SEOUL, March 9 (Korea Bizwire) — As the economic downturn persists, South Korea’s luxury market is witnessing a shift in consumer spending habits, with high-end cosmetics sales outpacing those of expensive fashion items like designer handbags and apparel. According to the retail industry on Sunday, luxury beauty brands such as Prada, Hermès, and Givenchy saw their [...]
SEOUL, March 8 (Korea Bizwire) — A growing wave of media attention is focusing on ‘Daechi Moms,’ a term referring to ambitious South Korean parents who dedicate their lives to their children’s elite education. From viral YouTube skits to TV documentaries and drama series, these mothers—often depicted wearing luxury fashion while micromanaging their children’s academic [...]
SEOUL, March 8 (Korea Bizwire) — As concerns grow over potential U.S. auto tariffs under Donald Trump’s administration, executives and union leaders from GM Korea are set to visit General Motors’ headquarters in the United States to discuss the company’s future operations. According to the GM Korea chapter of the Korean Metal Workers’ Union (KMWU), representatives from both [...]
SEOUL, March 7 (Korea Bizwire) — A heated debate has erupted over South Korean discount retailer Daiso’s sale of low-cost health supplements, as pharmacists oppose the move while consumer groups argue it infringes on consumer rights. The Korea Consumer Organizations Council issued a statement on March 7 condemning the pharmacist associations’ objections, stating, “Health supplements are [...]
SEOUL, March 7 (Korea Bizwire) — A new government survey has revealed the stark economic reality faced by artists in South Korea, with average annual earnings from artistic activities amounting to just 10.55 million won, highlighting the urgent need for more stable income structures in the arts sector. According to the “2024 Survey on Artists’ Status” [...]
SEOUL, March 7 (Korea Bizwire) — The Seoul Metropolitan Government announced on March 6 that it will become the first city in South Korea to provide maternity leave benefits to single-person business owners and freelancers, with applications opening March 11. The groundbreaking initiative is part of the city’s “Birth Support Seoul Project,” aimed at addressing the [...]
SEOUL, March 6 (Korea Bizwire) — Hyundai’s Santa Fe has been crowned the ‘Best Car’ at the 2025 Women’s World Car of the Year (WWCOTY) awards, the company announced on March 6. The WWCOTY awards are judged by an all-female panel of 82 automotive journalists from 55 countries across five continents. Vehicles are evaluated based on [...]
SEOUL, March 6 (Korea Bizwire) — A majority of Seoul residents support raising the minimum age for senior citizens’ free subway rides from the current 65 years, with most favoring 70 as the new threshold, according to a survey released on March 5. The findings were presented at a public forum on elderly transportation benefits hosted [...]
SEOUL, March 6 (Korea Bizwire) — Kangwon Land, the only casino in South Korea where domestic citizens can legally gamble, has launched a groundbreaking responsible gaming program aimed at promoting healthier gambling habits among its patrons. The casino operator announced on March 5 that it has fully implemented its K-GREEN system, which had been in trial [...]
SEOUL, March 6 (Korea Bizwire) — The number of South Koreans who said they felt anxiety and feelings of depression increased last year, while perceptions of happiness differed by income group, a survey result showed Thursday. The respondents who said they felt anxiety recorded 4.1 out of 10 points last year, compared with 3.4 points [...]