Rental Archives | Be Korea-savvy
Van-hailing Service Tada’s Expansion Plan Irks Authorities

Van-hailing Service Tada’s Expansion Plan Irks Authorities

SEOUL, Oct. 7 (Korea Bizwire) — The operator of rental van-hailing service Tada said Monday it will sharply increase the number of service vehicles and drivers next year to meet rising demand. But its expansion strategy drew an immediate backlash from the country’s transportation authorities, which have been seeking to intervene in months-long wrangling between [...]

Rental Van-hailing Service Tada to be Expanded Across Metropolitan Areas

Rental Van-hailing Service Tada to be Expanded Across Metropolitan Areas

SEOUL, Oct. 6 (Korea Bizwire) — The rental van-hailing service Tada said Sunday that its service will be available across all metropolitan areas by the end of this year. The Tada service, launched in October last year and operated by car-sharing app SoCar’s subsidiary Value Creators & Company (VCNC), will expand services — which now [...]

Subscription Services Increasingly Popular in S. Korea

Subscription Services Increasingly Popular in S. Korea

SEOUL, Sept. 24 (Korea Bizwire) — The subscription economy, through which one can periodically receive products or services instead of purchasing them outright, is on the rise. Rental services, which used to be represented by water purifiers, are now in their heyday as they have expanded to various items such as LED masks and dishwashers. [...]

S. Korean Furniture Makers to Develop More Affordable Products and Services

S. Korean Furniture Makers to Develop More Affordable Products and Services

SEOUL, May 7 (Korea Bizwire) — Home furnishing is becoming a popular trend in South Korea, and an increasing number of furniture makers are trying to meet the change in demand by introducing less durable, but more affordable products. Consumers, who used to purchase expensive but durable furniture for long-term use, are now turning to [...]

S. Korean Convenience Store Offers Shopping Bag Rental Service

S. Korean Convenience Store Offers Shopping Bag Rental Service

SEOUL, Dec. 28 (Korea Bizwire) — CU, a South Korean convenience store chain by BGF Retail, has launched a rental service for shopping bags. Now, instead of using plastic bags, customers can rent a large shopping bag for 500 won (US$0.45). Customers can get their money back by returning the bags to any CU store. [...]

Kia Motors Launches 2 Programs Targeting Current Kia Owners and Rentals

Kia Motors Launches 2 Programs Targeting Current Kia Owners and Rentals

SEOUL, Oct. 31 (Korea Bizwire) — Kia Motors Corp. will be launching two new “mobility programs,” making it easier for those who currently rent or own Kia vehicles on a long-term basis to have their existing vehicles replaced for newer models. Kia’s “switch” program caters to rentals of the car maker’s new K7 and Sorento [...]

South Korea’s $23-Billion Rental and Sharing Market Continues to Make Headway

South Korea’s $23-Billion Rental and Sharing Market Continues to Make Headway

SEOUL, May 22 (Korea Bizwire) – Last year, South Korea’s rental services market was estimated at 25.9 trillion won ($23.2 billion), up from 19.5 trillion won five years ago, according to the KT Economic Management Research Institute. By 2020, the market is expected to grow to a 40.1-trillion-won industry, researchers expect.  The boon in the [...]

Demand for Rental Services Soars

Demand for Rental Services Soars

SEOUL, March 6 (Korea Bizwire) – Rental services, which in the past were typically limited to water purifiers or bidets in South Korea, are rapidly embracing other products.  According to big data analysis firm Daumsoft, online mentions of “rental service” on blogs and Twitter more than doubled over the past three years from 75,300 in [...]

Incheon Airport Starts Clothing Rental Service for Foreign Tourists

Incheon Airport Starts Clothing Rental Service for Foreign Tourists

SEOUL, Nov. 17 (Korea Bizwire) – Incheon International Airport Corp. (IIAC) kicked off a clothes-sharing service, dubbed “Seinustar,” at the passenger terminal of Incheon International Airport, west of Seoul, on Thursday, an IIAC official there said.   The service is designed to rent garments to foreigners visiting South Korea to help them travel easier with lighter [...]