SEOUL, Oct. 30 (Korea Bizwire) – A government investigation has revealed dramatic price hikes at hotels and lodging facilities during South Korea’s peak summer season, particularly around major music festivals and local cultural events. The Korea Consumer Agency disclosed its findings on October 29 after examining prices at 347 accommodations listed on booking platforms. The investigation [...]
SEOUL, Oct. 30 (Korea Bizwire) – A South Korean court has ruled that redesigning luxury products without permission constitutes trademark infringement, dealing a blow to the growing fashion upcycling industry. The Patent Court of Korea upheld a lower court’s decision against a craftsman who reconstructed Louis Vuitton bags into new designs, ordering him to pay 15 [...]
SEOUL, Oct. 30 (Korea Bizwire) – The South Korean government has announced plans to allow the use of rural temporary shelters on farmland to extend beyond their current 12-year maximum limit, marking a significant shift in rural housing policy. The Ministry of Agriculture, Food and Rural Affairs revealed on October 29 that it would amend the [...]
SEJONG, Oct. 29 (Korea Bizwire) – South Korea’s exports, long considered the backbone of its economy, are showing signs of weakness, amplifying concerns about the country’s economic outlook. The possibility of a Donald Trump victory in the U.S. presidential election, with his promises of aggressive tariff policies, is raising additional concerns about the recovery of exports [...]
SEOUL, Oct. 29 (Korea Bizwire) – Rising sea temperatures and climate change are transforming South Korea’s seafood consumption patterns, with imported seafood increasingly replacing domestic catches on dinner tables as local fish populations decline. Major retailers report that imported seafood now accounts for up to 70% of their seafood sales, as consumers turn to more affordable [...]
SEOUL, Oct. 29 (Korea Bizwire) – Red ginseng products topped the list of most purchased items among Chinese and Japanese tourists at Incheon International Airport’s duty-free shops during the July-September period, Shinsegae Duty Free reported on October 28. According to the company’s analysis, the popularity of red ginseng reflects its status as a representative Korean health [...]
SEOUL, Oct. 28 (Korea Bizwire) – In an unprecedented sign of climate disruption, South Korean authorities issued 681 extreme heat warnings across the country during and immediately after the autumn Chuseok holiday on September 18-19. The heat was so unusual for autumn that some joked the harvest festival should be renamed from “Chuseok” (Autumn Evening) to [...]
SEOUL, Oct. 28 (Korea Bizwire) – In a growing trend that reflects South Korea’s rising food costs, office workers are increasingly turning to convenience store meals delivered through quick commerce services for their lunch breaks. “With restaurant prices skyrocketing, it’s becoming burdensome to eat out every day,” said an individual identified only as Yu, an officer [...]
SEOUL, Oct. 28 (Korea Bizwire) — The oceans ministry said Monday that it discussed sustainable fishing and marine conservation with global partners during an international meeting on the Antarctic environment. South Korea participated in the Commission for the Conservation of Antarctic Marine Living Resources meeting in Australia last week, where 27 member countries called for [...]
SEOUL, Oct. 25 (Korea Bizwire) – In the week following Han Kang’s historic Nobel Prize in Literature win, South Korean bookstores reported a remarkable 40% increase in sales, with older readers leading the buying surge. According to data analyzed by BC Card, major bookstore chains, both online and offline including Kyobo Book Centre, saw their sales [...]