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Archive by category Statistics

Korean Teens Excel Academically but Lag in Peer Relationships and Autonomy, OECD Study Finds

SEOUL, May 6 (Korea Bizwire) — South Korea’s middle school students continue to rank among the world’s top performers in academic achievement, but their personal development — particularly in peer relationships, emotional resilience, and autonomy — lags significantly behind, according to a new international study. The Korea Educational Development Institute (KEDI) recently released a comparative analysis [...]

Home Appliances Lead South Korea’s E-Commerce Boom as Online Shopping Gains Ground

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 [...]

Affluent Korean Seniors Defy Economic Slump With Youth-Oriented Spending Surge

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 [...]

S. Korea’s Construction Production Dips by Most in Over 26 Years in Q1

SEOUL, May 5 (Korea Bizwire) — South Korea’s production in the construction sector declined by the most in more than 26 years in the first quarter amid industry slumps and political uncertainty caused by former President Yoon Suk Yeol’s martial law bid, data showed Monday. The value of construction completed, a measure of production in [...]

Child Mental Health Cases in Korea Double Over Four Years, Sparking Concern Among Experts

SEOUL, May 5 (Korea Bizwire) — The number of children in South Korea seeking outpatient psychiatric treatment has more than doubled over the past four years, with sharp increases observed particularly among elementary school-aged children, according to newly released government data. Figures from the Health Insurance Review and Assessment Service, submitted to Rep. Jin Sun-mi of [...]

Chanel Tops List of Most Counterfeited Brands Online in South Korea Over Five-Year Period

SEOUL, May 3 (Korea Bizwire) — Chanel has emerged as the most frequently counterfeited brand online in South Korea over the past five years, according to new government data that highlights the growing challenge of policing illicit e-commerce activity involving luxury goods. A report submitted by Rep. Oh Se-hee of the Democratic Party, a member of [...]

GM Korea’s April Sales Fall 6.3 Pct on Weaker Demand

SEOUL, May 2 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Friday its sales fell 6.3 percent in April from a year earlier on lower demand for its models. The company sold 41,644 vehicles last month, down from 44,426 units in the same period last year, the company [...]

Seoul Shares End Higher on Tech, Shipbuilding Gains

SEOUL, May 2 (Korea Bizwire) — Seoul shares ended higher Friday, led by gains in tech and shipbuilding stocks, although investors remained cautious about the impact of shifting U.S. tariffs on major companies’ earnings. The Korean won rose sharply against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 3.18 points, or [...]

Diabetes Doubles Among Young Adults, Fueling Urgent Health Warnings

SEOUL, May 2 (Korea Bizwire) —Type 2 diabetes is rapidly spreading among South Korea’s young adults, with prevalence rates nearly doubling over the past decade, according to a new study published in the Diabetes & Metabolism Journal, the official publication of the Korean Diabetes Association. The research, which analyzed data from 2010 to 2020, found [...]

Ghibli-Style AI Images Go Viral in Korea, But Generational Gaps Emerge

SEOUL, May 2 (Korea Bizwire) —A recent surge in the popularity of Ghibli-style AI-generated images has brought to light generational differences in how South Koreans engage with generative AI tools, according to a new report by the Korea Press Foundation released Thursday. The report, published in the latest edition of Media Survey, analyzed responses from [...]