SEOUL, Oct. 17 (Korea Bizwire) — Car-sharing businesses are suffering from massive financial losses due to careless users. Car-sharing vehicles owned by SOCAR Inc., a car-sharing service provider, last no more than three years on average, a mere 20 percent of the average lifespan of automobiles in South Korea. Smaller car-sharing platforms have a vehicle [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korea’s largest mobility startup SOCAR Inc. said Friday it has received 60 billion won (US$52.2 million) from two local private equity firms, becoming the latest “unicorn” company in the Asian country. The investments from SG Private Equity and Songhyun Investment pushed SOCAR’s valuation to over 1 trillion won. [...]
SEOUL, Oct. 13 (Korea Bizwire) — T’way Air, a South Korean low-cost carrier, said Tuesday it will deploy two passenger jets as cargo planes as it strives to survive the coronavirus crisis. T’way Air will begin using two of its 27 B737-800 passenger jets to carry cargo on the Incheon-Ho Chi Minh City route in [...]
SEOUL, Oct. 8 (Korea Bizwire) — The airline industry is attempting to overcome the devastation brought on by the coronavirus pandemic by offering ‘flight without destination’ programs travelling through domestic airspace and returning to the airport of departure. The ‘A380 Flight Tour’ by Asiana Airlines Inc., a two-hour journey through domestic airspace, sold out only [...]
SEOUL, Oct. 7 (Korea Bizwire) — T’way Air, a South Korean low-cost carrier, said Wednesday it will begin flights to Japan next month mainly to meet business travel demand. T’way Air will resume services on the routes from Incheon to Osaka and Tokyo on Nov. 5 and Nov. 6, respectively, with a plan to eventually [...]
SEOUL, Oct. 5 (Korea Bizwire) — As so-called ‘untact’ or contactless consumption is on the increase amid the coronavirus pandemic, the lines that once stood between the retail and delivery sectors are disappearing as market players are jumping into each other’s territories. Delivery Hero Stores Korea, a subsidiary of Germany-based online delivery service provider Delivery [...]
SEOUL, Sept. 29 (Korea Bizwire) — Air Busan Co., the budget carrier unit of Asiana Airlines Inc., said Tuesday it will resume flights to the Chinese city of Qingdao in mid-October to meet travel demand from businessmen. Air Busan plans to offer one flight a week on the Busan-Qingdao route from Oct. 15 after suspending [...]
SEOUL, Sept. 28 (Korea Bizwire) — Korean Air Lines Co. and Asiana Airlines Inc. — South Korea’s two biggest carriers — are preparing to transport vaccines for the novel coronavirus as governments around the world continue throw resources behind efforts to develop a vaccine. While it is still too early to decide when or how [...]
SEOUL, Sept. 25 (Korea Bizwire) — Lying on a couch after work, Lee Sun-young, a 41-year-old office worker, often browses a list of goods uploaded on an online secondhand marketplace app as she seeks to find a good deal. Since Lee successfully sold a shoulder massager, mugs and other miscellaneous goods last year through the [...]
SEOUL, Sept. 24 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Thursday it has converted three passenger jets into cargo planes to offset a sharp decline in air travel demand amid the coronavirus pandemic. Asiana has converted an A350-900 passenger jet and two B777-200ER jets into cargo carriers, with the two B777-200ERs [...]