue. The existing members of [...]
SEOUL, March 3 (Korea Bizwire) — South Korea on Wednesday unveiled another set of measures to support airlines hit hard by the COVID-19 pandemic in the latest move to help airlines stay afloat during the crisis. The government will continue to reduce the airport usage fee for the airlines until June, the Ministry of Land, [...]
SEOUL, March 2 (Korea Bizwire) — South Korea’s online food delivery service market spiked nearly 80 percent in 2020 from a year earlier amid the coronavirus pandemic, government data showed Tuesday. The value of online food service transactions came to 17.4 trillion won (US$15.5 billion) last year, up 78.6 percent from the previous year, according [...]
BUSAN, March 1 (Korea Bizwire) — A tech startup in the southeastern port city of Busan is drawing attention after it launched a maritime drone delivery business, a first in South Korea. Marine Drone Tech, a specialist in drone technologies, is the first company in the country to receive a registration certificate to operate a [...]
SEOUL, Feb. 24 (Korea Bizwire) — The polarization of profits between full-service carriers (FSCs) and low-cost carriers (LCCs) is worsening as air travel demand has plunged in the aftermath of the coronavirus pandemic. While LCCs are following in the footsteps of two FSCs — Korean Air Lines Co. and Asiana Airlines Inc. – to fly more flights [...]
SEOUL, Feb. 22 (Korea Bizwire) — South Korean travel agencies said Monday they saw their annual sales plummet more than 80 percent last year due to the COVID-19 pandemic and are in urgent need of relief measures from the government. “(Travel agencies) can no longer shoulder their fixed costs due to mounting debts and their [...]
SEOUL, Feb. 22 (Korea Bizwire) — Competition is heating up among South Korea’s major online shopping site operators to speed up their delivery services. A substantial number of online shopping malls are looking for ways to provide same day delivery to their customers, as well as next day delivery like Coupang’s Rocket Delivery service. South [...]
SEOUL, Feb. 22 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Monday it has converted two additional passenger jets into cargo planes to offset a sharp decline in air travel demand amid the coronavirus pandemic. Asiana has converted two more A350-900 passenger jets into cargo carriers to meet cargo-transporting demands in Asia, [...]
SEOUL, Feb. 16 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest airline by sales, said Tuesday its net losses narrowed in 2020 from a year earlier on cost cuts and other self-help measures. Net losses narrowed to 404.51 billion won (US$367 million) last year from 817.89 billion won the previous year as the company [...]