SEOUL, May 6 (Korea Bizwire) — South Korean e-commerce giant Coupang, Inc. said Tuesday it has launched an English interface for its mobile application to better cater to its foreign customers shopping online. The English interface will enable users to view functions central to the app, including product search, product descriptions, order information and payment, [...]
SEOUL, May 5 (Korea Bizwire) — Online shopping has become the dominant channel for purchasing home appliances in South Korea, outpacing all other major product categories in digital penetration, according to newly released government data. Figures from Statistics Korea’s national portal show that online transactions accounted for 53.7% of total retail sales in the home appliance [...]
SEOUL, May 6 (Korea Bizwire) — South Korea’s retail sector is undergoing a transformation, with department stores, convenience chains, e-commerce platforms, and home shopping networks all doubling down on health supplements as a key growth driver in the post-pandemic era. Spurred by the rise of the “Healthy Pleasure” lifestyle — where consumers actively enjoy health management [...]
SEOUL, May 5 (Korea Bizwire) — South Korea’s production in the construction sector declined by the most in more than 26 years in the first quarter amid industry slumps and political uncertainty caused by former President Yoon Suk Yeol’s martial law bid, data showed Monday. The value of construction completed, a measure of production in [...]
SEOUL, May 5 (Korea Bizwire) — As global competition heats up in the pharmaceutical and biotech sectors, major players in South Korea and abroad are accelerating efforts to expand the therapeutic indications of existing drugs—a strategy aimed at maximizing product value and securing wider market share. According to industry sources on May 4, Korea Novo Nordisk [...]
SEOUL, May 5 (Korea Bizwire) — As modular construction rapidly gains global traction as a sustainable and efficient building method, South Korean construction firms and public agencies are scaling up investments and expanding the scope of projects from single-story homes to high-rise apartments. Modular construction—where prefabricated components are assembled on-site—offers a range of advantages including shorter [...]
SEOUL, May 5 (Korea Bizwire) — South Korea’s leading hotels and department stores are turning to art-driven strategies to attract affluent, experience-seeking customers, elevating their venues from commercial spaces to immersive cultural destinations. With the rise of “art marketing,” retailers are integrating curated exhibitions, docent-led tours, and gallery partnerships into their business models. This trend is [...]
SEOUL, May 5 (Korea Bizwire) — A month after South Korea fully reinstated short selling across all listed stocks, expectations that foreign investors would return to the domestic market have yet to materialize, despite signs of market resilience and easing volatility. According to data from the Korea Exchange, total short-selling turnover on the KOSPI and KOSDAQ [...]
SEOUL, May 5 (Korea Bizwire) — Samsung Electronics and LG Electronics are seeing robust growth in their automotive electronics divisions, with first-quarter earnings from these units matching or even surpassing those from their flagship home appliance and television businesses—a sign of accelerating transformation in both firms’ business portfolios. According to industry data released on May 4, [...]
SEOUL, May 4 (Korea Bizwire) — As the second Trump administration signals renewed interest in U.S.-Korea collaboration in shipbuilding, South Korea is eyeing an opportunity to revitalize its maritime industry. However, analysts warn that meaningful gains will require overcoming major domestic obstacles, including limited U.S. infrastructure and an acute labor shortage at home. According to a [...]