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. [...]
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 [...]
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 [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korean major oil refiners are moving heaven and earth to get out of a prolonged slump by shifting their focus to new ventures. SK energy Co., a wholly owned unit of the country’s leading refiner SK Innovation Co., recently revised its articles of incorporation and added ‘telecommunication sales [...]
SEOUL, June 5 (Korea Bizwire) — Small business owners in Hong Kong have suffered from major losses due to the coronavirus pandemic coupled with last year’s pro-democracy protests. They are about to face even more turmoil as China plans to impose a new security law on Hong Kong and the United States has threatened to [...]
SEOUL, May 1 (Korea Bizwire) — While the overall domestic industry is in a slump due to the spread of the novel coronavirus infection, some companies have benefited from changes in consumption patterns. For companies specializing in household goods and home interior, COVID-19 has actually been a boon, and these companies are the envy of [...]
SEOUL, Sept. 26 (Korea Bizwire) — The heads of South Korea’s major conglomerates have recently called for a series of countermeasure strategies, labeling the situation of heightened uncertainty at home and abroad as an “unprecedented crisis.” In particular, they say that such a crisis is not a matter to be resolved in a short period [...]
SEOUL, Jul. 26 (Korea Bizwire) — Coupang Inc., a major e-commerce company, has been dealt a series of blows over the past two months, including controversy over whether it is a Japanese company and problems with customer orders. Critics point out that while Coupang grew at a rapid pace over the years, it was not [...]
SEOUL, Jun. 26 (Korea Bizwire) — Most companies that use public data to do business have been able to expand employment. According to a survey conducted by the Ministry of the Interior and Safety on Tuesday, 665 out of 803 companies that use public data, or 82.8 percent, cited “expansion of employment” as their most [...]
PORT MORESBY, Papua New Guinea, Nov. 15 (Korea Bizwire) — Business leaders across Asia Pacific remain confident that their companies revenues will grow over the next 12 months despite increasing trade frictions. In its latest survey of 1189 business leaders across the 21 Asia-Pacific Economic Cooperation (APEC) economies, PwC found that 35% were very confident [...]