SEOUL, Aug. 23 (Korea Bizwire) — About one-third of households in South Korea with members in their 30s and 40s, along with children, purchased their initial home before marriage, a government think tank said Tuesday. The Korea Research Institute for Human Settlements conducted a survey involving 3,042 households whose members fall within the age range [...]
SEOUL, Aug. 22 (Korea Bizwire) — With the relentless summer heat persisting, there has been a rapid surge in the number of people frequenting indoor shopping venues. During the period from Aug. 1 to 15, Hyundai Department Store observed a 13 percent increase in sales across its 16 stores nationwide compared to the previous year. [...]
SEOUL, Aug. 17 (Korea Bizwire) — A range of new plant-based bread products from Shinsegae Food Inc., a food business arm of retail giant Shinsegae Group, are receiving a positive market response. According to the company, the Better Meat Pizza Bread, which was launched at bakery sections within E-Mart Inc. outlets last month, is averaging sales of [...]
SEOUL, Aug. 16 (Korea Bizwire) — As the demand for plant-based milk alternatives continues to surge within the food industry, there’s news that even the Coca Cola Beverage Co. is poised to make its entry into this market. The realm of alternative milk, crafted from plant-based ingredients such as oats, is witnessing heightened attention from [...]
SEOUL, Aug. 14 (Korea Bizwire) — The sandy areas within the parks along the Han River are poised to transform into beach-like vacation spots, affording visitors the chance to enjoy the refreshing breeze and scenic landscapes while finding relief from the oppressive tropical nights. The Seoul Metropolitan Government said Sunday it will establish “beach & [...]
SEOUL, Aug. 14 (Korea Bizwire) — Samsung Electronics Co. partnered with Dolby Laboratories Inc., a U.S.-based audio and imaging technology giant, to establish a pop-up store at AK Plaza department store in Suwon, Gyeonggi Province. Visitors can experience Samsung’s Neo QLED 8 and the Q990C Premium Soundbar, which incorporates Dolby Atmos 3D surround sound technology, [...]
SEOUL, Aug. 11 (Korea Bizwire) – Cost-effective large drinks are gaining popularity in South Korea as high inflation places a burden on consumers. Last month, Starbucks Korea introduced the Trenta size (887 milliliters) beverages, and their cumulative sales surpassed 400,000 units within just 15 days. The Trenta size is about 1.5 times bigger than the [...]
SEOUL, Aug. 9 (Korea Bizwire) — Nine out of 10 young smartphone users in their teens and 20s opted for an Android phone as their initial smartphone, but over half of them eventually transitioned to iPhone smartphones. According to the report by industry tracker Counterpoint Research, about 85 percent of Korean smartphone users under the [...]
SEOUL, Aug. 8 (Korea Bizwire) — Preferences for international travel have evolved since 2019, prior to the COVID-19 pandemic and during the first half of the current year. According to data by the Ministry of Land, Infrastructure and Transport, some 1.71 million individuals embarked on the Incheon-Osaka (Kansai) route between January and June, establishing it [...]
SEOUL, Aug. 8 (Korea Bizwire) — The preference for larger TVs is gaining momentum amid the slowdown of the global TV market, prompting the display industry to anticipate a surge in demand for bigger screens. The average size of OLED TV panel shipments will increase from 58.8 inches last year to 60.2 inches this year, [...]