SEOUL, June 12 (Korea Bizwire) — Loans in the accommodation and food services sector are increasing as the industry is in a deep slump, central bank data showed Tuesday, a warning sign that the quality of the debts and personal credit ratings are worsening in the process. Loans to lodging and eating businesses totaled 51.25 [...]
SEOUL, Jun. 11 (Korea Bizwire) — South Korea’s top portal operator, Naver Corp., said Monday that it will launch a music recommendation service that uses artificial intelligence (AI). The service, called VIBE, makes recommendations according to each user’s music preferences and patterns, Naver said. The service collects data that is then used to improve recommendations [...]
SEOUL, Jun. 11 (Korea Bizwire) — With more chicken joints in Korea starting to charge for delivery, a survey found that most consumers have strong negative feelings about this phenomenon. According to survey of 1,000 men and women between the ages of 15 and 58 by market research firm Embrain, 65 percent of respondents who [...]
SEOUL, Jun. 8 (Korea Bizwire) — CJ Logistics Corp. said Friday it has agreed to buy a U.S. logistics company for 231.4 billion won (US$216 million) in its latest drive to expand its presence in the North American market. The South Korean firm signed the deal to purchase a 90 percent stake in DSC Logistics, [...]
SEOUL, May 10 (Korea Bizwire) — South Korea’s restaurant industry has been shrinking at a fast clip due to a rise in the number of one-person households and other unfavorable factors, government data showed Thursday. The number of restaurant owners stood at 729,724 in December last year, down 0.51 percent, or 3,718, from the previous [...]
SEOUL, May 4 (Korea Bizwire) — With food-related online purchases on the rise thanks to mobile delivery apps, the total volume for online shopping saw record-breaking sales in March totaling 9 trillion won. The first quarter figures for online shopping consumers from China appeared to be somewhat slower due to the lingering aftermath of the [...]
SEOUL, Apr. 27 (Korea Bizwire) — SK Infosec, a security solution provider under South Korean conglomerate SK Group, said Friday it has forged ties with Tokyo-based Sompo Risk Care Management to make inroads into the Japanese market. Sompo Risk Care Management is an affiliate under Sompo Holdings Inc., a major Japanese insurance company. Under the [...]
SEOUL, Apr. 26 (Korea Bizwire) — With the number of Korean corporations entering the Vietnamese market on the rise, competition among Korean law firms eyeing the local legal market has become intense. One such law firm, Sejong, formally opened an office in the capital city of Hanoi on Tuesday. This comes approximately one year after [...]
SEOUL, Apr. 24 (Korea Bizwire) — The brand value of Korean Air Lines Co. has been dropping since the latest scandal surrounding the owner family erupted, and it may be outranked by its rival, according to an appraisal website Tuesday. The “share price” of Korean Air in the brand stock market, as rated by Brandstock, [...]
SEOUL, Apr. 23 (Korea Bizwire) — Starbucks Coffee Korea Co., the local unit of the U.S. coffee giant, said it began a test run of cashless stores at three of its outlets on Monday amid rising use of credit card and mobile payment systems in the country. The stores at major office districts — Gangnam [...]