SEOUL, Oct. 27 (Korea Bizwire) – Air Busan Co., a South Korean budget carrier, said Friday it will add bigger planes to its fleet and build its own hangar in the next 10 years to meet growing demand for low-cost flights. In its mid-term strategy, Air Busan plans to introduce midsize passenger jets with 300 [...]
SEOUL, Oct. 27 (Korea Bizwire) – Speculation that the recently held 19th National Congress of China’s Communist Party would lead to a gradual easing of tensions between China and South Korea is building hope among local tourism and duty-free businesses. The relationship between the two neighboring countries turned icy after the installation of U.S. missile [...]
SEOUL, Oct. 26 (Korea Bizwire) – It has been reported that China’s biggest travel agency, Ctrip, has been in contact with Lotte Hotel for a possible business deal, fueling speculation that China’s ban on package group tours to South Korea might soon be lifted. According to Lotte Hotel on Thursday, Ctrip has been in touch with [...]
DAEJEON, Oct. 25 (Korea Bizwire) – Korail’s time saving app, which as the name suggests helps customers save time by providing personalized train journey information, has proven to be a success, with tens of thousands of people having signed up for the service this year. The ‘Time Saving Service’ by Korail for KTX customers has been [...]
SEOUL, Oct. 25 (Korea Bizwire) — South Korean pharmaceutical firm Samsung Bioepis Co. saw its sales of biosimilar products released in Europe hit US$257 million through the third quarter of this year, data showed Wednesday. Samsung Bioepis said the sales of Benepali released in Europe came to $253 million over the January-September period, compared with [...]
SEOUL, Oct. 24 (Korea Bizwire) — Jeju Air Co., South Korea’s leading budget carrier, said Tuesday it will open the route to the capital of Laos next week as part of its diversification strategy to offset falling demand on Chinese routes. Jeju Air plans to operate flights on the Incheon-Vientiane route starting Oct. 29. With [...]
SEOUL, Oct. 23 (Korea Bizwire) – CJ CGV, South Korea’s largest cinema chain, will advance to the Russian market for the first time as a foreign theater chain. CJ CGV signed a contract Monday with Russian land developer ADG Group in Seoul to set up a joint venture in Hong Kong with registered capital amounting [...]
SEOUL, Oct. 20 (Korea Bizwire) – Jin Air Co., the budget carrier unit of Korean Air Lines Co., said Friday it will temporarily offer flights to Johor Baharu in Malaysia early next year to meet travel demand during the winter holiday season. Jin Air plans to deploy its B777-200ER jet configured to take 393-seats on [...]
ANDONG, Oct. 18 (Korea Bizwire) – Uljin County in North Gyeongsang Province is investing nearly 34.4 billion won to create a new seaside healthcare complex by 2022 which will use marine resources to help prevent and treat patients. According to the North Gyeongsang Provincial Government on Tuesday, Uljin County has been chosen by the Ministry of [...]
SEOUL, Oct. 16 (Korea Bizwire) – A new insurance program designed to protect businesses vulnerable to adverse weather conditions is currently being developed by the South Korean insurance industry, according to industry sources. Sources close to the South Korean insurance sector on Monday said a special task force formed by the Korea Insurance Development Institute [...]