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Airlines Increase Cancellation Fees After K-pop Fans Delay Flights

Airlines Increase Cancellation Fees After K-pop Fans Delay Flights

SEOUL, Dec. 19 (Korea Bizwire) — South Korea’s two main airlines, Korean Air and Asiana, will be adding 200,000 won to cancellation charges for customers who cancel a flight reservation after going through the departure gate. Previously, the cancellation charges were only around 100,000 won (US$88), making it difficult to prevent cases where a customer [...]

K-pop Group BTS’s Annual Economic Value Estimated at 4 tln Won: Report

K-pop Group BTS’s Annual Economic Value Estimated at 4 tln Won: Report

SEOUL, Dec. 18 (Korea Bizwire) — The economic value generated by K-pop boy band BTS is estimated at around 4 trillion won (US$3.54 billion) annually, a local researcher said Tuesday, indicating that the global sensation plays a significant role in South Korea’s economy that stretches beyond the cultural sector. The Hyundai Research Institute (HRI) said [...]