BUSAN, Jan. 14 (Korea Bizwire) — Low-cost carriers (LCCs) in South Korea are expected to compete fiercely to win a license to operate a regular direct flight service between the southern port city of Busan and Singapore, industry sources said Monday. The Ministry of Land, Infrastructure and Transport is slated to receive applications for the [...]
BUSAN, Jan. 11 (Korea Bizwire) — Air Busan Co. announced on January 10 that it will no longer provide free airline meals to international passengers on board from April 1. Air Busan has been offering free meals on international flights that run for more than 2 hours and 30 minutes, except for flights departing from [...]
SEJONG, Jan. 9 (Korea Bizwire) — South Korea said Wednesday that it will allow residents in urban areas to share their homes with local travelers as the government is pushing to give a boost to the sharing economy. By revising the country’s Tourism Promotion Act, residents in urban areas can rent rooms in their houses [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korea’s mom-and-pop stores on Monday called on the government to reflect their views in revising the minimum wage structure so as to minimize the fallout from rising labor costs. In a press conference held in Seoul, Choi Seung-jae, chairman of the Korea Federation of Micro Enterprise, whose organization [...]
SEOUL, Jan. 7 (Korea Bizwire) — Credit-card commission fees for small merchants will be lowered starting next month as the government seeks to ease financial burdens on self-employed business owners, according to officials at credit-card firms Monday. Starting in February, credit-card processing fees for small merchants with an annual revenue of between 500 million won [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Koreans ate out less in 2018 than a year earlier as they tightened their belt amid a weak economy, a poll showed Monday. According to the survey of 3,014 people aged 20-69, South Koreans dined out an average of 20.8 times per month last year, compared with 21.8 [...]
SEOUL, Jan. 4 (Korea Bizwire) — Kakao Mobility Corp. announced on January 3 that it has signed a joint business agreement with Tago Solutions in order to provide high quality taxi services and improve the welfare of taxi drivers. With the signing of the agreement, the two companies are planning to introduce high-quality services with [...]
SEOUL, Jan. 3 (Korea Bizwire) — On the first day of the new year, a Jin Air flight heading for Sapporo experienced problems maintaining air pressure within the cabin. It was belatedly reported that passengers were forced to don oxygen masks as they trembled in fear. A total of 181 passengers had to wear oxygen [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korean mobile music services are raising subscription fees to cope with new regulations on copyright royalties that took effect on Tuesday. The new regulations stipulate that 65 percent, rather than 60 percent, of returns generated from music streaming must be remitted to the copyright holder. Discount rates have [...]
SEOUL, Jan. 2 (Korea Bizwire) — Small business owners in South Korea may face a bumpy road again this year despite a series of government measures to support them, industry watchers said Wednesday. The year 2018 was one of the worst years for self-employed people in Asia’s fourth-largest economy as they were hit hard by [...]