SEOUL, May 3 (Korea Bizwire) — South Korea has granted low-cost carriers (LCCs) rights to sharply increase the number of their flights on much sought-after routes to China, heralding stiffer competition with full-service rivals. The Ministry of Land, Infrastructure and Transport decided Thursday to allow budget carriers to operate an additional 118 flights on 30 [...]
SEOUL, May 3 (Korea Bizwire) — Swingvy, a Singapore-based human resource platform company, said Friday it has raised US$7 million from a group of investors led by South Korean tech giant Samsung’s venture capital investment arm. Swingvy said it has raised the investment in a Series A round of funding led by Samsung Venture Investment [...]
SEOUL, May 2 (Korea Bizwire) — Video games, which were previously considered the sole domain of children and teenagers, have recently become sensational among people in their 30s and 40s due to the influence of the “retro trend boom.” According to an analysis of customer data conducted by E-Mart Inc. for three years from 2017 [...]
SEOUL, May 1 (Korea Bizwire) — Korean Air Lines Co., South Korea’s national flag carrier, said Wednesday it will start reducing first class cabins on some international routes next month in a move to operate routes effectively and boost profitability. Airlines traditionally have three travel classes — first, business and economy. Korean Air has provided [...]
SEOUL, Apr. 30 (Korea Bizwire) — Blue Bottle Coffee will officially debut in Seoul later this week, a South Korean affiliate of the upscale U.S. coffee chain operator said Tuesday. The new cafe will open in Seoul’s eastern Seongsu neighborhood — a trendy hangout spot where young artists and designers renovated existing buildings into art [...]
SEOUL, Apr. 24 (Korea Bizwire) — The only son of late Korean Air Lines Co. Chairman Cho Yang-ho was named as new chief of Hanjin Group, the airline’s parent company, the logistics-centered group said Wednesday. The board of Hanjin KAL, the group’s holding company, appointed Cho Won-tae, 44, as the group’s new chairman, replacing his [...]
SEOUL, Apr. 24 (Korea Bizwire) — A dispute has flared up between the Seoul Metropolitan Government and Tada, a South Korean luxury cab-hailing service, as the company strongly went against the city’s demand to pay deposit. Kakao Mobility (Kakao Black), Uber Korea (Uber Black), and VCNC, the company in charge of the Tada brand, are [...]
SEOUL, Apr. 23 (Korea Bizwire) — Creditors of Asiana Airlines Inc. will funnel 1.6 trillion won (US$1.4 billion) into the cash-strapped airline to help it overcome a liquidity crisis, its main creditor said Tuesday. The Korea Development Bank-led creditors will buy 500 billion won worth of perpetual bonds to be sold by Asiana Airlines, open [...]
SEOUL, Apr. 23 (Korea Bizwire) — Since the implementation of the 52-hour workweek, netizens’ searches for restaurants have decreased, while the use of home-training and interior-related applications has surged, the survey showed. According to Daehong Communications Inc., an advertising agency affiliated with Lotte Group, an analysis of changes in consumer lifestyle based on its social [...]
SEOUL, Apr. 19 (Korea Bizwire) — CJ Logistics Corp. announced on Thursday that the amount of deliveries it has made has surpassed 480,000 boxes through the development-impaired delivery business, one of the company’s CSV (Creating Shared Value) business models based on the logistics industry. When the logistics unit of South Korean food and entertainment conglomerate [...]