SEOUL, Apr. 15 (Korea Bizwire) — Cash-strapped Kumho Asiana Group said Monday that it will put its flagship Asiana Airlines Inc. up for sale to secure a fresh loan from creditors, sending shares in the carrier on the Seoul bourse sharply higher. The group’s decision to sell Asiana Airlines came after creditors, led by the [...]
SEOUL, Apr. 11 (Korea Bizwire) — Starting in June, customers are expected to be able to charge shared electric bicycles or kickboards at GS25 convenience stores. GS25 announced on Wednesday that it will set up an electric bicycle and kickboard charging service facility at its stores in partnership with the shared micro-mobility integrated platform “GoGoSing.” [...]
SEOUL, Apr. 8 (Korea Bizwire) – Korean Air Lines Co. Chairman Cho Yang-ho has died of a chronic illness, less than two weeks after he was removed from the national flag carrier’s board, the company said Monday. Cho, 70, died from a lung disease in the United States on Sunday. Korean Air said it would [...]
SEOUL, Apr. 2 (Korea Bizwire) — Uber Technologies Inc. announced on Tuesday that it will be launching a cab-hailing service in Seoul. Uber Taxi, available for all Seoulites, automatically assigns cabs at the nearest location when customers hail a taxi. Information on the driver will be displayed in the app once the taxi is assigned. [...]
SEOUL, Apr. 1 (Korea Bizwire) — Korean Air Lines Co. has stopped providing peanuts onboard its flights to protect passengers with allergies. Beginning on March 25, Korean Air replaced the famous ‘honey peanuts’ provided to passengers with crackers. In addition, peanut-related recipes will be excluded from all meals provided to the passengers. Passengers with severe [...]
SEOUL, Mar. 28 (Korea Bizwire) — Delivery Hero Korea, a South Korean developer for major delivery apps including Yogiyo, Baedaltong, and Foodfly, announced its plans to make aggressive investments to take the lead in the South Korean delivery market. Kang Shin-bong, CEO of Delivery Hero Korea, held a press conference on Wednesday at company headquarters [...]
SEOUL, Mar. 27 (Korea Bizwire) — Korean Air Lines Co. shareholders’ decision to oust Chairman Cho Yang-ho from the company’s board is expected to further stimulate shareholder activism in Asia’s fourth-biggest economy, market watchers said Wednesday. Shareholders of the national flag carrier voted against an extension of Cho’s tenure as representative director in a landmark [...]
GANGNEUNG, Mar. 27 (Korea Bizwire) — Another loophole has been revealed in the lax vehicle rental method that allows people to make payments through mobile phone applications to take over vehicles without face-to-face interaction. The loophole was once again brought to light by an accident in Gangneung, Gangwon Province, where a car crashed into the [...]
SEOUL, Mar. 27 (Korea Bizwire) — Shareholders of Korean Air Lines Co. on Wednesday voted against the reappointment of the airline chief Cho Yang-ho as director of the board. Seventy-four percent of shareholders attended an annual shareholders’ meeting held at the airline’s headquarters in western Seoul. Sixty-four percent of participants voted for Cho’s reappointment, a [...]
SEOUL, Mar. 26 (Korea Bizwire) — GS25, a major convenience store chain operated by GS Retail Co. introduced on Monday a new “half-priced” delivery service, and promising discounts of up to 65 percent compared to conventional convenience store parcel delivery services. The half-priced delivery service is a parcel delivery service through which customers apply for [...]