SEOUL, July 8 (Korea Bizwire) — When selecting digital health applications, Korean users—including doctors, chronic disease patients, and the general public—prioritize cybersecurity and personal data protection over therapeutic effectiveness, according to a new study released by Yonsei University’s Severance Hospital. The research, led by Professor Shin Jae-yong of the Department of Preventive Medicine at Yonsei [...]
SEOUL, July 3 (Korea Bizwire) — As South Koreans continue to grapple with high inflation and a sluggish economy, a new wave of cost-conscious consumers is turning to community-based bulk-buying as a savvy spending strategy. According to local marketplace platform Danggeun Market on Tuesday, the number of newly formed bulk-sharing groups on its platform surged [...]
SEOUL, June 30 (Korea Bizwire) — The number of in-home care facilities serving elderly South Koreans has nearly quadrupled over the past five years, reflecting a growing preference among seniors to receive medical and support services at home rather than in institutional settings. According to data released Saturday by the Ministry of Health and Welfare, [...]
SEOUL, June 26 (Korea Bizwire) — South Korea’s financial investment in the United States surged to an all-time high in 2024, as domestic investors increasingly turned to U.S. stocks and production facilities amid a shifting global economic landscape, data from the Bank of Korea showed Thursday. According to the central bank’s provisional international investment balance sheet, [...]
SEOUL, June 25 (Korea Bizwire) – Once the dominant force in South Korea’s imported vehicle market, diesel-powered passenger cars are facing a steep decline as consumers increasingly turn to cleaner alternatives. According to data released Tuesday by the Korea Automobile Importers & Distributors Association (KAIDA), only 1,469 imported diesel passenger vehicles were sold in South [...]
SEOUL, June 24 (Korea Bizwire) — While global consumers continue to favor monochromatic car colors, South Korean buyers are increasingly opting for vibrant, expressive hues, according to a new report by global coatings manufacturer Axalta. The report, released on June 22, shows that in 2024, 24% of cars sold in South Korea featured chromatic (non-neutral) [...]
SEOUL, June 24 (Korea Bizwire) – As inflation continues to weigh heavily on South Korean households, major retailers are adopting a “reverse pricing” strategy—setting a target sale price first and working backward to meet it—reshaping how goods are planned, priced, and sold. Rather than determining prices based on production costs and margins, companies like E-Mart, [...]
SEOUL, June 20 (Korea Bizwire) — Seoul’s subway system has faced a deluge of temperature-related complaints in recent months, with over 283,000 grievances filed from January through May, according to Seoul Metro. The figure accounts for 75.5% of all customer service issues reported during the five-month period. As temperatures rose in May, so did commuter frustration, [...]
SEOUL, June 19 (Korea Bizwire) — In a milestone for South Korea’s luxury financial market, Hyundai Card has become the first local issuer to launch the American Express Centurion Card—widely known as the “original black card”—marking the domestic debut of a product long reserved for the global ultra-elite. The card, issued exclusively by invitation and [...]
SEOUL, June 18 (Korea Bizwire) — South Korea is experiencing a widening deficit in high-skilled labor as more top-tier professionals, particularly in fields like artificial intelligence, continue to leave the country, prompting renewed calls for structural reforms to retain and attract global talent. In a report released Tuesday, the Korea Chamber of Commerce and Industry’s [...]