SEOUL, Nov. 15 (Korea Bizwire) – In response to ongoing inflation, South Korean consumers are expected to evolve beyond simple cost-cutting measures to adopt more sophisticated “wiser wallets” spending patterns in the coming year, according to a new global consumer trends report. The “2025 Global Consumer Trends Report,” released on November 14 by global data analytics [...]
SEOUL, Nov. 14 (Korea Bizwire) – Samsung Group shares, long considered a cornerstone of South Korean investing, continued their downward trajectory as foreign and institutional investors led a significant selloff, while retail investors moved to buy the dip. Market analysts suggest that despite current undervaluation, a quick recovery appears unlikely. On November 13, Samsung Electronics closed [...]
SEOUL, Nov. 13 (Korea Bizwire) – Lee, a 32-year-old office worker from Incheon, has been waking up in the middle of the night to check his investment portfolio, often exclaiming “Thank you, Musk” before falling back asleep. His enthusiasm stems from a remarkable turnaround in his 10-million-won investment in Tesla, which had previously plunged 30% amid [...]
SEOUL, Nov. 13 (Korea Bizwire) – As Bitcoin reaches unprecedented heights globally, an unusual phenomenon has emerged in South Korea: domestic trading prices have fallen below international rates, marking a rare reversal of the nation’s traditionally higher cryptocurrency valuations. According to data from CryptoQuant, a cryptocurrency analytics firm, the Bitcoin Kimchi Premium Index registered at -0.88% [...]
SEOUL, Nov. 10 (Korea Bizwire) – As South Korea prepares for its annual College Scholastic Ability Test (CSAT), market analysts are noting a peculiar pattern: the stock market tends to perform poorly on the day of the crucial national exam. The phenomenon, which has caught the attention of South Korea’s financial sector, is largely attributed to [...]
SEOUL, Nov. 8 (Korea Bizwire) – In a significant move that cements his position among South Korea’s most successful entrepreneurs, Bom Kim, the founder and executive chairman of Coupang, has announced plans for a major stock sale, fourteen years after founding the company and three years after its landmark NYSE debut. Kim, who moved to the [...]
SEOUL, Nov. 7 (Korea Bizwire) — Donald Trump’s return to the White House is expected to have a significant impact on the export-driven South Korean economy and increase market volatility as he has warned of protectionist policies, decoupling from China and other drastic policy shifts across the board, experts said Thursday. “If the policy stance [...]
SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s industry ministry launched a conference on Wednesday, highlighting the government’s efforts to attract foreign direct investment (FDI) by creating a favorable business environment. The annual Invest Korea Summit kicked off in Seoul for a three-day run, drawing over 2,000 participants from global companies and governments, according to [...]
SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s central bank said Wednesday it will test the feasibility of a digital voucher based on a tokenized deposit as part of its trial to introduce a wholesale central bank digital currency (CBDC). Along with the Financial Services Commission, the Ministry of Science and ICT, and the Bank [...]
SEOUL, Nov. 5 (Korea Bizwire) – South Korea’s economy could face severe long-term consequences if it fails to adequately address the climate crisis, with projections showing an annual growth rate decline of 0.3 percentage points and a 21% drop in GDP by 2100, according to a new report from the Bank of Korea. The central bank [...]