SEOUL, Jul. 4 (Korea Bizwire) – A recent survey by the Korea Consumer Agency has found that while South Korean consumers highly appreciate the store environment and payment convenience of their local convenience stores, they are less satisfied with customer communication and promotional events. The agency released its findings on July 3, detailing consumer satisfaction and [...]
SEOUL, Jul. 1 (Korea Bizwire) – South Korean e-commerce platforms appear to be regaining strength after facing intense pressure from Chinese competitors like AliExpress and Temu last year. This resurgence comes as concerns over the safety of low-cost Chinese products have risen, and domestic platforms have launched aggressive promotional campaigns to win back customers. According to [...]
SEOUL, Jul. 1 (Korea Bizwire) – With the summer vacation season approaching, many South Koreans are finding themselves priced out of their usual holiday plans, opting instead for “staycations” or scaled-back trips due to persistent inflation and high interest rates. Lee, a 29-year-old office worker in Seoul who asked to be identified only by their surname, [...]
SEOUL, Jun. 28 (Korea Bizwire) – A recent survey has revealed that a significant portion of South Koreans are opting out of summer vacations, with job hunting and exam preparation cited as the primary reasons. The study, conducted by EduWill, a comprehensive education company, surveyed 197 adults aged 20 to 40 over a seven-day period ending [...]
SEOUL, Jun. 26 (Korea Bizwire) – A recent survey has revealed that 4 out of 10 South Koreans cite cost as the primary reason for hesitating to get dental implants, with most respondents considering 500,000 to 600,000 won per implant as a reasonable price. The Korean Association of Medical Journalists (KAMJ) conducted the survey from May [...]
SEOUL, June 25 (Korea Bizwire) – The number of households that moved from urban areas to farming and fishing villages fell for the second consecutive year in 2023, data showed Tuesday. The number of households moving to farming villages came to 317,464 last year, down 4.4 percent from a year earlier, according to the data [...]
SEOUL, Jun. 25 (Korea Bizwire) – The children’s clothing market in South Korea is experiencing steady growth despite a declining birth rate and shrinking child population, according to recent industry analysis. Data from market research firm Euromonitor reveals that the domestic children’s clothing market was worth 2.45 trillion won in 2023, a 33% increase from 1.84 [...]
SEOUL, Jun. 21 (Korea Bizwire) – South Korean consumers expressed a slightly higher level of satisfaction with their overall consumption experiences in 2023, according to a survey released on June 20 by the Korea Consumer Agency. The survey, which measured perceived satisfaction on a 100-point scale, revealed an overall score of 68.1 points, a 1.1-point increase [...]
SEOUL, Jun. 20 (Korea Bizwire) – As high interest rates and soaring inflation persist, domestic consumption in South Korea has been on a downward trajectory for five consecutive months, according to BC Card. The credit card company reported on June 19 that sales across seven major sectors have declined month-over-month compared to the same period last [...]
SEOUL, Jun. 17 (Korea Bizwire) – A recent study by KT Corporation has revealed that more than half of single-person households in South Korea engage in simultaneous television viewing and mobile device usage, seamlessly combining entertainment with information gathering and online shopping. On June 13, KT announced the findings after analyzing big data from 3 million [...]