BUSAN, Aug. 2 (Korea Bizwire) – The South Korean port city of Busan is experiencing an ongoing population drain, particularly among its younger residents, according to recent government statistics. Data released on August 1 by the Dongnam Regional Statistics Office reveals that Busan saw a net outflow of 3,742 residents in the second quarter of this year. [...]
SEOUL, Jul. 31 (Korea Bizwire) – A recent report by CJ ENM’s digital marketing firm MezzoMedia reveals a growing trend among South Korean consumers: maximizing value from limited time across shopping, gaming, and content consumption. The 2024 Consumer Trends Series report, released on July 29, highlights consumers’ increasing preference for products and services that minimize wasted [...]
SEOUL, July 30 (Korea Bizwire) – The number of senior citizens engaged in economic activities reached an all-time high this year, data showed Tuesday. Of the country’s 15.98 million people aged 55-79, 60.6 percent were economically active as of May, up 0.4 percentage point from a year earlier, according to the data compiled by Statistics [...]
SEOUL, Jul. 30 (Korea Bizwire) – A recent analysis by World Vision, an international aid and development organization, has shed light on the primary concerns of children in South Korea. The study, released on July 29, found that issues related to cognitive and emotional well-being, including low self-esteem, are at the forefront of children’s worries. The [...]
SEOUL, Jul. 29 (Korea Bizwire) – A recent study has confirmed that smartphone addiction can be transmitted from parents to their children. The research revealed that when parents exhibit high smartphone dependence, nearly 80% of their children also show signs of excessive smartphone use, leading to disruptions in daily life or anxiety when separated from their [...]
JEJU, Jul. 26 (Korea Bizwire) – A new study reveals that nearly three-quarters of women in their 20s and 30s on South Korea’s Jeju Island view lifelong singlehood positively, highlighting shifting attitudes towards marriage among the younger generation. The research, conducted by a group of Jeju Provincial Council members called “Happy Youth in Jeju,” surveyed 418 [...]
SEOUL, July 25 (Korea Bizwire) – Chinese e-commerce platform Temu has reported that essential household items topped the list of most purchased products in its first year of operations in South Korea, according to a survey released on July 25. The study, conducted by Korea Gallup Research Institute on behalf of Temu, polled 1,026 adults aged [...]
DAEJEON, Jul. 24 (Korea Bizwire) – A new study has revealed that “night owls” who wake up later in the day exhibit higher cognitive abilities than their “early bird” counterparts who rise at dawn. The research, conducted jointly by a team from the Korea Institute of Oriental Medicine (KIOM) and Imperial College London, analyzed the relationship [...]
SEOUL, Jul. 23 (Korea Bizwire) – A recent survey has revealed that more than half of foreign-invested companies in South Korea perceive the country’s overall labor market as inflexible, potentially impacting future investment decisions. The Federation of Korean Industries (FKI) conducted a survey from April 2 to 12 through Mono Research, targeting 538 foreign-invested manufacturing companies [...]
SEOUL, July 20(Korea Bizwire) – The number of international passengers traveling via Incheon International Airport has leaped nearly 40 percent in the first half of 2024 from a year earlier, the airport’s operator said Friday. A total of around 34 million passengers traveled on international flights at Incheon International Airport in the first half, up [...]