SEOUL, Jan. 27 (Korea Bizwire) — Data from the National Police Agency has revealed a significant spike in domestic violence incidents during last year’s Lunar New Year holiday period in South Korea, with reports exceeding typical daily averages by 30%. According to police records obtained by Democratic Party lawmaker Yang Bu-nam, authorities received 3,384 domestic violence [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korea’s LG Electronics and Samsung Electronics reaffirmed their dominance in the U.S. premium appliance market, securing all top spots in Consumer Reports’ 2025 rankings for large-capacity washers. Despite increasing competition from Chinese brands, Korean companies demonstrated superior technology and reliability, solidifying their positions in the world’s largest premium market. [...]
SEOUL, Jan. 27 (Korea Bizwire) — For the first time in history, transactions of Seoul apartments priced above ₩900 million accounted for more than half of the city’s total sales in 2024, reflecting a shift toward high-end properties amid rising home prices and a preference for “one solid investment.” According to the Ministry of Land, [...]
SEOUL, Jan. 27 (Korea Bizwire) — Fifty years after beginning its international development cooperation efforts, the Catholic Church in South Korea has transformed from an aid recipient to a leading donor in Asia, highlighting the nation’s remarkable economic transformation. According to Caritas Korea International, the Church’s international aid efforts began in 1975 with the establishment of [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korea’s e-commerce sector saw a challenging 2024, with economic pressures leading to reduced consumer spending across platforms. Despite these headwinds and competition from Chinese e-commerce players like AliExpress and Temu, Coupang and SSG.com maintained strong customer loyalty, according to data released on January 26 by analytics firm IGAWorks. SSG.com [...]
SEJONG, Jan. 27 (Korea Bizwire) — The average South Korean worker received approximately 10.69 million won in bonuses last year, while the top 0.1% of earners collected bonuses exceeding 620 million won, highlighting significant income disparities in the workforce, according to new government data. Figures released by the National Tax Service and obtained by People Power [...]
SEOUL, Jan. 26 (Korea Bizwire) — The South Korean won experienced its steepest decline in real effective exchange rate (REER) in over two years last December, following political instability that shook financial markets. According to data released by the Bank for International Settlements (BIS) on January 26, South Korea’s REER index stood at 91.03 (2020=100) at [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea’s stock market extended its winning streak last week, buoyed by investor relief over a tempered approach from the second Trump administration, which had raised fears of aggressive trade policies. The KOSPI index climbed 13.25 points (0.52%) to close at 2,536.80, marking its fifth straight weekly gain — a [...]
SUNCHEON, South Korea, January 26 (Korea Bizwire) — On January 26, leading experts from the International Crane Foundation (ICF) visited Suncheon Bay, a celebrated wetland in South Jeolla Province, to experience firsthand the harmonious interplay of nature and human efforts. The group observed flocks of hooded cranes in flight and listened to their calls, lauding [...]
SEOUL, Jan. 25 (Korea Bizwire) — Brandy Melville, a fashion brand known for its “one-size” policy, has ignited intense debate in South Korea following the opening of its first store in Seoul’s Seongdong District. The brand’s exclusive sizing, which caters primarily to petite frames (XS-S), has drawn both fascination and backlash as consumers grapple with its [...]