SEOUL, Feb. 10 (Korea Bizwire) — Younger South Koreans are increasingly turning to overseas markets, allocating far more of their portfolios to foreign exchange-traded products than to domestic shares, according to a new study that highlights a widening generational divide in investment behavior. A report released Tuesday by the Korea Capital Market Institute found that individual [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Koreans are spending far more on generative artificial intelligence apps, underscoring how quickly the technology has shifted from novelty to necessity — and raising fresh questions about the future of the mobile gaming market. In-app purchases for generative AI apps in South Korea surged 513 percent last year to [...]
SEOUL, Feb. 4 (Korea Bizwire) — Young adults who began college at the height of the Covid-19 pandemic are less likely to pursue ambitious life goals and more inclined to focus on getting through the present, according to a new longitudinal study that suggests a lasting shift in values among Korea’s so-called “Covid generation.” In a [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s once-ubiquitous motels — long associated with budget travel and so-called “love hotels” — are quietly disappearing, squeezed by shifting travel habits, weaker profitability and the rise of alternative lodging, according to industry data and experts. While the term “motel” has no formal legal definition in South Korea, government [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s cryptocurrency market is rapidly losing favor with investors as capital flows decisively toward a booming stock market, reversing a trend that once saw digital assets eclipse equities in trading volume. According to data from CoinGecko, the country’s largest crypto exchange, Upbit, ranked just 26th globally in 24-hour trading [...]
SEOUL, Feb. 2 (Korea Bizwire) — When a South Korean office worker recently considered paying for an artificial intelligence service to help with his job, he found himself unsure which product to choose. Each major platform — from Google’s Gemini to OpenAI’s ChatGPT and Anthropic’s Claude — claimed to offer “top performance” in different areas. “The [...]
SEOUL, Jan. 29 (Korea Bizwire) — On a bitterly cold January afternoon in central Seoul, the narrow corridors of Jongno’s famed jewelry district were unusually warm — not from heaters, but from the steady flow of customers drawn by soaring gold prices. Inside the tightly packed shops near Jongno 3-ga Station, clerks tapped calculators and weighed [...]
SEOUL, Jan. 28 (Korea Bizwire) — The number of registered vehicles in Seoul declined for a third consecutive year in 2025, making the capital the only region in South Korea to record a sustained drop, even as registrations of environmentally friendly cars climbed sharply, city officials said Wednesday. According to an analysis released by the Seoul [...]
SEOUL, Jan. 28 (Korea Bizwire) — South Korea’s retail investors are piling into exchange-traded funds tied to the Kosdaq market as the tech-heavy index pushes into what traders have dubbed the “1,000 era,” fueling sharp gains in leveraged products and reshaping short-term market flows. According to data released Wednesday by Koscom’s ETF Check, the top five [...]
SEOUL, Jan. 27 (Korea Bizwire) — Public criticism of Coupang, South Korea’s dominant e-commerce platform, is intensifying, spreading beyond small merchants to consumer, labor and civic groups, as concerns mount over corporate power, data security and the company’s ties to U.S. political influence. The backlash has grown sharper since a large-scale personal data breach last year, [...]