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Asiana to Cut Back Flight Schedules to Remedy Delays

Asiana to Cut Back Flight Schedules to Remedy Delays

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 [...]

From TV to Online, Offline, S. Korean Retailers Go Beyond Boundaries

From TV to Online, Offline, S. Korean Retailers Go Beyond Boundaries

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 [...]

P2P Lending Associations Create Regulations Aimed at Survival

P2P Lending Associations Create Regulations Aimed at Survival

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 [...]

Hearing Impaired Drivers to Offer Taxi Services in Seoul

Hearing Impaired Drivers to Offer Taxi Services in Seoul

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. [...]

Shinsegae DF Accelerates Marketing Efforts to Attract Chinese Tourists

Shinsegae DF Accelerates Marketing Efforts to Attract Chinese Tourists

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 [...]

Samsung Announces Massive Domestic Investment and New Hires

Samsung Announces Massive Domestic Investment and New Hires

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 [...]

Samsung Seeks to Revitalize Weak Smartphone Sales with Note 9

Samsung Seeks to Revitalize Weak Smartphone Sales with Note 9

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 [...]