SEOUL, Jan. 24 (Korea Bizwire) — A stark gender divide exists among South Korean teenagers regarding dating expenses, with young women overwhelmingly favoring equal cost-sharing while young men show more traditional views, according to a lifestyle report released by Woori Bank on January 23. The “Teens’ Diary” report, which surveyed 3,729 teenagers aged 14-18 nationwide, revealed [...]
SEOUL, Jan. 17 (Korea Bizwire) — Shinhan Card, a major South Korean credit card company, unveiled ‘REVIVE’ as its consumer trend keyword for 2025 on January 16, based on an analysis of customer spending and social media data. The REVIVE framework encompasses six key trends: Redefine Festivities, Exploring Identity, Virtual Companions, Integrated Contents Commerce, Value of [...]
SEOUL, Jan. 17 (Korea Bizwire) — LG Electronics has launched its latest Lifezip pop-up store, “Romantic Cabin.zip,” at the Gonjiam Resort ski area in Gwangju, Gyeonggi Province, the company announced on Thursday. This initiative is part of LG’s growing home lifestyle community, Lifezip, which aims to enrich customers’ lives by sharing diverse home-based activities. Lifezip, branded [...]
SEOUL, Jan. 16 (Korea Bizwire) — For the first time since the 1997-1998 Asian financial crisis, South Korea’s imported car market has experienced a two-year consecutive decline in sales. According to the Korea Automobile Importers & Distributors Association (KAIDA) on January 15, the number of newly registered imported passenger vehicles in 2024 totaled 263,288 units, marking [...]
SEOUL, Jan. 15 (Korea Bizwire) — Chinese media reported on January 14 that South Korean tourists have been flocking to Shanghai in increasing numbers, drawing significant attention from Chinese citizens. This surge follows China’s implementation of visa-free entry for South Koreans. According to leading Chinese online travel platform Ctrip, the number of South Korean tourists visiting [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korea continues to face mounting dining costs for the third consecutive year as high inflation, currency volatility, and rising interest rates drive food prices upward. From popular dining options to workplace cafeterias and convenience store meals, prices have surged, intensifying the so-called ‘lunchflation’ phenomenon. According to data from Statistics [...]
SEOUL, Jan. 10 (Korea Bizwire) — Seoul residents aged 50 and above have significantly increased their spending over the past five years, while consumption among those in their 40s has remained flat or declined in many sectors, according to a recent study. According to a research report released on January 9 by the Seoul 50 Plus [...]
SEOUL, Jan. 9 (Korea Bizwire) — A majority of South Korean elementary school students dream of becoming entertainers, athletes, or professionals in creative fields, according to a report published on January 9 by the Korea Institute for Health and Social Affairs and Seoul National University’s Social Welfare Research Center. Key Findings The survey, conducted in March [...]
SEOUL, Jan. 9 (Korea Bizwire) — A new study has revealed that individuals who have previously filed claims for private medical insurance not only visit hospitals more frequently but also spend more on outpatient care compared to those who haven’t filed claims. According to research published in the recent issue of the Korean Journal of Hospital [...]
SEOUL, Jan. 8 (Korea Bizwire) — The Korea Chamber of Commerce and Industry (KCCI) unveiled its 2025 Retail Industry White Paper on January 7, identifying “S.N.A.K.E”—Survival, Next, AI, K-Culture, and Economical Consumption—as the year’s key consumer market trends. Survival in a Stagnant Market With global economic challenges and stagnating consumer markets, competition for limited spending [...]