SEOUL, April 2 (Korea Bizwire) — HDC Hyundai Development Co., a midsized South Korean builder, said Thursday it is “on track” to acquire Asiana Airlines Inc. despite a growing coronavirus impact on the airline industry. On Thursday, HDC Hyundai Development reiterated its plan to complete the overall process to acquire Asiana Airlines by the end [...]
SEOUL, April 1 (Korea Bizwire) — South Korea’s airport authorities said Wednesday they will reduce rental fees by up to 50 percent for airport duty-free shops hit hard by the spread of coronavirus outbreak. Incheon International Airport Corp., the operator of Incheon International Airport, said it will cut rental fees for duty-free shops, banks, restaurants [...]
WASHINGTON/SEOUL, April 1 (Korea Bizwire) — Korean Air Lines Co., South Korea’s national flag carrier, said Wednesday it will suspend flights on the Incheon-Washington route from mid-April due to the impact of the coronavirus. Korean Air plans to stop serving flights from Incheon to Washington, D.C., starting April 13, with the suspension scheduled to last [...]
SEOUL, April 1 (Korea Bizwire) — Hotels and other lodging facilities struggling with a plunging number of customers following the novel coronavirus outbreak are facing another problem with some of their guests turning out to be infected patients. In an increasing number of cases, coronavirus patients, initially showing no particular symptoms, have stayed at hotels [...]
SEOUL, March 31 (Korea Bizwire) — Korean Air Lines Co. is set to put all of its non-Korean pilots on three months of unpaid leave starting next month in a self-rescue effort amid worsening business conditions caused by the coronavirus outbreak. Under the measure, 387 pilots are expected to go on mandatory unpaid leave from [...]
SEOUL, March 31 (Korea Bizwire) — South Korea on Tuesday lifted a ban on Jin Air Co. on offering new air routes amid the coronavirus outbreak that has hit the global airline industry. The Ministry of Land, Infrastructure and Transport has also allowed the budget carrier to register new airplanes and to provide non-regular flights. [...]
SEOUL, March 30 (Korea Bizwire) — Pharmaceutical companies are stepping up “digital marketing” as the spread of COVID-19 has made it difficult to sell and market face-to-face with customers. A web seminar held recently by Novartis Korea attracted 985 people, 10 times more than usual. The web seminar was held under the theme of “The [...]
SEOUL, March 27 (Korea Bizwire) — Shareholders of Hanjin KAL Corp., the holding company of logistics-to-airline conglomerate Hanjin Group, on Friday approved the reappointment of the group’s heir apparent as a member of its board, bringing him a victory in a family feud over the group’s control. Hanjin Group Chairman Cho Won-tae, 44, defended his [...]
SEOUL, March 27 (Korea Bizwire) — Sales at South Korean duty-free stores nearly halved in February from a month earlier, hit hard by the spread of the new coronavirus, industry data showed Friday. Combined sales of local duty-free shops came to 1.1 trillion won (US$910 million) last month, down 45.5 percent from January, according to [...]
SEOUL, March 27 (Korea Bizwire) — Incheon International Airport, South Korea’s main air hub, went into “emergency mode” as the number of users nosedived amid the novel coronavirus outbreak that has spread around the world, the operator said Thursday. The operator of the airport located in Incheon, 60 kilometers west of Seoul, said it is [...]