SEOUL, April 26 (Korea Bizwire) — In a quiet shop tucked into Seoul’s tech hub of Yongsan, a line of visitors snakes past gleaming rows of keyboards — not computers, just keyboards. Each visitor leans in, tapping delicately, listening. Some nod approvingly at a soft “clack,” others recoil from a sharper “snap.” Welcome to the world [...]
SEOUL, April 25, (Korea Bizwire) — In a notable shift from past consumer sentiment, Japanese fashion is enjoying a revival in South Korea, while Korean labels are making bold inroads into Japan’s polarized fashion market, redefining regional retail dynamics. Once dampened by the 2019 “No Japan” movement, Korean interest in Japanese fashion is resurging, particularly [...]
SEOUL, April 24 (Korea Bizwire) — South Korea’s domestic consumption has entered a prolonged downward trend, driven not by short-term disruptions like COVID-19 or inflation, but by deep-rooted structural issues such as demographic aging, employment patterns, and industrial shifts, according to a new report released on April 23, 2025, by the Korea Chamber of Commerce and [...]
SEOUL, April 24, (Korea Bizwire) — Rising life expectancy in South Korea is contributing to a notable decline in consumer spending, as more individuals prioritize saving for retirement over immediate consumption, according to a new report released on April 23, 2025, by the Korea Development Institute (KDI). The report, titled “The Impact of Demographic Factors [...]
SEOUL, April 23, (Korea Bizwire) — Nearly one-third of insurance policies in South Korea are canceled within two years, with long-term contract retention rates significantly trailing those of major global markets, according to a report released April 22, 2025, by the Financial Supervisory Service (FSS). The report, titled “2024 Insurance Sales Channel Performance and Supervision [...]
SEOUL, April 22 (Korea Bizwire) — For the first time in 35 years, South Korean-grown rice returned to Japanese shelves — and sold out within ten days. Amid a historic spike in domestic rice prices, Japanese consumers are turning to Korean imports, not only for affordability but also for quality and taste. According to the National [...]
SEOUL, April 21 (Korea Bizwire) — South Korea is witnessing a sharp rise in consumer complaints related to online game purchases, with a record number of disputes filed over the past year, according to new data from the Korea Consumer Agency (KCA). A total of 1,055 consumer dispute cases tied to online gaming were filed between [...]
SEOUL, April 21 (Korea Bizwire) — The 2025 spring semester has brought a striking shift to South Korean university campuses: generative AI tools like ChatGPT are no longer a novelty — they’ve become the academic norm. From lecture halls to online classrooms, students across the country are increasingly relying on artificial intelligence to complete assignments, generate [...]
SEOUL, April 21 (Korea Bizwire) — South Korean convenience store chain GS25 is turning missed search results into a powerful tool for product innovation, using customer data from its mobile app to identify and launch new alcoholic beverages. GS25 announced Sunday that it has been analyzing “search failure” data from its app Our Neighborhood GS, particularly [...]
SEOUL, April 16 (Korea Bizwire) — South Korea’s top food delivery app Baemin is facing mounting criticism from small business owners after it began charging a 6.8% service fee on takeout orders this week—a move seen as a reversal of the hard-won compromise on delivery commissions reached in 2024. On April 14, the first day the [...]