SEOUL, June 2 (Korea Bizwire) — Spending on pet care services and products in South Korea has surged by 30% over the past three years, with the fastest growth driven by consumers aged 60 and older, according to a new report released by KB Kookmin Card. The analysis, based on 24.85 million card transactions by 3.54 [...]
SEOUL, June 2 (Korea Bizwire) — South Koreans are spending a smaller share of their income than they did a decade ago, signaling deeper shifts in household behavior amid demographic and economic changes, according to a new report released by the Korea Chamber of Commerce and Industry (KCCI). The report, titled “Changes in Consumption Propensity by [...]
SEOUL, May 31 (Korea Bizwire) — Parking issues remain the leading source of frustration for apartment dwellers in South Korea, according to a new analysis of resident complaints filed through a popular apartment management platform. Apartmenti, a residential service app, revealed Friday that parking-related grievances accounted for 33% of the more than 100,000 complaints submitted [...]
SEOUL, May 31 (Korea Bizwire) — The accelerating shift from traditional pay TV to online streaming platforms is deepening South Korea’s cord-cutting trend, as the number of pay TV subscribers continued to decline in the second half of 2024. According to a report released Thursday by the Ministry of Science and ICT, the total number [...]
SEOUL, May 30 (Korea Bizwire) — South Korea’s economy showed renewed signs of weakness in April, with industrial production, consumption, and investment all posting declines — the first “triple minus” since January — as the impact of new U.S. auto tariffs begins to ripple through key sectors. According to data released Friday by Statistics Korea, [...]
SEOUL, May 30, 2025 (Korea Bizwire) — The number of South Koreans enrolling in government-run smoking cessation clinics has halved over the past decade, while quit rates have also dropped significantly — raising concerns about waning public engagement with anti-smoking efforts. According to new data from the Ministry of Health and Welfare and the Korea [...]
SEOUL, May 29 (Korea Bizwire) — South Korea has emerged as the world’s second-largest market for paid ChatGPT subscriptions, trailing only the United States, amid a dramatic surge in the use of generative AI services nationwide. According to the 2024 Intelligent Information Society User Panel Survey released Thursday by the Korea Communications Commission and the [...]
SEOUL, May 29 (Korea Bizwire) — One year after the launch of Samsung Electronics’ all-in-one washer-dryer — hailed as a “dream appliance” — consumer usage data suggests the product is redefining laundry habits, particularly for working households. According to a recent survey of over 200 purchasers of the 2024 Bespoke AI Combo and similar models, [...]
SEOUL, May 29, 2005 (Korea Bizwire) — Amid persistent economic challenges and a robust public transportation network, an increasing number of young South Koreans are putting off getting their driver’s licenses — or skipping the process altogether. According to data released by the National Police Agency, the number of newly issued licenses to teenagers and [...]
MANILA, May 29 (Korea Bizwire) — Korean dramas are not just winning hearts in the Philippines — they’re reshaping drinking habits, too. Fueled by scenes of characters sharing drinks over grilled pork belly or mixing soju and beer, a growing number of Filipinos in their 20s and 30s are embracing Korea’s iconic green-bottle liquor. At [...]