SEOUL, May 22 (Korea Bizwire) – As economic headwinds stir up demand for safe-haven assets, convenience stores in South Korea are seeing a surge of younger buyers snapping up affordable, bite-sized gold bars, underscoring the appeal of the precious metal as a compact investment during turbulent times. Convenience store operators say sales of card-sized gold bars [...]
SEOUL, May 22 (Korea Bizwire) – The Kia Carnival minivan, once renowned as the quintessential family vehicle for road trips and camping, took the top spot for corporate vehicle registrations in South Korea during the first quarter of 2024. This marks the first time the Carnival has claimed the number one position on a quarterly basis. [...]
SEOUL, May 20 (Korea Bizwire) –As health-conscious consumers grow in numbers, zero-calorie drinks have surpassed 50 percent of carbonated beverage sales at convenience stores in South Korea. GS25, a major convenience store chain, announced on May 21 that from January to April of this year, zero-calorie drinks accounted for 52.3 percent of its total carbonated [...]
DAEGU, May 20 (Korea Bizwire) – As unsold apartments pile up in Daegu, conflicts are intensifying between early buyers who paid premium prices and later buyers who secured units at significant discounts. The situation has reached a boiling point, with existing homeowners blocking apartment complexes to prevent discounted buyers from moving in. Residents of Villiv [...]
SEOUL, May 17 (Korea Bizwire) – Samsung Electronics announced on May 16 that it is introducing a ‘Gift Funding’ campaign to cater to consumers who desire practical gifts for special occasions. Building upon last year’s successful ‘Bespoke Wedding Funding’ initiative targeted at engaged couples, the company has expanded the scope to encompass a broader range of [...]
SEOUL, May 16 (Korea Bizwire) – A young American girl’s emotional unboxing of a birthday gift containing Samyang Foods’ wildly popular Buldak Carbonara Ramen went viral last month, amassing over 100 million views across social media platforms like TikTok. After momentarily losing her words upon revealing the pink packaging of the spicy South Korean instant noodles, [...]
SEOUL, May 15 (Korea Bizwire) – At this year’s Lotus Lantern festival in Seoul, one of South Korea’s most celebrated cultural events and a UNESCO intangible heritage, the highlight came from an unlikely figure: a dancing Buddhist monk moving to thumping electronic dance music beats. Donning colorful robes and a headset gifted by the leader of [...]
SEOUL, May 13 (Korea Bizwire) – On the first floor of Lotte World Mall last month, queues snaked up to the third floor as crowds of students and foreign visitors flocked to a pop-up store event featuring the K-pop group Tomorrow X Together. At a Kiwoom Heroes baseball team pop-up that ran until May 5 at [...]
SEOUL, May 13 (Korea Bizwire) – Within Hyundai Motor Company, there is a growing perception that Audi customers are starting to buy Genesis models, according to industry sources on May 12. This assessment is backed by more than just surface-level sales figures. Some imported car brands, unable to withstand the Genesis onslaught, are downsizing operations in [...]
SEOUL, May 10 (Korea Bizwire) — Foreign investors scooped up Korean stocks in April for the sixth consecutive month on the back of hopes for a recovery in the chipmaking sector, central bank data showed Friday. Offshore investors bought a net US$1.92 billion worth of local stocks last month, following $3.84 billion worth of purchases [...]