SEOUL, June 12 (Korea Bizwire) — South Korea’s tobacco market is undergoing a seismic shift, with traditional cigarettes giving way to e-cigarettes and flavored tobacco products that promise less smoke and odor — but are raising fresh public health concerns. A government-commissioned report released Thursday by the Korean Society for Smoking Cessation, titled “2024 In-Depth [...]
Seoul, June 10 (Korea Bizwire) — Foreign investors have poured nearly 4 trillion won into South Korea’s stock markets so far this month, igniting fresh optimism that the benchmark KOSPI index could break through the symbolic 3,000-point barrier in the coming weeks. According to financial data provider Yonhap Infomax, foreign investors have recorded net purchases of [...]
SEOUL, June 10 (Korea Bizwire) — South Korean consumers ranked the dawn delivery market as the most consumer-friendly, while wedding services received the lowest score in a nationwide survey released Tuesday by the Korea Consumer Agency. The findings are part of the agency’s “2024 Consumer Market Evaluation Index,” which assesses how consumer-oriented various markets are [...]
SEOUL, June 10 (Korea Bizwire) — A growing number of South Korean consumers are purchasing eco-friendly agricultural products, but high prices continue to hinder broader adoption, according to a government survey released Monday. The Ministry of Agriculture, Food and Rural Affairs reported that 76.8% of respondents said they had purchased eco-friendly produce at least once in [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s residential system air conditioner market is experiencing robust growth, driven by rising consumer demand for efficient space cooling and stylish home interiors, as well as a boom in home remodeling. According to industry data released on June 8, more than 80% of households moving into new apartments [...]
SEOUL, June 8 (Korea Bizwire) — South Korea’s compact car market, once buoyed by economic downturns, is now facing a dramatic collapse, with annual sales expected to fall below 70,000 units for the first time in over a decade. According to data released June 8 by market tracker CarIsYou Data Research Institute, mini car registrations [...]
SEOUL, June 8 (Korea Bizwire) — For the first time in years, Seoul has recorded a sustained increase in both births and marriages, signaling a potential turning point in the city’s demographic challenges. According to data released on June 8 by Statistics Korea and the Seoul Metropolitan Government, the number of births in March 2025 reached [...]
SEOUL, June 6 (Korea Bizwire) — South Korean brokerage stocks are soaring on renewed optimism over the new administration’s stock market revitalization agenda, fueling a dramatic uptick in leveraged retail investing. But analysts warn that selective, fundamentals-based investment is now essential as market differentiation is expected to intensify. According to data compiled by Yonhap Infomax, credit-based [...]
SEOUL, June 6 (Korea Bizwire) — Samsung Electronics reported on Thursday that usage of its AI-powered “Photo Assist” feature has more than doubled compared to last year, driven largely by the growing popularity of social media content creation among users in their teens and 30s. The data, drawn from Galaxy devices over the past three [...]
SEOUL, June 5 (Korea Bizwire) — South Koreans spent a staggering ₩82.9 trillion (approximately $61 billion) on fashion products over the past year, with casual wear topping the list and consumers in their 50s emerging as the most active spenders, according to a nationwide survey released Wednesday. The Korea Federation of Textile Industries reported that [...]