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South Korea Ranks Fourth in Number of Starbucks Stores in 2023

South Korea Ranks Fourth in Number of Starbucks Stores in 2023

SEOUL, Feb. 12 (Korea Bizwire) – South Korea boasted the fourth-largest number of Starbucks outlets globally as of last year, driven by robust demand from local consumers. According to data released Monday by the U.S. coffee giant, South Korea had 1,893 Starbucks stores in 2023, marking an increase of 116 from the previous year. Despite [...]

In 2023, Electric Vehicles Accounted for 9.3% of Newly Purchased Cars

In 2023, Electric Vehicles Accounted for 9.3% of Newly Purchased Cars

SEOUL, Feb. 12 (Korea Bizwire) – Electric cars accounted for 9.3 percent of newly purchased cars in South Korea last year, data showed Monday, hovering above that of other major counterparts, including the United States and Japan. The electric vehicles (EVs) took up 162,507 of 1.74 million cars sold in South Korea in 2023, according [...]

Soju Exports Exceed $100 Million for the First Time in a Decade: Data

Soju Exports Exceed $100 Million for the First Time in a Decade: Data

SEOUL, Feb. 10 (Korea Bizwire) – Exports of soju, distilled Korean liquor, topped US$100 million for the first time in 10 years in 2023, data showed Saturday. According to the Korea Customs Service, outbound shipments of soju reached $101.4 million in 2023, an increase of 8.7 percent from 2022. The last time soju exports surpassed [...]

Facebook’s User Base in South Korea Falls Below 10 Million, Marking a Significant Shift Since Its Peak

Facebook’s User Base in South Korea Falls Below 10 Million, Marking a Significant Shift Since Its Peak

SEOUL, Feb. 9 (Korea Bizwire) –With Facebook recently marking 20 years since its launch, the once-dominant social media platform has seen its monthly active users on the mobile app in South Korea dip below the 10 million mark for the first time since May 2020, when mobile big data company IGAWorks began its combined app [...]

YouTubers’ Combined Annual Income Surpasses 1 Trillion Won in 2022: Data

YouTubers’ Combined Annual Income Surpasses 1 Trillion Won in 2022: Data

SEOUL, Feb. 9 (Korea Bizwire) – The combined annual income of single-person media creators, such as YouTubers, reached over 1 trillion won (US$753 million) in 2022, according to data released Friday. A total of 39,366 individuals reported their annual income as single-person media creators in 2022, with the total amount reaching 1.14 trillion won, according [...]

Most Software Developers Believe Generative AI Could Take Over Some of Their Tasks

Most Software Developers Believe Generative AI Could Take Over Some of Their Tasks

SEOUL, Feb. 9 (Korea Bizwire) –A recent survey revealed that 90% of software developers anticipate that generative artificial intelligence (AI) could potentially replace aspects of their jobs. HR tech company WantedLab disclosed that an online survey conducted from February 2 to 7 among approximately 180 software developers found that 83.6% of respondents believe generative AI [...]

South Korea’s Share in China’s Imports Dips Below 7% Last Year, According to Data

South Korea’s Share in China’s Imports Dips Below 7% Last Year, According to Data

SEOUL, Jan. 28 (Korea Bizwire) – South Korea took up less than 7 percent of China’s total imports last year, the lowest in 30 years, amid a change in the two countries’ trade relations and a global slump in the IT industry, data showed Sunday. South Korea accounted for 6.3 percent of China’s total inbound [...]

BMW Surpasses Mercedes-Benz, Emerging as South Korea’s Best-Selling Foreign Carmaker in the Previous Year

BMW Surpasses Mercedes-Benz, Emerging as South Korea’s Best-Selling Foreign Carmaker in the Previous Year

SEOUL, Jan. 4 (Korea Bizwire) – BMW Korea overtook Mercedes-Benz Korea to become the leading foreign automobile company in South Korea last year in terms of sales, industry data showed Thursday. According to the Korea Automobile Importers & Distributors Association (KAIDA), the number of newly registered BMW models last year reached 77,395 units out of the [...]

Exports of Eco-friendly Cars Jump 33 pct to Record High This Year

Exports of Eco-friendly Cars Jump 33 pct to Record High This Year

SEOUL, Dec. 24 (Korea Bizwire) – South Korea’s exports of eco-friendly vehicles surged 32.5 percent on-year to a record high during the first 11 months of this year on solid global demand for electric vehicles (EVs), data showed Sunday. The export volume of eco-friendly automobiles came to 662,307 units during the January-November period, compared with [...]