SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s art market is expected to close 2025 still mired in a prolonged slump, as weak consumer sentiment continues to weigh on galleries and art fairs, according to a new industry survey. A year-end report released by the Arts Management Support Center found that nearly half of art market [...]
SEOUL, Dec. 29 (Korea Bizwire) — As South Korea’s prolonged low birth rate reshapes consumer demand, yogurt has emerged as an unexpected sales driver at major retailers, while milk — once a staple — continues to lose ground. According to data released Sunday by the retail industry, Emart, the country’s largest discount chain, ranked milk ninth [...]
SEOUL, Dec. 29 (Korea Bizwire) — Nearly one in three South Korean workers say they cannot freely use their paid annual leave, according to a new survey by a civic advocacy group, highlighting persistent gaps between labor law protections and workplace realities. The findings, released Sunday by Workplace Abuse 119 (Gabjil119), are based on a poll [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Koreans are using less cash in their daily lives than ever before, but are holding on to more of it as a financial buffer, according to a new survey released by the Bank of Korea on Sunday. The central bank’s 2025 comprehensive survey on currency usage found that individuals [...]
SEOUL, Dec. 27 (Korea Bizwire) — The number of foreigners staying in South Korea for 90 days or longer for work or study has exceeded 1.6 million as of November, with about half of them living in the greater Seoul area, data showed Saturday. The figure, which came in at 1.1 million in 2021 and [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Koreans are reporting their highest levels of satisfaction with leisure life in nearly a decade, reflecting a shift toward more meaningful and self-directed use of free time, according to a government survey released on Friday. The Ministry of Culture, Sports and Tourism and the Korea Culture & Tourism [...]
SEOUL, Dec. 26 (Korea Bizwire) — A new social media trend in South Korea that pairs exaggerated claims of poverty with images of conspicuous wealth is drawing growing backlash, as critics argue that the so-called “poverty meme” trivializes real economic hardship in a country marked by widening inequality. The trend, popular on the platform Threads, typically [...]
SEOUL, Dec. 26 (Korea Bizwire) — A significant share of South Korean adolescents who have experienced school violence have also engaged in violence against their parents, according to a new academic study, underscoring concerns that trauma suffered at school can spill over into the home and pointing to the need for family-based interventions. The findings, [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Korea’s arcade industry is seeing a resurgence in spending as venues grow larger and attract an older, more affluent clientele, according to new data from KB Kookmin Card. An analysis of card transactions at about 400 entertainment and leisure merchants nationwide found that average per-person spending at arcades reached [...]
SEOUL, Dec. 24 (Korea Bizwire) — South Korea recorded a 16th consecutive month of year-on-year growth in births in October, but the pace of increase slowed to its weakest level this year, underscoring how fragile the country’s demographic rebound remains. A total of 21,958 babies were born in October, a 2.5 percent increase from a [...]