SEOUL, Jul. 12 (Korea Bizwire) – A recent survey has revealed that 9 out of 10 consumers in South Korea intend to stick with their current smartphone brand, indicating a strengthening “lock-in effect” in the mobile device market. The study also found that smartphone usage among seniors over 70 has surpassed 90% for both men and [...]
SEOUL, Jul. 12 (Korea Bizwire) – The minimum wage for next year was set at 10,030 won (US$7.30) per hour Friday, marking the first time the compulsory hourly minimum wage has surpassed the 10,000 won level. The rate reached during the 11th plenary meeting of the Minimum Wage Commission marks an increase of 170 won, [...]
SEOUL/PARIS, Jul. 11 (Korea Bizwire) — The head of Samsung Electronics Co.’s mobile division has said the company aims to boost sales of its new foldable smartphones by more than 10 percent, highlighting the addition of advanced artificial intelligence (AI) capabilities. The world’s largest smartphone maker unveiled its latest generation foldable smartphones, the Galaxy Z [...]
SEOUL, Jul. 10 (Korea Bizwire) – In a significant shift of public opinion, South Koreans have increasingly identified climate change as the most critical environmental issue facing their nation, according to a recent survey. The Korea Environment Institute (KEI) released its “2023 National Environmental Awareness Survey” on July 9, revealing a surge in concern about climate [...]
SEOUL, Jul. 8 (Korea Bizwire) – In a recent episode of SBS’s popular reality show “My Ugly Duckling,” viewers witnessed an unexpected scene: celebrities Lee Dong-gun, Kim Jong-kook, and Lee Sang-min nervously entering a plastic surgery clinic. This moment marks a significant shift in how South Korean entertainment figures approach the once-taboo subject of cosmetic procedures. [...]
SEOUL, Jul. 8 (Korea Bizwire) – In a global comparison of household debt burdens, South Korea emerged as having the fourth-highest ratio of debt payments to income among major economies last year, according to data released by the Bank for International Settlements (BIS). The report, published on July 7, reveals that South Korea’s debt service ratio [...]
JEUNGPYEONG, Jul. 8 (Korea Bizwire) – At a Buddhist temple nestled in the countryside of South Korea’s North Chungcheong Province, an unusual scene unfolded last Friday. A group of visitors, accompanied by their canine companions, gathered to participate in a unique program that combines traditional temple stays with pet-friendly accommodation. The event was held at Mireuksa [...]
SEOUL, Jul. 5 (Korea Bizwire) – A recent survey has revealed that 7 out of 10 South Koreans experienced mental health issues, including severe stress and persistent depression, over the past year. This marks a significant change from the previous survey conducted two years ago. The National Center for Mental Health disclosed these findings on July [...]
SEOUL, Jul. 4 (Korea Bizwire) – The South Korean TV home shopping industry is facing a severe downturn with broadcast revenue plummeting to a five-year low, reflecting the ongoing decline in television viewership. This slump comes amid rising transmission fees, further squeezing the industry’s profitability. According to a report released by the Korea TV Home Shopping [...]
SEOUL, July 3 (Korea Bizwire) – North Korea’s recent shift from sending propaganda leaflets to launching balloons filled with excrement into South Korea may be seen as an admission of the regime’s vulnerability, but experts warn that this tactic could pose a serious threat if it evolves into a form of terrorism. These observations come from [...]