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 [...]
SEOUL, Jan. 27 (Korea Bizwire) – The Seoul government is starting another sharing economy project, the third of its kind so far this year. Any companies or organizations of sharing economy businesses in Seoul can receive financial and administrative support by the Seoul government through its new project, ’2015 supporting project for sharing economy businesses and [...]
SEOUL, Dec. 2 (Korea Bizwire) – In spite of the sharp warning from the Seoul Metropolitan Government, Uber Korea began its Uber X commercial service from December 1. As the Seoul city government made clear that it would severely crack down on the illegal service, further conflict between the two is inevitable. Uber Korea announced on [...]
SEOUL, Sep. 17 (Korea Bizwire) – Social networking services that have remained as a means of communication are creating whole new business categories. The best-known example is Uber Taxi that can connect those who need to hire a taxi and cars idling in the parking lot. There is an innovative business model in Korea that takes advantage [...]
SEOUL, Korea, Nov 18 (Korea Bizwire) – A low-cost English learning solution has been made available by a start-up company called HeraReading. The company recently launched a “HELPS” (high-education low-price system) service by which it offers English teaching classes jointly with local community centers. As there is little overhead for running schools as the company makes use [...]
SEOUL, Korea, Sep 06 (Korea Bizwire) – Ahead of the fall tourism peak season, the Seoul city government will seek to encourage homeowners to rent out their extra rooms to foreign tourists visiting the city. The city’s policy makers expect that the measure would relieve the problem of hotel room shortages while at the same [...]