Yeogi Eottae News Today

Korea's leading travel agency Hanatour has been listed in the merger market with its ownership stake up for sale. Reports from the industry on Tuesday indicate that IMM Private Equity, Hanatour's largest shareholder, has recently commenced the selection process for a new stakeholder, which is anticipated to amount to up to 27.78 percent of the shares. Market sources predict that the sale price may reach aro...

A 33-year-old man, who asked to be identified only by his surname Choi, recently experienced a rude shock while trying to make a reservation for Christmas at a restaurant in Seoul. In his view, the price and conditions for booking were ridiculous. He found the situation to be similar at other restaurants he checked too.

Yanolja, a hotel booking app operator, told its employees earlier this week that it will carry out a voluntary redundancy program by Oct. 6. Those who wish to leave the company can receive cash payments equivalent to four months of their salary or three months of their paid leave.

Over 70 percent of Koreans are planning to go on a trip during the Chuseok holiday as they will have a six-day extended break, according to a survey, Friday, This years Chuseok holiday will run from Sept. 28 to Oct. 1, but the government decided to designate Oct. 2 as a temporary holiday, which effectively makes it a bridge to Oct. 3, which is National Foundation Day.

For Chung Myung-hoon, chief executive of the Good Choice Company, the secret to the success of one of Koreas top accommodation booking platforms is not the latest technology or savvy marketing campaign. The secret to the companys success, he says, is making sure employees have a concrete understanding of their common goals and are compelled to achieve them.

Danawa, Interpark still looking to attract buyers