SEOUL, Feb. 27 (Korea Bizwire) — South Korean pharmaceutical and biotech companies are rapidly expanding their presence in the Middle Eastern market, capitalizing on the region’s growing healthcare demands and high-income population. Daewoong Pharmaceutical recently launched its botulinum toxin product, Nabota, in Saudi Arabia, a market known for its stringent entry barriers for such products. The company [...]
SEOUL, Feb. 25 (Korea Bizwire) — The Seoul Metropolitan Government has announced plans to become the first local government in South Korea to develop and publish a “coexistence index” that will evaluate delivery platforms on their commitment to fair business practices and cooperation with small businesses. The initiative, aimed at curbing excessive commission fees and preventing [...]
SEOUL, Feb. 24 (Korea Bizwire) — As health-conscious consumers seek healthier lifestyles and weight management strategies in 2025, South Korea is experiencing a surge in popularity of the “slow-aging” diet, which emphasizes low-glycemic and minimally processed foods designed to slow bodily aging and boost mental wellness. Demand for these healthy meal options has significantly increased, especially [...]
SEOUL, Feb. 24 (Korea Bizwire) — A comprehensive survey has revealed that South Korean adults predominantly define a “good death” as one free from physical pain and that doesn’t burden family members with prolonged caregiving responsibilities. The study, conducted by the Korea Institute for Health and Social Affairs (KIHASA), found that nine out of 10 respondents [...]
SEOUL, Feb. 24 (Korea Bizwire) — With persistent high inflation straining consumer budgets, “off-price” retail (OPR) stores in South Korea are experiencing rapid growth, enticing customers with premium brand clothing at discounts of up to 90%. Originally emerging in early 20th-century America, off-price retail involves purchasing surplus or past-season items directly from brand owners and [...]
SEOUL, Feb. 21 (Korea Bizwire) — As the business landscape rapidly evolves and the MZ generation (Millennials and Gen Z) enters the workforce, South Korean companies are redefining the qualities they seek in employees, according to a new survey. A recent study by career platform Saramin, released on February 20, surveyed 231 companies and found [...]
SEOUL, Feb. 19 (Korea Bizwire) — The recent passing of 25-year-old actress Kim Sae-ron has reignited concerns over cyber harassment and sensationalist media coverage, as South Korea grapples with repeated tragedies involving public figures subjected to relentless online attacks. While public mourning often leads to temporary calls for self-reflection, history suggests the cycle of online [...]
SEOUL, Feb. 18 (Korea Bizwire) — Once a popular and low-barrier entry point for entrepreneurs, South Korea’s café industry is now facing an intense survival challenge due to market oversaturation, rising costs, and regulatory pressures. Despite the industry’s rapid expansion, data shows an alarming rate of closures. According to Statistics Korea, as of 2022, the number [...]
SEOUL, Feb. 18 (Korea Bizwire) — A stark disconnect exists between how elderly South Koreans hope to spend their final days and where they actually die, according to a comprehensive study released on February 17 by the National Health Insurance Service Research Institute. The analysis found that while 67.5% of elderly long-term care recipients wish to [...]
SEOUL, Feb. 16 (Korea Bizwire) — The number of self-employed individuals in South Korea who failed to repay their debts increased by 35% in 2024, as high interest rates and prolonged domestic economic stagnation deepened financial distress, new data shows. The burden was particularly severe for those aged 60 and older, with defaults in this group [...]