travel agency

Travel & Leisure Korean hotels bask in rising foreign visitors; travel agencies in trouble

Hotels in South Korea are booming thanks to a surge in foreign visitors on a weaker won currency, while domestic travel agencies are suffering from ...

Regulations MBK Partners under Korean tax agency scrutiny

MBK Partners, a leading North Asia-focused private equity firm, has come under a probe by South Korea’s National Tax Service (NTS) amid the br...

Retail S.Korean gov't to lift two-bottle limit on duty-free alcohol

South Korean government will lift the number restriction of duty-free alcohol bottles for inbound travelers and halve the patent fees to boost the d...

Korean stock market Korean stocks diverge: Winners, losers of Yoon’s martial law debacle

South Korean stocks showed clear divergences on Wednesday amid a mixed market outlook as President Yoon Suk Yeol’s martial law declaration, re...

Aerospace & Defense STX to export $60 mn wheeled armored vehicles to Peru

STX Corp., a South Korean general trading company, said on Monday it signed a contract with  Fábrica de Armas y Municiones del Ejé...

Travel & Leisure S.Korean overseas card spending posts record $5.71 bn in Q3

With the increase in international travel during the summer, overseas card spending by South Korean residents reached a record high in the third qua...

Retail Korean duty-free shops post Q3 losses; no signs of recovery

The four major duty-free shop operators in South Korea on Thursday posted operating losses in the third quarter, marking the first quarter in almo...

Bio & Pharma Volpara to supply breast cancer SW to US Defense Health Agency

Lunit, a South Korean cancer diagnostics AI company, said on Monday its US subsidiary Volpara Health secured a 10 billion won ($7.5 million) contr...

Automobiles Hyundai, Kia gets triple A credit rating from S.Korean agencies

Hyundai Motor Co. and Kia Corp. said on Monday they received AAA ratings, with Stable outlooks for both companies, from Korea Ratings Corp., Nice In...

North Korea North Korean Troops Train in Russia as Moscow Deepens War Coalition

North Korea has sent hundreds of special forces to eastern Russia for training in recent weeks, according to South Korea’s main intelligence a...

Logistics CJ Logistics, KT&G introduce hydrogen cargo trucks

South Korea's CJ Logistics said on Thursday that it deployed two 11-ton hydrogen-powered cargo trucks in the logistics division of KT&G Corp.The...

Hydrogen economy Hyundai Motor sells over 1,000 Elec City FCEV

Hyundai Motor Co. said on Sunday it has sold more than 1,000 units of its hydrogen fuel cell bus Elec City Fuel Cell Electric Vehicle (FCEV) with cu...

Automobiles Hyundai to develop unmanned robot for EV fire suppression

Hyundai Motor Group said on Thursday that it plans to jointly develop the unmanned firefighting robot vehicle with the South Korean National Fire Ag...

Travel & Leisure Rising overseas trips to raise Korea’s travel account deficit

Demand for overseas travel among South Koreans during the upcoming holiday grew, while the number of inbound tourists from China is expected to shri...

Banking & Finance Shinhan SOL Travel Cards' cumulative issuance reaches 1.2 mn

South Korea's Shinhan Card said on Wednesday that the cumulative issuance of its travel-specialized card, the Shinhan SOL Travel Card (available in ...

Retail S.Korean travel retailers face downturn without Chinese big spenders

Before COVID-19 swept the world, South Korea’s top two travel retailers Lotte Duty Free and Shilla Duty Free Shop ascended to the world’...

Tech, Media & Telecom Naver Map sees 30% increase in foreign user base

The foreign users of Naver Map, the map service of South Korea's online platform giant Naver Corp., have a 30% increase from last year.  Naver...

Mergers & Acquisitions MezzoMedia acquires digital ad agency DBASE&

MezzoMedia, a digital marketing solutions company under South Korea's entertainment company CJ ENM Co., announced on Thursday that it acquired the d...

Travel & Leisure S.Korean travelers splurge in Japan on softer yen

South Korean travelers spent a total of 431.4 billion won ($312 million) through debit and credit cards in Japan in the first half of this year, twi...

Beauty & Cosmetics S.Korea's Vegan J. enters Amazon USA

South Korean eco-friendly cosmetic brand Vegan J. announced on Friday that it sells its products on Amazon, the largest e-commerce platform in the U...

Banking & Finance S.Korea’s travel payment card market competition heats up

Competition in the South Korean travel payment card market intensified as increasing overseas trips and cross-border shopping prompted credit card i...

Airlines South Korea-Japan air travelers soar to 10 mn in first five months

The number of air passengers traveling between South Korea and Japan has surpassed 10 million in the first five months of this year, setting a new r...

Travel & Leisure Jeju casinos, hotels bask in return of Chinese tourists; luxury shops fall

Following the pandemic, hotels and casinos are enjoying a renewed tourist boom with Chinese tourists returning to South Korea, particularly its top ...

Banking & Finance Shinhan Card, Canada's Alberta to co-work for tourism

South Korea's Shinhan Card Co. announced on Wednesday that it signed a strategic business agreement with the provincial government of Alberta, C...

Korean stock market Korea's short-selling ban impedes MSCI index upgrade

South Korea is expected to retain its MSCI’s emerging market status as the global index provider said in its June 6 report that the country&rs...

Travel & Leisure Lotte Tour launches premium travel brand High&

Lotte Tour Development Co. announced on Tuesday that it launched the brand High& for high-quality premium package travel products.High& is a...

Earnings Yanolja gains momentum with cloud, overseas trip businesses

SoftBank-backed Yanolja Co. cheered stellar earnings in the first quarter after its new businesses – cloud and outbound trip services – ...

Airlines Korean Air to launch Incheon-Macau route in July

Korean Air Lines Co., the leading full-service airline in South Korea, announced on Friday that it will launch flights on the Incheon-Macau route st...

Aerospace & Defense S.Korea taps ex-NASA exec John Lee as space agency R&D head

South Korea named John Lee, a former senior executive of the US National Aeronautics and Space Administration (NASA), as the head of missions such a...

K-pop HYBE to fire NewJeans agency CEO; Min refutes accusation

HYBE Co. is seeking to sack Min Hee-jin, the chief of ADOR, its label behind globally popular girl group NewJeans, as it investigates allegations th...