SEOUL, Nov. 7 (Korea Bizwire) – As the South Korean government decides to expand “altteul” or discount gas stations, concerns are on the rise among owners of regular gas stations. The gas station industry is vocal about discount gas stations pushing regular gas stations towards shutdown. According to the results of a recent local study, discount [...]
SEOUL, March 17 (Korea Bizwire) — Samsung Electronics Co. may suffer around 400 billion won (US$353 million) in production losses due to a monthlong shutdown of its chip plant in the United States, analysts said Wednesday, amid growing concerns that the production halt could also undermine global smartphone production. Samsung’s plant in Austin, Texas, has [...]
BUSAN, Jan. 11 (Korea Bizwire) — Two churches in the southeastern port city of Busan have been ordered to shut down after repeatedly holding in-person worship services in violation of the pandemic-driven social distancing rules, local officials said Monday. Under the administrative orders by Busan’s ward offices, the two Protestant churches — Saegyero and Seobu [...]
SEOUL, Dec. 23 (Korea Bizwire) — This year will be a subdued holiday season for many South Koreans as winter destinations are closed and restaurants are banned from having groups of five or more people under toughened virus curbs. Authorities have repeatedly urged the public to cancel their year-end gatherings and trips to reduce risk [...]
SEOUL, July 6 (Korea Bizwire) – SK Telecom Co., South Korea’s top mobile carrier by subscribers, started to shut down its 2G services Monday, following receiving government approval last month to terminate its 25-year-old network. The telecom operator said it has begun switching off its 2G base stations in eight provinces and the central city [...]
SEOUL, March 26 (Korea Bizwire) — CGV, South Korea’s largest multiplex chain, said Thursday that it will shut down about 30 percent of its theaters starting this weekend due to the prolonged fallout from the coronavirus pandemic. The company, an affiliate of Korean entertainment giant CJ Group, said 35 out of 116 cinemas under its [...]
SEOUL, March 21 (Korea Bizwire) — South Korean low-cost carrier Eastar Jet Co. will shut down all of its flights, company officials said Saturday, amid a travel slump triggered by the novel coronavirus pandemic. Eastar Jet will halt operation of its domestic flights from Tuesday to April 25, according to the officials. The budget carrier [...]
SEOUL, March 19 (Korea Bizwire) — Hyundai Motor Co. and Kia Motors Corp., South Korea’s two biggest carmakers, said Thursday their U.S. plants stopped operations as their American rivals have agreed to close factories as a precaution against the rapid spread of the coronavirus. Hyundai Motor suspended its plant in Alabama on March 18 (local [...]
SEOUL, Jan. 10 (Korea Bizwire) — Renault Samsung Motors Corp. said Friday it has decided to partially shut down its sole plant in South Korea to reduce production losses resulting from strikes staged by its unionized workers. In the past 12 days, the union held partial strikes at the plant in Busan, 453 kilometers south [...]
SEOUL, May 31 (Korea Bizwire) — General Motors Co., the parent company of GM Korea Co., on Thursday shut down one of its plants in South Korea as it moves to restructure its operations at home and abroad. The 260,000-unit-a-year plant in Gunsan, about 270 kilometers southeast of Seoul, was hit hard by GM’s decision [...]