Boeing 777 barred from entering the UK airspace

Feb 23, 2021 07:38 am UTC| Business Economy

Britain barred Boeing 777s from entering the UK airspace following the aircraft models accident in Denver, Colorado. Last weekend, United Airlines flight UA328 was heading to Honolulu, Hawaii, when the planes engine caught...

Travel agencies suffer 80% sales plunge, ask for government relief

Feb 23, 2021 01:13 am UTC| Economy Technology

South Korean travel agencies asked for government relief after its annual sales plummetted over 80 percent last year. According to a task force formed to tackle the crisis, the travel agencies can no longer shoulder...

Seoul launches campaign to support flower farmers hit by COVID-19 slump

Feb 23, 2021 00:12 am UTC| Economy Technology

Seoul citys government has launched a campaign from promoting flower purchases to city halls floral decoration and the expansion of its plant donation program to support flower farmers struggling to survive the pandemics...

S. Korea posts 16.7% surge in exports in first 20 days of Feb.

Feb 22, 2021 22:20 pm UTC| Economy Technology

Strong shipments of chips and autos pushed South Koreas exports soaring by 16.7 percent on-year to $30.4 billion in the first 20 days of February from $26 billion a year earlier. Meanwhile, imports jumped 24.1 percent...

Cargo handling at S. Korean seaports dips 1.6% in Jan.

Feb 21, 2021 22:43 pm UTC| Business Economy

South Koreas cargo volume at local seaports dropped 1.6 percent to 128.9 million tons n January from 131 million tons posted in the same month last year, According to the Ministry of Oceans and Fisheries, the...

Tourism desperately wants a return to the 'old normal' but that would be a disaster

Feb 20, 2021 12:09 pm UTC| Insights & Views Economy

With each passing day, the grave future of Earth becomes more stark. The disruption of COVID-19 has not been enough to shift the trajectory, nor has it prompted polluting sectors of the economy to reconsider the harms they...

South Korean business owners sue government for losses due to COVID-19 pandemic

Feb 19, 2021 12:53 pm UTC| Business Economy

Business owners in South Korea have joined forces to file a legal case against the government. Hundreds of restaurant and cafe owners have sued the administration due to their huge losses brought about by the lockdowns at...