SEOUL, Feb. 14 (Korea Bizwire) — A total of 2.9 million tourists used Airbnb Inc., a global house-sharing platform, last year, up 56 percent from a year earlier, the company said on Thursday. Seven out of 10 Airbnb users, or some 2.02 million, were locals, with some 156,200 Chinese tourists to South Korea staying at [...]
SEJONG, Jan. 9 (Korea Bizwire) — South Korea said Wednesday that it will allow residents in urban areas to share their homes with local travelers as the government is pushing to give a boost to the sharing economy. By revising the country’s Tourism Promotion Act, residents in urban areas can rent rooms in their houses [...]
SEOUL, Oct. 15 (Korea Bizwire) — Airbnb Inc. launched a campaign on Monday to call for a revision to the law to allow South Koreans to share their homes with domestic travelers in the country’s major cities, it said. Under South Korea’s Tourism Promotion Act, residents in urban areas, excluding rural communities defined by law, [...]
SEOUL, Feb. 6 (Korea Bizwire) — Airbnb Inc. said Tuesday over 9,000 tourists will visit PyeongChang and adjacent cities where the 2018 Winter Olympics will be held via the global room-sharing platform, with the international sports event set to kick off later this week. The number of travelers who made reservations in Gangwon Province, including [...]
SEOUL, Nov. 22 (Korea Bizwire) — Airbnb Inc. said Wednesday it has signed an agreement with the organizing committee for the 2018 PyeongChang Winter Olympics to handle the influx of visitors amid growing concerns over lack of rooms and high prices in the host city. Under the deal, Airbnb said it will work with the [...]
SEJONG, Sept. 30 (Korea Bizwire) – The Korea Fair Trade Commission announced on Thursday it will take legal action against AirBnB after the online accommodations giant ignored its demand to comply with a correction order regarding its strict refund policy for South Korean clients. According to the Fair Trade Commission (FTC), AirBnB has failed to fully [...]
SEOUL, June 5 (Korea Bizwire) – Airbnb Inc. said Monday about 510,000 foreigners visited South Korea last year using its room-sharing platform in the latest sign of its growing popularity. The figure represents a 130-percent hike from 220,000 recorded in 2015, the website operator said. Separately, about 500,000 South Koreans also used Airbnb in traveling [...]
BRAZIL, May 30 (Korea Bizwire) – The Bank of Korea (BOK) announced yesterday plans to include the sharing and digital economy in its new gross domestic product report, which will be published in 2019. The latest plan by the BOK for an overhaul of GDP statistics will see sharing services like Uber and Airbnb or [...]
SEOUL, Sept. 24 (Korea Bizwire)-Airbnb, the world’s largest accommodations sharing service, was ruled to be illegal by a Korean court for the first time. Airbnb is a service that acts as an intermediate between a person wishing to sublet their property and those looking for accommodations, and receives commission in return. It is one of [...]
SEOUL, Korea, Mar 17, 2014 (Korea Bizwire) – BnbHero, Korea’s Airbnb-like service, has signed on March 11 a tripartite agreement with Youtx.com of China and MorningCroissant of France to cooperate in sharing information. Youtx.com and MorningCroissant are the biggest accommodations sharing sites in respective countries. Under the terms of the agreement, BnbHero will provide Korean [...]