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Heatwave and Monsoon Drive Shoppers Indoors, Boosting Department Store Sales and ‘Mallcation’ Trend

Heatwave and Monsoon Drive Shoppers Indoors, Boosting Department Store Sales and ‘Mallcation’ Trend

SEOUL, July 22 (Korea Bizwire) — As record-breaking heat and monsoon rains sweep across South Korea this month, a growing number of consumers are opting to spend their leisure time indoors — fueling a retail phenomenon known as “mallcations” and delivering a significant sales boost to department stores and outlet malls. According to major retailers, [...]

Netflix Forecasts Record $45.2 Billion Revenue as Korean Content Surges Globally

Netflix Forecasts Record $45.2 Billion Revenue as Korean Content Surges Globally

SEOUL, July 18 (Korea Bizwire) — Netflix is poised to generate up to 62.9 trillion won ($45.2 billion) in revenue this year—more than triple the total revenue of South Korea’s entire broadcasting industry in 2023, which stood at 18.8 trillion won. The surge reflects the platform’s accelerating global dominance and the rising popularity of Korean [...]

Led By ‘Squid Game,’ Korean Series Shine In Netflix’s Mid-Year Report

Led By ‘Squid Game,’ Korean Series Shine In Netflix’s Mid-Year Report

SEOUL, July 18 (Korea Bizwire) – The second and final seasons of the global hit “Squid Game” posted massive viewership numbers on Netflix during the first six months of the year, a report showed Friday. According to the streaming giant’s Engagement Report, the entire “Squid Game” franchise drew 231 million views in the first half. [...]

Tving Launches Interactive ‘Watch Together’ Feature to Boost Real-Time Social Viewing

Tving Launches Interactive ‘Watch Together’ Feature to Boost Real-Time Social Viewing

SEOUL, July 18 (Korea Bizwire)  — South Korean streaming platform Tving announced Wednesday that it will launch a new interactive viewing service called “Watch Together” on July 19, allowing users to watch content simultaneously while engaging in real-time chat with special hosts and fellow viewers. The new feature aims to tap into the growing demand [...]

Poor Planning at Canceled Open-Water Swim Event in Samcheok Sparks Outrage

Poor Planning at Canceled Open-Water Swim Event in Samcheok Sparks Outrage

SAMCHEOK, July 17 (Korea Bizwire) – A national open-water swimming competition in Samcheok, South Korea, ended in chaos and controversy after it was abruptly canceled on the day of the event, leaving hundreds of participants furious over poor communication, lack of contingency planning, and a refusal to issue refunds. The 14th Samcheok Isabu General National [...]