SEOUL, Dec. 3 (Korea Bizwire) – Single-person households in South Korea have reduced spending due mainly to high housing expenses and a tough job market situation, affecting the recovery of private consumption, a central bank report showed Tuesday. The proportion of one-person households out of the country’s total has been on a constant increase from [...]
SEOUL, Dec. 2 (Korea Bizwire) – Daangn, a South Korean hyperlocal platform, is seeing unexpected success with its new “Bungeoppang Map,” a user-driven feature that helps people locate street vendors selling bungeoppang, a beloved fish-shaped winter pastry filled with sweet red bean paste. The map, launched on November 20 as a seasonal offering, has sparked a [...]
SEOUL, Dec. 2 (Korea Bizwire) – Despite persistent inflation, South Korea’s fragrance market is booming, with niche luxury perfumes gaining prominence. International brands like Jo Malone, Diptyque, and Byredo are leading the charge, capturing significant consumer interest and driving growth in the high-end cosmetics sector. According to industry data, niche perfume sales through Shinsegae International’s [...]
SEOUL, Dec. 2 (Korea Bizwire) – Spending on clothing and footwear in South Korea has dropped to its lowest share of consumer expenditures, as domestic demand remains weak and unseasonably warm weather curbs the need for fall apparel. Data from Statistics Korea shows that in the third quarter of 2024, average monthly consumer spending per [...]
SEOUL, Dec. 1 (Korea Bizwire) – As AI-integrated appliances cement their position as the mainstream in South Korea’s home electronics market, LG Electronics has emerged as the leader in customer satisfaction, according to a recent report. A study by corporate data research firm CEO Score, released Sunday, analyzed the top 100 products in five major appliance [...]
SEOUL, Nov. 29 (Korea Bizwire) — One in three South Korean consumers has experienced issues while shopping online, a government survey showed Friday, underscoring the need for improved consumer protection from e-commerce operators. The survey, conducted on 2,000 local consumers, showed that 29.4 percent of the people shopping on local e-commerce platforms and 28.3 percent [...]
SEOUL, Nov. 27 (Korea Bizwire) – Swedish automaker Volvo’s flagship “90 Cluster” series—comprising the XC90, S90, and V90 Cross Country—continues to enjoy steady popularity in South Korea, driven by its reputation for advanced safety features and innovative technology. According to Volvo Cars Korea, the 90 Cluster accounted for 26% of the 12,284 Volvo vehicles sold in [...]
SEOUL, Nov. 26 (Korea Bizwire) – With the growing popularity of e-cigarettes, South Korea is increasingly accommodating users by introducing dedicated smoking spaces, reflecting a broader shift in attitudes toward smoking alternatives. E-cigarette-exclusive lounges have emerged in places like Incheon International Airport and major commercial hubs, catering to smokers who wish to avoid the strong odors [...]
SEOUL, Nov. 26 (Korea Bizwire) – “All cosmetic samples for just 10,000 won.” Such listings have become increasingly common on Danggeun Market, South Korea’s popular secondhand trading platform, reflecting a growing divide in the nation’s beauty market amid persistent inflation. While some consumers hunt for bargain cosmetics and sample-size products, others flock to luxury brands like [...]
SEOUL, Nov. 25 (Korea Bizwire) – Short-form videos are emerging as a powerful tool for promoting local businesses in South Korea, offering an engaging alternative to traditional blog-based updates. Small-sized businesses, in particular, see increasing opportunities in this trend. For example, an interior design contractor in the Seoul metropolitan area reported a surge in client inquiries [...]