SEOUL, July 6 (Korea Bizwire) — Compared to other age groups, individuals in their 60s experienced the highest growth in the number of new car registrations during the first half of this year, indicating a strong demand for the establishment of new businesses with limited capital. According to local market tracker CarIsYou, the number of [...]
SEOUL, July 5 (Korea Bizwire) – South Korea will conduct an “unprecedentedly intense” special inspection into the marking of country of origin for imported seafood products amid concerns over Japan’s planned release of contaminated water from its crippled nuclear power plant, the oceans ministry said Wednesday. The 100-day intensive inspection will begin this month to check if [...]
SEOUL, July 3 (Korea Bizwire) — Japanese products are making significant strides in the imported beer market. Previously, Japanese beers experienced a significant decline in market share due to product boycotts, allowing Chinese and Dutch beers to claim the top two spots for the last couple of years. The popularity of Japanese beer is evident [...]
SEOUL, July 3 (Korea Bizwire) — The size of vehicles in all categories, except for mini cars, is increasing compared to the past, indicating a strong preference among local consumers for larger cars. According to local market tracker CarIsYou, the overall length and width of vehicles registered in South Korea during the January to May [...]
SEOUL, July 3 (Korea Bizwire) — Fashion based on the iconic doll “Barbie” is emerging as a popular trend this summer. According to fashion retailer Shinsegae International Inc., a variety of fashion brands are launching a range of items, including clothes, accessories, bags, and shoes that incorporate vibrant pink colors. The pink items come in [...]
SEOUL, July 1 (Korea Bizwire) — Virtual idols have emerged as a new mainstream phenomenon, gaining popularity among Gen Z (born 1997-2006) fandom. Previously considered a niche interest, virtual idols are now capturing the attention of teenagers who are comfortable with advanced technologies like the metaverse, motion capture, and virtual reality (VR). Experts note that [...]
SEOUL, June 30 (Korea Bizwire) — South Korean webcomic readers are garnering attention as extremely loyal customers with significant purchasing power, and they willingly open their wallets not only for webtoons but also for related merchandise. According to the crowdfunding platform Tumblbug, nearly every project associated with a popular webtoon successfully raises a substantial amount [...]
SEOUL, June 30 (Korea Bizwire) – Convenience stores are capitalizing on the growing demand for whiskey by launching exclusive whiskey open runs. These limited-time events offer discounted prices on rare and sought-after products, enticing whiskey enthusiasts and fostering customer loyalty. BGF Retail recently announced that CU, their convenience store brand, will host a unique “Let-Ju-Go” [...]
SEOUL, June 30 (Korea Bizwire) — Young Koreans in the “Generation MZ,” a term used in Korea to encompass millennials and Generation Z, are displaying a keen interest in designer brand bags, which have gone viral on social media platforms. According to an analysis of handbag category sales from January to May of this year [...]
SEOUL, June 28 (Korea Bizwire) — As the MZ generation’s interest in soju cocktails continues to rise, beverage companies are reaping the rewards of their sales strategies that capitalize on this trend. The prevalence of soju cocktail culture, combined with the growing trend of mixed drinking and home consumption due to the corona pandemic, has [...]