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Young South Koreans More Open to Having Children Outside Marriage

Young South Koreans More Open to Having Children Outside Marriage

SEOUL, Nov. 18 (Korea Bizwire) – A significant shift in attitudes toward traditional family structures is emerging among South Korea’s younger generation, with two in five people in their 20s now believing that marriage is not a prerequisite for having children, according to a new government survey. The 2024 Social Survey by Statistics Korea reveals that [...]

South Korean Consumers Embrace ‘Wiser Wallets’ Amid Persistent Inflation, Report Finds

South Korean Consumers Embrace ‘Wiser Wallets’ Amid Persistent Inflation, Report Finds

SEOUL, Nov. 15 (Korea Bizwire) – In response to ongoing inflation, South Korean consumers are expected to evolve beyond simple cost-cutting measures to adopt more sophisticated “wiser wallets” spending patterns in the coming year, according to a new global consumer trends report.  The “2025 Global Consumer Trends Report,” released on November 14 by global data analytics [...]

‘Snack Movies’ Gain Momentum in South Korea as Actor Kim Nam-gil Joins Trend

‘Snack Movies’ Gain Momentum in South Korea as Actor Kim Nam-gil Joins Trend

SEOUL, Nov. 14 (Korea Bizwire) – A new short film starring Kim Nam-gil, co-produced with KB Kookmin Bank, is set to premiere exclusively at Lotte Cinema on November 20, joining a growing trend of abbreviated theatrical releases in South Korea known as “snack movies.” The 31-minute film, “How to Open a Door” will be screened for [...]

Survey Reveals Growing Acceptance of Cohabitation and Out-of-Wedlock Births in South Korea

Survey Reveals Growing Acceptance of Cohabitation and Out-of-Wedlock Births in South Korea

SEOUL, Nov. 12 (Korea Bizwire) – Nearly 7 in 10 South Koreans believe that couples can live together without getting married, and almost 40 percent support having children outside of wedlock, a government report showed Tuesday, signaling a shift in perceptions around marriage and childbearing in the traditionally conservative country. The report was based on [...]

Domestic Beer Reclaims Top Spot in South Korean Retail Alcohol Sales Amid Inflation Concerns

Domestic Beer Reclaims Top Spot in South Korean Retail Alcohol Sales Amid Inflation Concerns

SEOUL, Nov. 11 (Korea Bizwire) – South Korean domestic beer is poised to reclaim its position as the best-selling alcoholic beverage at major retailers this year, overtaking wine as consumers adapt to persistent inflation, according to recent market data. An analysis by Emart, one of South Korea’s largest retailers, shows that through November 6, domestic beer [...]

In South Korea’s Coffee Wars, Chains Face Backlash Over Rising Prices

In South Korea’s Coffee Wars, Chains Face Backlash Over Rising Prices

SEOUL, Nov. 11 (Korea Bizwire) – In South Korea’s fiercely competitive coffee market, where a “coffee war” is in full swing, Coffee Bean leads major franchises with the highest prices, charging 5,000 won for an Americano.  For context, the true price ceiling in South Korea’s coffee scene belongs to Bacha Coffee’s Cheongdam flagship store, recently opened [...]

’4B Movement’ Gains Traction Among American Women Following Trump’s Victory

’4B Movement’ Gains Traction Among American Women Following Trump’s Victory

SEOUL & Washington, Nov. 10 (Korea Bizwire) – In the wake of Donald Trump’s election as the 47th President of the United States, a growing number of American women are embracing the “4B movement,” a social protest originally popularized in South Korea that advocates for abstaining from dating, marriage, childbirth, and sexual relationships as a response [...]

Korean Entertainment Industry Pivots to Value-Focused Content Amid Budget Cuts, Global Competition

Korean Entertainment Industry Pivots to Value-Focused Content Amid Budget Cuts, Global Competition

SEOUL, Nov. 9 (Korea Bizwire) – As South Korea’s entertainment industry grapples with economic headwinds, producers are shifting from expensive dramas to more cost-effective variety shows, with character development emerging as a crucial factor in both formats, industry experts said at a forum on November 7. At the K-Culture Trend Forum held at Amore Pacific headquarters [...]

Data Shows Increase in Voluntarily Economically Inactive People in 2024

Data Shows Increase in Voluntarily Economically Inactive People in 2024

SEOUL, Nov. 6 (Korea Bizwire) – The number of South Koreans opting to remain economically inactive without specific reasons has gone up by 245,000 this year amid tough job market conditions and economic uncertainties, the statistics agency said Wednesday. The total number of economically inactive individuals came to 16.21 million as of August, up 48,000 [...]

70% of Korean Companies See Extended Retirement Age as Management Burden, Survey Finds

70% of Korean Companies See Extended Retirement Age as Management Burden, Survey Finds

SEOUL, Nov. 6 (Korea Bizwire) – A new survey has revealed that seven out of 10 Korean companies believe extending the retirement age would create significant management challenges due to seniority-based wage systems, according to findings released on November 5 by the Korea Enterprises Federation (KEF).  The survey, conducted by Research & Research on behalf of [...]