SEOUL, Dec. 21 (Korea Bizwire) – On December 14, as South Korea’s National Assembly voted on the impeachment of President Yoon Suk-yeol, two distinct protests unfolded in Seoul, revealing stark generational and cultural divides. According to Seoul’s public life population data analyzed by Yonhap News, young women in their 20s dominated the pro-impeachment protest in Yeouido, [...]
SEOUL, Dec. 17 (Korea Bizwire) – A recent study by Woori Financial Group reveals that nearly 60% of South Korea’s Generation X—those born in the 1970s—have not begun preparing for retirement. The findings, published in Woori’s 2024 Trend Report, highlight the financial challenges faced by this generation, many of whom are burdened with supporting both [...]
SEOUL, Dec. 17 (Korea Bizwire) – A new analysis of social media data reveals that South Korean consumers are increasingly adopting cost-conscious spending habits, focusing on low-priced and small-packaged products. This shift reflects a growing emphasis on economic efficiency in response to prolonged inflation. Rising Concerns About Inflation According to KPR Digital Communication Research Institute, [...]
SEOUL, Dec. 17 (Korea Bizwire) – The percentage of South Koreans who play video games has dropped below 60% for the first time in a decade, marking a significant decline from its peak during the COVID-19 pandemic when nearly three-quarters of the population were gaming. According to a new survey released on December 16 by the [...]
SEOUL, Dec. 16 (Korea Bizwire) – As generative AI tools increasingly produce images, videos, and text, a recent study reveals that consumers perceive AI usage negatively in information-driven content such as news. The findings, published in the latest issue of Management Information Systems Research by a team led by Professor Jung Yoon-hyuk of Korea University, highlight [...]
SEOUL, Dec. 16 (Korea Bizwire) –Tesla is poised to claim the second spot in South Korea’s electric passenger car market, overtaking Hyundai Motor (excluding Genesis) for the first time since entering the market in 2017. Despite challenges such as slowing demand for EVs and a sluggish domestic economy, Tesla has achieved a record milestone of [...]
SEOUL, Dec. 13 (Korea Bizwire) – The recent declaration and swift repeal of martial law in South Korea, coupled with political turbulence surrounding President Yoon Suk-yeol, has significantly impacted the entertainment landscape, including the online streaming industry. OTT platforms, typically bustling during the winter peak season, saw a sharp decline in viewer engagement as the nation’s [...]
SEOUL, Dec. 12 (Korea Bizwire) – South Korea’s ongoing political protests have taken an unexpected cultural turn, with young demonstrators incorporating K-pop lightsticks—typically used at concerts—into their gatherings. As crowds chant and wave lightsticks to popular songs, the vibrant displays are transforming the nation’s protest culture. Lightstick Rentals and Sales Skyrocket Secondhand marketplaces like Karrot and [...]
SEOUL, Dec. 12 (Korea Bizwire) –In a seismic shift in South Korea’s corporate desirability rankings, SK Hynix has claimed the top spot as the most coveted workplace for 2024, according to a report released by leading recruitment platform Catch. The semiconductor giant leaped from 4th place last year, overtaking long-time favorite Samsung Electronics, which fell [...]
SEOUL, Dec. 11 (Korea Bizwire) – The resale value of South Korean presidential memorabilia has seen a notable decline following the December 3 imposition of martial law, reflecting shifting public sentiment. According to industry sources, a “Classic” model of President Yoon Suk Yeol’s commemorative wristwatch was sold for ₩80,000 (approximately $56) on December 7 through a [...]