Seoul City’s Bike Service Turns to Advertising to Overcome Losses
SEOUL, July 6 (Korea Bizwire) — The Seoul Metropolitan Government said Tuesday it will allow advertisements to be placed on bikes from its public bike service to overcome deficits. Tthe city’s unmanned bike rental service, dubbed Ttaereungyi in Korean, faced deficits of 9 billion won (US$6.88 million) in 2019, 9.9 billion won in 2020 and [...]