SEOUL, May 5 (Korea Bizwire) — Online shopping has become the dominant channel for purchasing home appliances in South Korea, outpacing all other major product categories in digital penetration, according to newly released government data. Figures from Statistics Korea’s national portal show that online transactions accounted for 53.7% of total retail sales in the home appliance [...]
SEOUL, May 6 (Korea Bizwire) — South Korea’s retail sector is undergoing a transformation, with department stores, convenience chains, e-commerce platforms, and home shopping networks all doubling down on health supplements as a key growth driver in the post-pandemic era. Spurred by the rise of the “Healthy Pleasure” lifestyle — where consumers actively enjoy health management [...]
SEOUL, May 6 (Korea Bizwire) — Despite persistent inflation and slowing economic growth, a growing segment of affluent older South Koreans is defying conventional spending patterns, embracing digital platforms and youth-driven consumer trends, a new study reveals. According to data released Monday by Shinhan Card’s Big Data Research Center, the top 20 percent of credit card [...]
SEOUL, May 6 (Korea Bizwire) — South Korea’s home-sharing market, led by platforms like Airbnb, has surged more than twentyfold in just three years, with young adults emerging as the dominant force behind its rapid expansion. According to newly released data submitted by the National Tax Service to Rep. Park Sung-hoon of the National Assembly’s Strategy [...]
SEOUL, May 5 (Korea Bizwire) — Two disability rights activists affiliated with the Solidarity Against Disability Discrimination (SADD) underwent a pretrial detention hearing on Monday after staging a 15-day rooftop protest atop a Catholic cathedral in Seoul’s Hyehwa-dong neighborhood. They were arrested earlier this month on charges of violating assembly laws after descending voluntarily from the [...]
SEOUL, May 5 (Korea Bizwire) — LG Electronics is seeing rapid growth in its home-focused lifestyle community “Life.zip,” with membership more than doubling in the past two months to surpass 560,000 users, according to industry data released Sunday. If current momentum holds, the platform is expected to reach one million members by the end of 2025. [...]
SEOUL, May 5 (Korea Bizwire) — Global shipments of premium liquid crystal display televisions equipped with mini LED technology are projected to reach an all-time high this year, driven by aggressive expansion and innovation from Chinese manufacturers, according to market research firm TrendForce. The firm estimates that 11.56 million mini LED TVs will be shipped in [...]
SEOUL, May 5 (Korea Bizwire) — South Korean investors are turning their attention from traditional tech giants to artificial intelligence (AI) leaders, with U.S.-based software firm Palantir Technologies now surpassing Apple in Korean-held investment value. According to data released by the Korea Securities Depository, as of April 30, domestic investors held $4.26 billion (approximately 6 trillion [...]
SEOUL, May 5 (Korea Bizwire) — The Seoul Metropolitan Government is reviewing a proposal to lower the upper age limit for women eligible for its egg freezing subsidy program from 49 to 45, amid growing concerns over the program’s effectiveness in older age groups. The move follows a recommendation by the Seoul Metropolitan Audit Committee, which [...]
SEOUL, May 5 (Korea Bizwire) — As global competition heats up in the pharmaceutical and biotech sectors, major players in South Korea and abroad are accelerating efforts to expand the therapeutic indications of existing drugs—a strategy aimed at maximizing product value and securing wider market share. According to industry sources on May 4, Korea Novo Nordisk [...]