SEOUL, May 10 (Korea Bizwire) – Amid a sluggish economy, the prevalence of late marriages and a growing cost of living, an increasing number of parents in South Korea are comfortable with the idea of having a ‘kangaroo family’, where parents support their children past university into employment, with four in ten parents now saying they [...]
SEOUL, May 10 (Korea Bizwire) – The growing number of pet owners is prompting new businesses and services to sprout up around South Korea, targeting those who are willing to open their wallets despite the long economic slump facing the country. Koreans over 60 are one of the age groups with the largest spending on pets. [...]
CHINA, May 10 (Korea Bizwire) – South Korean electronics giant Samsung’s recent struggles in the Chinese market saw its smartphone sales more than halved during the first quarter, with the company’s market share now languishing at 3.3 percent. While Samsung experienced one of its worst quarters in China, seeing its market share slashed by more than [...]
SEOUL, May 10 (Korea Bizwire) – A new report from the Korea Labor Institute (KLI) has revealed that around four in ten South Korean independent business owners and salaried workers earn less than 10 million won ($8,820) per year, well below the average annual income. Of nearly 26 million income earners in 2015, 38.4 percent made [...]
SEOUL, May 10 (Korea Bizwire) – An attempt to lease out the remaining duty-free store licenses by tender at the new terminal at Incheon International Airport has failed again, as no duty-free operators made a bid, authorities and industry sources said Wednesday. The auction for licensing to run the apparel and accessories store at the [...]
SEOUL, May 10 (Korea Bizwire) – Psy, the 2012 global pop sensation who released “Gangnam Style,” said on Wednesday he is really keyed up hours before the release of his eighth studio album. “Among many things I do on Earth, standing on stage is the most not nervous, but I’m really nervous at this place [...]
SEONGNAM, May 10 (Korea Bizwire) – Seongnam Arts Center is launching a family program tailored for middle-aged married couples and their children, as part of an initiative to help resolve common issues facing the age group through culture and the arts, the institution announced Monday. Marriages in South Korea last for 14 years on average, [...]
SEOUL, May 10 (Korea Bizwire) – Around half of South Korean single men say they would be proud if their wife of the future brought in more income than themselves, according to a recent report. The new study conducted with the participation of 594 South Korean single men and women by marriage agencies Bien Aller and [...]
SEOUL, May 10 (Korea Bizwire) – Asiana Airlines Inc. said Wednesday its net profit more than doubled in the first quarter from a year earlier on currency gains. Net profit for the three months ended March 31 jumped to 96 billion won (US$85 million) from 44 billion won a year earlier, the company said in [...]
SEOUL, May 10 (Korea Bizwire) – The prevalence of ovarian cancer among South Korean women in their 20s has jumped nearly 50 percent over the past five years due to a change in their life patterns, data showed Sunday. According to the data by the Health Insurance Review & Assessment Service, 20-something ovarian cancer patients stood at 1,218 last year, [...]