SEOUL, Feb. 16 (Korea Bizwire) – A recent study conducted by Samsung Electronics highlights the significant amount of time Europeans spend contemplating household tasks, amounting to approximately 86% of the actual time dedicated to performing these chores. The survey, which involved 6,066 participants from countries including the U.K., France, Germany, Spain, Italy, and Poland, revealed that [...]
SEOUL, Feb. 15 (Korea Bizwire) – The number of teenagers caught for drug-related charges in Seoul spiked to 235 last year from 48 a year earlier, police data showed Thursday. The Seoul Metropolitan Police Agency released the data during a seminar held jointly with the Korean Association Against Drug Abuse to discuss ways to respond [...]
SEOUL, Feb. 15 (Korea Bizwire) — The Seoul government and five major banks here plan to provide nearly 76 trillion won (US$56.9 billion) this year to help local businesses invest in new advanced technologies and lower their financial burdens, the financial regulator said Thursday. The move comes amid high interest rates that have placed additional [...]
SEOUL, Feb. 15 (Korea Bizwire) – As the appeal of car insurance comparison and recommendation services wanes, industry insiders are turning their gaze towards pet insurance as the next promising market. Amid the growing trend of value-seeking consumers in a high-cost economy, pet insurance is emerging as a new focal point for financial tech services. Notably, [...]
BUSAN, Feb. 13 (Korea Bizwire) – Shinsegae Centum City has announced a gradual expansion of its vegan cosmetics line, signaling a shift towards more environmentally friendly and ethical consumer choices. The department store recently inaugurated an Hourglass store on February 1, adding to its growing list of eco-friendly and vegan brands such as Dear Dahlia, Urban [...]
SEOUL, Feb. 12 (Korea Bizwire) – Twenty-year-olds spend much more time on social media now than the same age group a decade ago, whereas their monthly reading time declined, a report showed Monday. The Korean Educational Development Institute surveyed 5,705 people who turned 20 in 2021, and about 23 percent of them said they use [...]
SEOUL, Feb. 12 (Korea Bizwire) –Amidst strong performance in the technology sector that has propelled the U.S. stock market to new heights, Microsoft has emerged as the most popular overseas stock gifted by South Korean investors since the beginning of this year. According to an analysis by KB Securities, Microsoft topped the list of most [...]
SEOUL, Feb. 11 (Korea Bizwire) –In response to a noticeable disinterest in public sector jobs among younger South Koreans, commonly referred to as the MZ generation, the Seoul Metropolitan Government has unveiled plans to enhance welfare benefits to prevent early-career civil servant turnover and attract talented individuals. The initiative aims to create an environment where [...]
SEOUL, Feb. 11 (Korea Bizwire) – Despite a general tightening of consumer spending due to a nation-wide economic slowdown, outlet stores are ramping up their VIP marketing efforts to draw in big spenders. Unlike department stores where achieving the highest VIP status can require annual spending of over 150 million won, outlets offer VIP tiers [...]
SEOUL, Feb. 11 (Korea Bizwire) –The pharmaceutical sector is making a strategic shift towards character marketing, breaking away from its traditionally rigid image to appeal to a broader demographic, including the younger generation. Historically, character marketing in the pharmaceutical industry was primarily limited to children’s medications. However, recent trends indicate an expansion towards engaging younger [...]