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VistaJet Operates Record Number of Flights as Members Increase by 32% in First Half of 2018

VistaJet Operates Record Number of Flights as Members Increase by 32% in First Half of 2018

LONDON, Jul. 11 (Korea Bizwire) —  VistaJet, the first and only global business aviation company, continued to gain substantial market share around the world during the first half of 2018. Driven by the sustained demand for the Company’s flagship Program subscription model, new Members rose by 32% year-on-year, with Europe doubling the number of new contracts [...]

S. Korean IT Firms Setting Eyes on Car-sharing Services

S. Korean IT Firms Setting Eyes on Car-sharing Services

SEOUL, Apr. 9 (Korea Bizwire) — South Korea’s IT firms are tapping deeper into the car-sharing industry, market watchers said Sunday, as demand for such services is expected to grow sharply over the upcoming years. According to the data compiled by Navigant Research, the global market for car-sharing services is expected to grow 21.8 percent [...]

No. of Foreign Students in S. Korea Grew at Record-high 18 pct Last Year: Data

No. of Foreign Students in S. Korea Grew at Record-high 18 pct Last Year: Data

SEOUL, Feb. 5 (Korea Bizwire) — The number of foreign students enrolled in South Korea showed a record-high growth rate last year, propelled by a rise in those from China, a tally from a state-run educational body showed Monday. The number of foreign students registered at South Korean universities rose 18.8 percent from a year [...]

S. Korea Cuts Growth Estimate, Proposes 10 Trillion Won Extra Budget

S. Korea Cuts Growth Estimate, Proposes 10 Trillion Won Extra Budget

SEJONG/SEOUL, June 28 (Korea Bizwire) – South Korea’s finance ministry on Tuesday said it has trimmed its growth estimate for the year, while seeking to draw up a 10 trillion won (US$8.45 billion) extra budget to buttress Asia’s fourth-largest economy against headwinds such as a slump in domestic and overseas demand and, more recently, Britain’s [...]

Flexible Display Market to Leap Forward in 2016

Flexible Display Market to Leap Forward in 2016

SEOUL, Feb. 18 (Korea Bizwire) – The global market for flexible displays is expected to grow sharply in 2016, data showed Thursday, as more industry players are rushing to jump into the curved and foldable electronics panel market. According to the data compiled by industry tracker IHS, the world’s flexible display market is estimated at [...]

Korean Wine Market Holds Great Potential for Growth

Korean Wine Market Holds Great Potential for Growth

SEOUL, Feb.3 (Korea Bizwire) – Those in the wine industry expect that the consumption of wine among Koreans will continue to rise. According to a report issued by VINEXPO and the International Wine and Spirits Research Center (IWSR), the consumption of wine among Koreans in 2019 will increase by 16.2 percent compared to 2015. This [...]

Finance Minister Vows to Help Companies Enter Untapped Overseas Markets

Finance Minister Vows to Help Companies Enter Untapped Overseas Markets

SEOUL/SEJONG, Jan. 28 (Korea Bizwire) – South Korea’s finance minister said Thursday that the government will make determined efforts to help companies make headway into untapped overseas markets like Iran, and revive exports as Asia’s fourth largest economy strives keep alive its economic momentum in the coming months. “We are facing challenges as uncertainties are [...]

Private Think Tank cuts S. Korea’s 2016 Growth Forecast to 2.5 Percent

Private Think Tank cuts S. Korea’s 2016 Growth Forecast to 2.5 Percent

SEOUL, Dec. 21 (Korea Bizwire) – South Korea’s economic growth rate will likely slow to 2.5 percent in 2016 due to a continued export slump and weakening domestic consumption, a leading private think tank forecast Sunday. The prediction by the LG Economic Research Institute (LGERI) marks a 0.2 percentage point drop from its earlier estimate made in September. LGERI’s revised growth projection is also lower than the government’s 3.1 percent estimate for [...]

S. Korea’s Exports to Grow Slower than Global Average this Year

S. Korea’s Exports to Grow Slower than Global Average this Year

SEOUL, Dec. 14 (Korea Bizwire) – South Korea’s exports will likely grow at a slower pace than the global average for the second straight year in 2015, a state-run think tank said Sunday, pointing to unfavorable overseas market conditions facing many Korean companies. According to the Korea Development Institute (KDI), South Korea’s exports in terms of volume are expected to remain unchanged from a year earlier. This will be lower than the 3.2 percent gain that the International Monetary Fund is [...]