SEOUL, Aug. 17 (Korea Bizwire) — Asiana Airlines said Friday it will partly cut back flight services to U.S. and European cities starting in October to comply with instructions by the government. The Ministry of Land, Infrastructure and Transport conducted a special inspection of the carrier earlier this month for its high rate of flight [...]
SEOUL, Aug. 16 (Korea Bizwire) — South Korean retailers are increasingly crossing the boundaries between their commerce platforms from television to offline and online to attract more customers, market watchers said Thursday. Shinsegae TV Shopping Inc., the home shopping arm of retail giant Shinsegae, is set to open an offline shop for luxury goods sold [...]
SEOUL, Aug. 14 (Korea Bizwire) — With worry that peer-to-peer (P2P) lending financial corporations are on their last legs continuing to grow, two P2P associations that are leading the industry have each come up with their own regulations to be announced within the month. The Korea P2P Finance Association, a group that currently has 60 [...]
SEOUL, Aug. 13 (Korea Bizwire) — A new smartphone application known as “Goyohan Taxi” created by a group of college students will allow those who are hearing impaired to drive taxis in Seoul. The application was created by a social venture called Coactus, led by Song Min-pyo, a senior at Dongguk University’s computer engineering department. [...]
SEOUL, Aug. 10 (Korea Bizwire) — Shinsegae DF Inc., the duty-free arm of South Korean retail giant Shinsegae, said Friday it is ramping up marketing efforts to lure more Chinese tourists as the company moves to expand its presence in the country’s duty-free market. Shinsegae DF said it has partnered with Ctrip to allow consumers [...]
SEOUL, Aug. 10 (Korea Bizwire) — Samjin Food, the leading brand of fish cakes, said Friday it will open its first store in the Philippines this weekend, as it expands its market presence in Asia. The new store will open at the Ayala Malls Circuit in the city of Makati, close to Manila, on Sunday, [...]
SEOUL, Aug. 9 (Korea Bizwire) — Lee Jae-yong, Vice Chairman of Samsung Electronics, attended only two public functions in the six months following his release from prison when his sentence was suspended on appeal in February. Lee’s reason for keeping a low profile is said to be due to his urge to focus on discovering [...]
SEOUL, Aug. 9 (Korea Bizwire) — Hyundai Motor said Thursday it will stop production of diesel versions of four car models due to weak sales. The diesel models of the midsize Sonata, compact i30, full-size Grandeur and sport utility vehicle Maxcruz will no longer be manufactured as of Friday, and only those remaining in stock [...]
SEOUL, Aug. 8 (Korea Bizwire) — Pizza Hut Korea said Wednesday it has launched a test operation of a robot to serve food to customers as the company moves to strengthen its competitiveness with cutting-edge technologies. The robot, dubbed Dilly Plate, was unveiled at one of its stores in western Seoul on Monday for a [...]
SEOUL, Aug. 8 (Korea Bizwire) — Samsung Electronics Co. is betting on the Galaxy Note 9 to revitalize its sluggish smartphones sales, although it is still uncertain that the upcoming phablet will appeal to customers in the wake of weak demand for the Galaxy S9, industry watchers said Wednesday. The South Korean tech giant’s IT [...]