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SNS Analysis Shows Popularity of Home Delivery Subscriptions

SNS Analysis Shows Popularity of Home Delivery Subscriptions

SEOUL, Feb. 22 (Korea Bizwire) – Delivery subscriptions for products other than conventional newspapers or milk are becoming more popular in South Korea, and now address a variety of needs and wants including personal interests and pastime activities.  According to BINS 3.0, SK Planet’s social analysis system, online mentions of “delivery subscription” – on blogs, [...]

Refunds Soar for Children’s Video Game Payments Using Parents’ Credit Cards

Refunds Soar for Children’s Video Game Payments Using Parents’ Credit Cards

SEOUL, Feb. 22 (Korea Bizwire) – The number of underage children using their parents’ credit cards or cell phones (direct carrier billing) to pay for their gaming ventures is on the rise, and as a result, refund requests from parents receiving monthly billing surprises are also growing.  According to the Korea Consumer Agency, there were [...]

Artificial Intelligence is Coming to Journalism, but Not Everyone is Happy

Artificial Intelligence is Coming to Journalism, but Not Everyone is Happy

SEOUL, Feb. 22 (Korea Bizwire) – Two major South Korean web portals – Naver and Daum – have introduced artificial intelligence mechanisms that can recommend news articles to viewers.  Article arrangement is a crucial part of the news editing process, and considering that Naver and Daum are two of the most popular platforms for South [...]

Incheon Airport Sees Record Number of Daily Passengers

Incheon Airport Sees Record Number of Daily Passengers

SEOUL, Feb. 20 (Korea Bizwire) – Incheon International Airport, South Korea’s main gateway, saw its record number of daily passengers renewed this week, airport officials said Monday, with a large number of spring vacation travelers.  The number of passengers arriving at and departing from the airport reached 200,868 on Sunday, the highest daily tally since [...]

Naver Dominates Korean Advertising Market

Naver Dominates Korean Advertising Market

SEOUL, Feb. 20 (Korea Bizwire) – A new report has once again highlighted Naver’s dominant position in South Korea in terms of advertising revenue. MezzoMedia, a digital marketing agency, categorized revenue into three types – PC display ads (DA), mobile display ads, and video ads.  For PC DA, which mainly include online banners, Naver outperformed [...]

Half of New Businesses End up Going Bankrupt Within 2 Years, Statistics Show

Half of New Businesses End up Going Bankrupt Within 2 Years, Statistics Show

SEOUL, Feb. 20 (Korea Bizwire) – Some 800,000 small businesses open shop annually, but about half of them go bankrupt within two years, statistics showed Monday. A report released by Statistics Korea said that among businesses that started in 2013, 62.4 percent were still in operation a year later. The rate fell to 47.5 percent [...]

S Korea’s Fashion Market to Grow 3.3 Pct This Year: Report

S Korea’s Fashion Market to Grow 3.3 Pct This Year: Report

SEOUL, Feb. 17 (Korea Bizwire) – South Korea’s fashion market is expected to grow 3.3 percent in 2017 from a year earlier, with major apparel companies ramping up efforts to expand their footing here and abroad amid dim prospects, industry data showed Friday.  The size of the domestic fashion market is predicted to reach 39.3 [...]

Hanjin Shipping Declared Bankrupt, Ending 40-Year Run

Hanjin Shipping Declared Bankrupt, Ending 40-Year Run

SEOUL, Feb. 17 (Yonhap) – Hanjin Shipping Co., a major shipping line in South Korea, was officially declared bankrupt by a Seoul court Friday, ending its 40-year run and heralding a fundamental change in the country’s shipping landscape.  The Seoul Central District Court decided to declare bankruptcy for Hanjin Shipping after a two-week period for [...]