SEOUL, Feb. 4 (Korea Bizwire) — The era of predawn queues for luxury goods appears to be waning among South Korea’s young consumers, who are increasingly turning to budget-friendly alternatives known as “dupes” — affordable replicas of high-end products. The term “dupe,” derived from “duplicate,” refers to cost-effective substitutes for luxury or premium items. According to [...]
SEOUL, Feb. 3 (Korea Bizwire) — As the global streaming market enters a period of maturity, industry players are shifting their focus from fierce competition to strategic partnerships and content diversification. This evolving landscape is expected to provide subscribers with a wider array of choices while fostering cross-generational engagement through both short-form content and classic [...]
SEOUL, Feb. 3 (Korea Bizwire) — The South Korean auto industry is bracing for significant disruptions after U.S. President Donald Trump announced new universal tariffs on the country’s largest trading partners, including Canada, Mexico, and China. The move is expected to have immediate financial implications for South Korean automakers and suppliers, particularly those that have [...]
SEOUL, Feb. 3 (Korea Bizwire) — In a steamy scene from Netflix’s “Single’s Inferno” Season 4, a matched couple shares a bed in what’s dubbed “Paradise,” an upscale resort. The camera lingers as they rustle under the same blanket late at night, with one participant whispering, “Isn’t this moving too fast?” This scene, featured in the [...]
SEOUL, Feb. 3 (Korea Bizwire) — Global executives have identified the automotive sector as the industry likely to face the most significant disruption this year, according to a new survey. The research also revealed that amid the rise of China’s low-cost AI system DeepSeek, 8 in 10 executives believe artificial intelligence will positively impact their industries. [...]
SEOUL, Feb. 3 (Korea Bizwire) — Nearly half of South Korean men in their 20s and 30s are classified as obese, while about 30% of young adults are in the pre-diabetes or pre-hypertension stage, according to a new study highlighting alarming health trends among the country’s younger population. The findings, published in a recent issue [...]
BUSAN, Feb. 3 (Korea Bizwire) - Authorities launched a joint investigation into a fire-destroyed Air Busan plane on Monday, a week after the plane caught fire at a South Korean airport shortly before takeoff, prompting passengers to make an emergency exit. The transportation ministry, together with the Bureau of Enquiry and Analysis for Civil Aviation Safety, [...]
SEOUL, Feb. 3 (Korea Bizwire) - A Chinese tour agency specializing in North Korean tours has opened bookings for travel programs to North Korea’s northeastern city of Rason, scheduled for February through April, its website showed Monday. The “Rason Kim Jong-il Birthday Tour” is scheduled to depart on Feb. 12, as well as in March and [...]
SEOUL, Feb. 3 (Korea Bizwire) - Lee Soo-man, the legendary figure behind the global rise of K-pop, is setting his sights beyond the phenomenon known as “hallyu.” The founder and former executive producer of K-pop powerhouse SM Entertainment envisions a future where Korean entertainment transcends national labels. “We must now move beyond hallyu,” Lee said [...]
SEOUL, Feb. 3 (Korea Bizwire) — The popularity of commercial properties in South Korea’s auction market has waned significantly, with both successful bid rates and price ratios falling as businesses struggle with decreased sales during the economic downturn. According to data from GG Auction, a specialized auction data firm, Seoul saw 258 commercial property auctions from [...]