SEOUL, Sept. 24 (Korea Bizwire) — South Korean air carrier Asiana Airlines Inc. said Thursday it will offer domestic sightseeing flights to pandemic-weary air passengers next month. The “flights to nowhere” — air travel purely for the purpose of the journey, not the destination — will be offered on Oct. 24 and 25, said Asiana, [...]
SEOUL, Sept. 23 (Korea Bizwire) — Nearly 1,000 travel agencies in South Korea have gone out of business in the wake of the coronavirus outbreak that started to hit the country in late January, data showed Wednesday. The number of tour agencies came to 21,671 as of the end of June this year, down 938, [...]
SEOUL, Sept. 21 (Korea Bizwire) — Cash-squeezed Doosan Group said Monday that it has signed a deal with a local private equity fund to sell its headquarters building in Seoul for 800 billion won (US$689 million). The sale of Doosan Tower is part of Doosan Group’s plan to repay its 3 trillion won in debt [...]
SEOUL, Sept. 21 (Korea Bizwire) — Stung by the protracted new coronavirus outbreak, South Korean duty-free operators are struggling to overcome the industry-wide slump with belt-tightening measures, including increasing the number of closing days at some outlets in major local cities and cutting their overseas operations. Industry leader Lotte Duty Free began closing its outlets [...]
SEOUL, Sept. 17 (Korea Bizwire) — Germany-based online delivery service provider Delivery Hero, the operator of South Korea’s second-biggest food delivery app Yogiyo, introduced a new delivery service Yomart on Wednesday. Delivery Hero Stores Korea, a sister company to Delivery Hero, offers quick commerce (Q-Commerce) services based on warehouses located in the heart of the [...]
SEOUL, Sept. 15 (Korea Bizwire) – T’way Air, a South Korean low-cost carrier, will begin flights to the Chinese city of Wuhan on Wednesday, marking the reopening of the air service to the epicenter of the coronavirus outbreak after eight months, the transport ministry said Tuesday. The Ministry of Land, Infrastructure and Transport approved T’way Air’s [...]
BUSAN, Sept. 14 (Korea Bizwire) — Struggling with the coronavirus, a five-star hotel in the southern port city of Busan has decided to provide food delivery services as well as drive-thru services to sustain business. With the spread of ‘untact’ services, Lotte Hotel Busan launched a new drive-thru menu on Monday to meet growing demand for [...]
SEOUL, Sept. 14 (Korea Bizwire) — South Korea’s top bulk carrier Pan Ocean Co. said Monday it has completed a takeover of a 36.25 percent stake in an export grain terminal on the U.S. northwest coast in an effort to expand its presence in the global market. Pan Ocean said it has purchased the interest [...]
SEOUL, Sept. 11 (Korea Bizwire) — The prolonged impact of the new coronavirus on the airline industry has derailed two major deals in the aviation sector here, triggering concerns of massive layoffs and the overhaul of the country’s airline industry amid worsening business conditions. On Friday, Kumho Industrial Co., which owns Asiana Airlines Inc. notified [...]
SEOUL, Sept. 11 (Korea Bizwire) — South Korea said Friday it will inject 2.4 trillion won (US$2 billion) into Asiana Airlines Inc. after a local property developer scrapped its plan to acquire the debt-ridden carrier amid the growing impact of the coronavirus on the airline industry. Kumho Industrial Co., which owns a controlling stake in [...]