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 [...]
SEOUL, Jan. 5 (Korea Bizwire) — The musical Aladdin emerged as the highest-grossing production in South Korea in 2024, according to preliminary data from the Korea Performing Arts Box Office Information System (KOPIS). The production, based on Disney’s animated classic, captivated audiences following its November debut and maintained high ticket sales into early 2025. Directed by [...]
DAEJEON, Dec. 31 (Korea Bizwire) —The Korea Railroad Corporation (Korail) announced on Friday that its real-time train location service was ranked the top offering of 2024 in a public poll. The service allows passengers to track the current location and estimated arrival time of all trains on a dedicated map in real time. The poll, [...]
SEOUL, Dec. 30 (Korea Bizwire) — Starbucks Korea announced its top 10 best-selling beverages of 2024, with the classic “Café Americano” once again claiming the top spot. Following closely was the “Café Latte,” maintaining its second-place ranking since the company began tracking sales rankings in 2009. For the first time, a tea-based drink, “Grapefruit Honey Black [...]
SEOUL, Dec. 25 (Korea Bizwire) — Amid a surge in protests following the impeachment motion against President Yoon Suk Yeol, calls for eco-friendly demonstration practices are gaining momentum in South Korea. Environmental activists and concerned citizens are urging organizers to minimize ecological harm during public rallies. The turning point came on December 14, when protesters released [...]
SEOUL, Dec. 22 (Korea Bizwire) – The Kia Carnival has set a new annual sales record in its 26-year history, thanks to surging demand for its hybrid model. Kia announced on December 22 that the Carnival’s global sales from January to November reached 157,336 units, surpassing the previous high of 155,433 units set in 2002. With [...]
SEOUL, Dec. 21 (Korea Bizwire) – On December 14, as South Korea’s National Assembly voted on the impeachment of President Yoon Suk-yeol, two distinct protests unfolded in Seoul, revealing stark generational and cultural divides. According to Seoul’s public life population data analyzed by Yonhap News, young women in their 20s dominated the pro-impeachment protest in Yeouido, [...]
SEOUL, Dec. 17 (Korea Bizwire) – A recent study by Woori Financial Group reveals that nearly 60% of South Korea’s Generation X—those born in the 1970s—have not begun preparing for retirement. The findings, published in Woori’s 2024 Trend Report, highlight the financial challenges faced by this generation, many of whom are burdened with supporting both [...]
SEOUL, Dec. 17 (Korea Bizwire) – A new analysis of social media data reveals that South Korean consumers are increasingly adopting cost-conscious spending habits, focusing on low-priced and small-packaged products. This shift reflects a growing emphasis on economic efficiency in response to prolonged inflation. Rising Concerns About Inflation According to KPR Digital Communication Research Institute, [...]