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South Koreans Biggest per Capita Consumers of Seafood

South Koreans Biggest per Capita Consumers of Seafood

SEOUL, Jul. 13 (Korea Bizwire) — South Korea’s yearly per capita consumption of seafood has reached nearly 60 kilograms, making the nation one of the world’s largest consumers of natural sea products, ahead of Norway and Japan. These numbers were reiterated by the Norwegian Seafood Council at a press conference held yesterday in central Seoul. [...]

Minimum Wage Hike a Net Positive for Low Income Earners: Study

Minimum Wage Hike a Net Positive for Low Income Earners: Study

SEOUL, Jul. 12 (Korea Bizwire) — A new study has found that among young South Koreans earning less than 2 million won per month, few experienced a salary decrease following the increase in the minimum wage. The activist group “Youth Community Union” announced the results today after surveying 255 individuals between 19 and 39 years [...]

Non-German Foreign Carmakers Post Strong Performances for 2017 in S. Korea

Non-German Foreign Carmakers Post Strong Performances for 2017 in S. Korea

SEOUL, Jul. 12 (Korea Bizwire) — Non-German foreign carmakers, such as Toyota Motor Corp. and Jaguar Land Rover, did well in South Korea in the past fiscal year, posting sales of over 1 trillion won (US$887 million) each, the companies said Thursday. In the 2017 fiscal year, which ended in March, Toyota Motor reported sales [...]

South Koreans Rank Last on Well-Being Survey

South Koreans Rank Last on Well-Being Survey

SEOUL, Jul. 11 (Korea Bizwire) – A new study by Cigna Corporation, the parent company of LINA Korea, the first foreign provider of life insurance in Korea, showed that the perception of health and quality of life by South Koreans worsened compared to last year, resulting in the lowest levels of perceived well-being amongst all [...]

Ginseng Consumption Fosters Cognitive Abilities in Senior Citizens: Study

Ginseng Consumption Fosters Cognitive Abilities in Senior Citizens: Study

SEOUL, Jul. 11 (Korea Bizwire) — A new study has found that people who consume ginseng on a regular basis have better cognitive abilities than those who do not. A medical research team at the Seoul National Unversity Bundang Hospital led by Prof. Kim Gi-ung revealed yesterday that the team had observed 6,422 senior citizens [...]

Eating at Home Up After Start of Shortened Workweek

Eating at Home Up After Start of Shortened Workweek

SEOUL, Jul. 11 (Korea Bizwire) — Sales of coupons that can be used at restaurants have declined, newly released data showed Wednesday, a sign that South Koreans are eating more meals at home following the implementation of a shortened workweek. The data compiled by G-Market, a big online shopping platform, showed that sales of e-coupons [...]

Shoppers Turn to the Internet for Food Products

Shoppers Turn to the Internet for Food Products

SEOUL, Jul. 6 (Korea Bizwire) — An increasing number of South Korean consumers are rushing to online stores to buy fresh food products that have traditionally been purchased at large supermarkets or hypermarkets. According to mobile e-commerce company Ticket Monster, the company’s online “supermarket” that sells daily necessities via the Internet revealed today that fresh [...]