SEOUL, July 20 (Korea Bizwire) — South Korea’s whisky imports have surged this year, reaching a new high, data showed Wednesday. The volume of imported whisky amounted to 16,900 tons, marking a 50.9 percent increase compared to last year, and setting a new record, according to the data from the Korea Customs Service. The value [...]
SEOUL, July 19 (Korea Bizwire) — South Korean online lender KakaoBank Corp. said Tuesday it will be introducing a “personal vault” service, allowing users to store documents and photos as computer files. Depending on the level of sensitivity associated with each file, users will have the option to implement additional security measures. For instance, less [...]
SEOUL, July 17 (Korea Bizwire) — The consumption trend for affordable luxuries continues to expand among South Korea’s younger generation. This trend is particularly noticeable in the beauty sector, where consumers can express their values, preferences, and personality at an affordable price. Between January and June of this year, sales of luxury cosmetics at Lotte [...]
SEOUL, July 12 (Korea Bizwire) — Fashion and cosmetics retailer Shinsegae International Inc. announced on Wednesday that the global niche perfume brand Byredo had launched a beauty store in Garosugil, an upscale shopping district in southern Seoul. At the store, visitors have the opportunity to consult with professional consultants and try out all the available [...]
SEOUL, July 12 (Korea Bizwire) — Rain and sun dual-use umbrellas are enjoying increasing popularity due to the unpredictable weather during the rainy season, which brings both rain and sunshine. Online shopping mall Gmarket witnessed a threefold increase in the sales of umbrellas and yangsan (small portable parasols) from July 3 to 9 compared to [...]
SEOUL, July 12 (Korea Bizwire) — With the trend of saving even small amounts of money spreading amid the economic slump, South Korea’s major travel agency has unveiled new apps that pay users for walking. Hanatour Service Inc. announced on Tuesday that it launched the industry’s first step counter service, designed to provide rewards based [...]
SEOUL, July 10 (Korea Bizwire) – The preference for hybrid models among South Korean consumers has led to the share of Hyundai Motor Co.’s Grandeur sedan’s hybrid models surpassing that of internal combustion engine models. According to the carmaker, hybrid models accounted for 33,056 units or 52.5 percent of the Grandeur’s domestic sales of 62,970 units [...]
SEOUL, July 9 (Korea Bizwire) — The criteria for Koreans choosing an apartment, the most common form of housing in the country, are undergoing a transformation. In the past, the proximity to subway stations, known as ‘Yeokssekwon’ or station areas, was considered an essential factor due to its emphasis on transportation convenience. However, there is [...]
SEOUL, July 8 (Korea Bizwire) —Idle mobile games, a genre of mobile gaming that has previously received limited attention in the mainstream, have recently gained popularity among young people. Idle games are characterized by simple and repetitive gestures that allow players to enjoy the game without requiring much interaction. They minimize the need for [...]
SEOUL, July 6 (Korea Bizwire) – The COVID-19 pandemic has transformed the tourism landscape in Seoul, especially in the Myeongdong, Dongdaemun, and Hongdae areas, South Korea’s top health and beauty store operator said Wednesday. According to CJ Olive Young, a significant number of foreign tourists belonging to Generation Z visit South Korea primarily for K-content. [...]