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Fashion Industry Embraces Short-Form Video Content to Drive Sales

Fashion Industry Embraces Short-Form Video Content to Drive Sales

SEOUL, Feb. 3 (Korea Bizwire) — Fashion and apparel companies are increasingly leveraging short-form videos to tell brand stories and boost marketing efforts, industry sources reported on February 2. Major fashion brands and platforms are expanding their YouTube presence and video content offerings on their platforms, responding to the preferences of their primary customer base – [...]

Japanese Mahjong Gains Popularity Among South Korea’s Young Adults

Japanese Mahjong Gains Popularity Among South Korea’s Young Adults

SEOUL, Feb. 2 (Korea Bizwire) — Japanese-style mahjong, known as Riichi mahjong, is experiencing a surge in popularity among South Korean millennials and Gen Z, both online and offline. Once overshadowed by traditional Korean card games, Riichi mahjong is now drawing significant interest, fueled by online gaming platforms, manga culture, and social gaming trends. Online Riichi [...]

South Koreans Favor Strengthening Inheritance Tax, Survey Finds

South Koreans Favor Strengthening Inheritance Tax, Survey Finds

SEOUL, Feb. 1 (Korea Bizwire) —  A recent survey indicates that a majority of South Koreans support increasing inheritance tax rates, contradicting calls from business groups and conservatives to ease the tax burden. According to the Korea Institute of Public Finance (KIPF), data from the 16th Fiscal Panel Survey revealed that respondents favored a 5% tax [...]

Aging Population Spurs ‘Grand Generation’ Market Boom

Aging Population Spurs ‘Grand Generation’ Market Boom

SEOUL, Jan. 30 (Korea Bizwire) —  As South Korea approaches the milestone of 10 million senior citizens aged 65 and older, businesses are being urged to tap into the rising purchasing power of this demographic, according to a new report from the Korea Chamber of Commerce and Industry (KCCI). The report, titled ‘GG Market Strategy Report,’ [...]

South Korea’s Rental Market Sees Record Shift Toward Monthly Leases

South Korea’s Rental Market Sees Record Shift Toward Monthly Leases

SEOUL, Jan. 30 (Korea Bizwire) —  The share of monthly rental contracts in South Korea’s housing market reached a record high in 2024, nearing 60% of all lease agreements, as rising interest rates and concerns over rental fraud (in particular jeonse frauds) accelerated the transition away from traditional lump-sum deposits. According to data from the Supreme [...]

K-Fashion and K-Beauty Surge in Japan, Riding Wave of Korean Pop Culture

K-Fashion and K-Beauty Surge in Japan, Riding Wave of Korean Pop Culture

SEOUL, Jan. 29 (Korea Bizwire) —  South Korea’s fashion and beauty industries are gaining significant traction in Japan, driven by the global popularity of K-pop and Korean dramas. Industry players are leveraging this momentum with targeted efforts to expand their presence in the Japanese market. Leading the charge, companies like Musinsa, CJ Olive Young, and department [...]

South Korea’s Coffee Imports Near 2 Trillion Won Amid Rising Demand and Global Price Hikes

South Korea’s Coffee Imports Near 2 Trillion Won Amid Rising Demand and Global Price Hikes

SEOUL, Jan. 28 (Korea Bizwire) — South Korea’s coffee imports reached a record high of nearly 2 trillion won ($1.38 billion USD) in 2024, reflecting an 11% increase from the previous year, according to data from the Korea Agro-Fisheries & Food Trade Corporation. The country imported 215,838 tons of coffee, including green beans, roasted beans, concentrates, [...]

Coffee and Walnut Pastries Dominate Holiday Snack Sales at South Korea’s Highway Rest Stops

Coffee and Walnut Pastries Dominate Holiday Snack Sales at South Korea’s Highway Rest Stops

SEOUL, Jan. 28 (Korea Bizwire) —  As South Koreans hit the road for holiday travel, highway rest stops become essential destinations for refueling and grabbing snacks. During last year’s Chuseok holiday (September 14-18, 2024), the most popular item sold at rest stops nationwide was the Americano, generating 2.27 billion won ($1.57 million USD) in sales, according [...]

Traveling With Pets Takes Off: Pet Air Travel Doubles in Four Years

Traveling With Pets Takes Off: Pet Air Travel Doubles in Four Years

SEOUL, Jan. 28 (Korea Bizwire) —  The number of pets traveling on Korean Air flights has more than doubled over the past four years, reflecting the growing demand for pet-friendly travel. According to Korean Air, the total number of applications for pet transport—both as in-cabin companions and as checked baggage—reached 57,595 in 2024, a 12.6% increase [...]

Investors Flock to U.S. Stock Funds Amid Optimism Over ‘America First’ Policies

Investors Flock to U.S. Stock Funds Amid Optimism Over ‘America First’ Policies

SEOUL, Jan. 28 (Korea Bizwire) — Investors are pouring a large amount of money into funds that invest in U.S. stocks on hopes that President Donald Trump’s “America First” policy would help further boost the U.S. stock market, data showed Tuesday. According to the data from market tracker FnGuide, 167 funds that invest in U.S. [...]