SEOUL, Dec. 8 (Korea Bizwire) — Sales of South Korea’s transportation industry reached an all-time high in 2019 thanks to a surge in demand for home deliveries, government data showed Tuesday. The transportation sector’s top line stood at nearly 152 trillion won (US$140 billion) last year, up 3.5 percent from the previous year, according to [...]
SEOUL, Dec. 7 (Korea Bizwire) — Korean Air Lines Co. said Monday it will begin charging additional fees on emergency exit row seats when booking international flights next year. South Korea’s biggest carrier said on its website that optional fees will be charged on exit row seats with extra legroom, which are located in the [...]
SEOUL, Dec. 2 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Wednesday it will conduct due diligence on Asiana Airlines Inc. until mid-March while drawing up an integration plan for the two airlines. Korean Air plans to raise 2.5 trillion won through rights offering early next year and spend 1.8 trillion [...]
SEOUL, Dec. 1 (Korea Bizwire) — A South Korean court on Tuesday rejected an injunction filed by a local equity fund against Hanjin KAL’s stock sales meant to fund its affiliate Korean Air Lines Co.’s takeover of smaller rival Asiana Airlines Inc., clearing one of the hurdles for the largest deal ever in the airline [...]
SEOUL, Dec. 1 (Korea Bizwire) — Despite stronger social distancing measures being rolled out in South Korea resulting from the spread of the COVID-19 pandemic, local consumers are showing signs of no panic buying with sales at online shopping malls growing at a marginal rate. Shinsegae Co.’s integrated online shopping mall SSG.COM said that its [...]
SEOUL, Nov. 30 (Korea Bizwire) — An increasing number of delivery workers are choosing to deliver parcels on foot, rather than using other means of transportation. Women, in particular, are tapping into the delivery business to earn money and get a bit of a work out at the same time. Neighborhood Delivery, a new on-foot [...]
SEOUL, Nov. 30 (Korea Bizwire) — Incheon International Airport, the country’s main gateway, reported higher than expected parking revenue this year despite the prolonged outbreak of the COVID-19 pandemic and the sharp decline in the number of users, its operator said Sunday. The number of cars that used the airport’s parking lots in the first [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s biggest carrier Korean Air Lines Co.’s planned acquisition of the debt-laden Asiana Airlines Inc. requires approval from antitrust authorities in at least four other countries, industry sources said Sunday. According to the aviation industry sources and the Fair Trade Commission (FTC), the planned merger requires review from [...]
SEOUL, Nov. 25 (Korea Bizwire) — Starbucks Korea, the nation’s largest coffee chain, has jumped into the delivery fray, in its attempt to boost annual sales in South Korea to 2 trillion won (US$1.86 billion). Expanding aggressively its number of stores here, Starbucks Korea has kept growing its presence with its net profit rising 18.5 [...]
SEOUL, Nov. 23 (Korea Bizwire) — Amid the expansion of the delivery service market resulting from the spread of the COVID-19 pandemic, competition is heating up among South Korean delivery apps to speed up their delivery services. To this end, major delivery apps are doubling efforts to recruit enough delivery drivers. In August, the nation’s [...]