SEOUL, Dec. 31 (Korea Bizwire) — With South Korea’s gross national income (GNI) expected to surpass US$30,000 this year, some predict that the domestic dining market will decline in the coming year. According to Prof. Choi Kyu-wan of Kyunghee University, the dining industry goes through three stages with economic and social development: a growth period, [...]
SEOUL, Dec. 28 (Korea Bizwire) — Small business owners spend an average of 840,000 won (US$716) a month on online delivery service applications. Of the money spent, half of it is spent on advertising via the application. Business owners want half of what they are spending on the application, 200,000 won, for advertisements. This data [...]
SEOUL, Dec. 24 (Korea Bizwire) — With South Korea undergoing a rapid demographic transformation, marketing experts are suggesting that companies target seniors, single-person households and the value-consumption generation to meet new trends in the consumer market. The suggestions were based on a report released by The Korea Chamber of Commerce and Industry (KCCI), identifying the [...]
SEOUL, Dec. 24 (Korea Bizwire) — Franchisees on average shuttered their businesses in just over four years, government data showed Monday, in the latest sign of troubles facing small entrepreneurs. The 2015 data compiled by Statistics Korea showed that franchisees ran their stores for 52 months before closing them. By sector, franchisees of pharmaceutical businesses [...]
SEOUL, Dec. 21 (Korea Bizwire) — Chauffeur service drivers in South Korea are raising their voices against Kakao Corp.’s new carpooling service. The National Chauffeurs Labor Union and the National Chauffeurs Cooperative held a press conference in Seoul on Thursday, condemning Kakao for “threatening the lives of chauffeurs and taxi drivers,” and the South Korean [...]
SEOUL, Dec. 21 (Korea Bizwire) — Transport Minister Kim Hyun-mee revealed Friday a proposal already offered to cab drivers for them to adopt a system similar to that used by Uber to solve their chronic business problems, as social conflict was growing over the launch of a commercial ride-sharing platform. “If you look at Uber [...]
SEOUL, Dec. 20 (Korea Bizwire) — Hundreds of thousands of taxi drivers gathered in Seoul on Thursday for a massive protest against commercial carpool services by Kakao Corp., calling for a state ban on “the illegal services.” There have been severe conflicts over Kakao T Carpool, a ride-sharing service by South Korea’s top mobile messaging [...]
SEOUL, Dec. 20 (Korea Bizwire) — Incheon International Airport Corp. said Thursday it will invest 4.2 trillion won (US$3.7 billion) to build a fourth runway and expand facilities by 2023. The airport began operations in 2001 and opened its second terminal in January to meet rapid air passenger growth. It currently handles 72 million travelers [...]
SEOUL, Dec. 14 (Korea Bizwire) — A recent investigation has revealed that many flight attendants at Korean Air Lines Co. and Asiana Airlines Inc. have experienced bullying in the workplace, not only from management, but also from their direct supervisors. An activist from the human rights movement network Baram announced the results of an investigation [...]
SEOUL, Dec. 14 (Korea Bizwire) — A South Korean consumer rights group has applied for a provisional injunction against the two major South Korean airlines, Asiana Airlines Inc. and Korean Air Lines Co., after it was announced that some mileage accrued under their frequent flier programs would expire next year. Citizens United for Consumer Sovereignty [...]