business Archives | Be Korea-savvy
Amid Plunge in Evening Sales, Restaurants Turn Eyes Towards Daytime Business

Amid Plunge in Evening Sales, Restaurants Turn Eyes Towards Daytime Business

SEOUL, July 27 (Korea Bizwire) — With the implementation of the highest Level 4 social distancing restrictions for Seoul metropolitan area resulting in a plunge in night sales, an increasing number of South Korean restaurants are focusing instead on attracting customers during the day. A franchise Chinese restaurant in Yeouido, Seoul’s financial district, started providing [...]

COVID-19 Test Kit Makers Prepare for Post-Coronavirus Era

COVID-19 Test Kit Makers Prepare for Post-Coronavirus Era

SEOUL, June 30 (Korea Bizwire) — After enjoying explosive growth during the COVID-19 pandemic, South Korea’s test kit makers are exploring ways to diversify their business portfolio in a preemptive move to cope with the deterioration of their financial performance in the post-coronavirus era. Seegene Inc., a major diagnostic assay maker in the country, unveiled [...]

Low-cost Carriers Take ‘Second Jobs’ amid Travel Slump

Low-cost Carriers Take ‘Second Jobs’ amid Travel Slump

SEOUL, June 22 (Korea Bizwire) — With airlines continuing to struggle with the aftermath of the coronavirus outbreak, low-cost carriers are beginning to take on ‘secondary jobs’. Jeju Air Co., South Korea’s biggest budget carrier by sales, is running an ‘in-flight meal cafe’ at a shopping mall complex in Seoul’s Hongdae area until July 28. [...]

Ericsson-LG JV Chief Downplays Impact from LG’s Mobile Biz Exit

Ericsson-LG JV Chief Downplays Impact from LG’s Mobile Biz Exit

SEOUL, April 28 (Korea Bizwire) — The chief of Ericsson-LG, a telecom equipment joint venture between Sweden-based Ericsson and South Korea’s LG Electronics Inc., said Wednesday that there will be no impact to its business even after the local tech giant’s planned exit from its loss-making handset business. LG Electronics said earlier this month that [...]

LeddarTech Announces Significant Growth in Customer Engagements, Partnerships, and Investment in 2020

LeddarTech Announces Significant Growth in Customer Engagements, Partnerships, and Investment in 2020

QUEBEC CITY, Jan. 27 (Korea Bizwire) – LeddarTech®, a global leader in Level 1-5 ADAS and AD sensing technology, announces notable and significant growth in 2020. Despite the pandemic, LeddarTech, a pioneer in automotive sensing technology, boosted growth in investment, units sold, ecosystem partnerships, strategic customer engagements, and acquisitions in 2020. In November of 2020, LeddarTech [...]