SEOUL, Jan. 15 (Korea Bizwire) — Chinese media reported on January 14 that South Korean tourists have been flocking to Shanghai in increasing numbers, drawing significant attention from Chinese citizens. This surge follows China’s implementation of visa-free entry for South Koreans. According to leading Chinese online travel platform Ctrip, the number of South Korean tourists visiting [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korea continues to face mounting dining costs for the third consecutive year as high inflation, currency volatility, and rising interest rates drive food prices upward. From popular dining options to workplace cafeterias and convenience store meals, prices have surged, intensifying the so-called ‘lunchflation’ phenomenon. According to data from Statistics [...]
SEOUL, Jan. 10 (Korea Bizwire) — Seoul residents aged 50 and above have significantly increased their spending over the past five years, while consumption among those in their 40s has remained flat or declined in many sectors, according to a recent study. According to a research report released on January 9 by the Seoul 50 Plus [...]
SEOUL, Jan. 9 (Korea Bizwire) — A majority of South Korean elementary school students dream of becoming entertainers, athletes, or professionals in creative fields, according to a report published on January 9 by the Korea Institute for Health and Social Affairs and Seoul National University’s Social Welfare Research Center. Key Findings The survey, conducted in March [...]
SEOUL, Jan. 9 (Korea Bizwire) — A new study has revealed that individuals who have previously filed claims for private medical insurance not only visit hospitals more frequently but also spend more on outpatient care compared to those who haven’t filed claims. According to research published in the recent issue of the Korean Journal of Hospital [...]
SEOUL, Jan. 8 (Korea Bizwire) — The Korea Chamber of Commerce and Industry (KCCI) unveiled its 2025 Retail Industry White Paper on January 7, identifying “S.N.A.K.E”—Survival, Next, AI, K-Culture, and Economical Consumption—as the year’s key consumer market trends. Survival in a Stagnant Market With global economic challenges and stagnating consumer markets, competition for limited spending [...]
SEOUL, Jan. 5 (Korea Bizwire) — The musical Aladdin emerged as the highest-grossing production in South Korea in 2024, according to preliminary data from the Korea Performing Arts Box Office Information System (KOPIS). The production, based on Disney’s animated classic, captivated audiences following its November debut and maintained high ticket sales into early 2025. Directed by [...]
DAEJEON, Dec. 31 (Korea Bizwire) —The Korea Railroad Corporation (Korail) announced on Friday that its real-time train location service was ranked the top offering of 2024 in a public poll. The service allows passengers to track the current location and estimated arrival time of all trains on a dedicated map in real time. The poll, [...]
SEOUL, Dec. 30 (Korea Bizwire) — Starbucks Korea announced its top 10 best-selling beverages of 2024, with the classic “Café Americano” once again claiming the top spot. Following closely was the “Café Latte,” maintaining its second-place ranking since the company began tracking sales rankings in 2009. For the first time, a tea-based drink, “Grapefruit Honey Black [...]
SEOUL, Dec. 25 (Korea Bizwire) — Amid a surge in protests following the impeachment motion against President Yoon Suk Yeol, calls for eco-friendly demonstration practices are gaining momentum in South Korea. Environmental activists and concerned citizens are urging organizers to minimize ecological harm during public rallies. The turning point came on December 14, when protesters released [...]