SEOUL, Sept. 18 (Korea Bizwire) – As the global electric vehicle (EV) market navigates through a temporary dip in demand, South Korean automakers and financial institutions are introducing innovative products to spark consumer interest. These offerings, centered around guaranteeing the residual value of EV batteries, are reshaping the future of EV ownership. At the heart of [...]
SEJONG, Sept. 18 (Korea Bizwire) – The growing popularity of highballs in South Korea’s alcoholic beverage market has led to an increase in liquor tax revenue, reflecting changing consumer tastes in the country’s drinking culture. According to data obtained from the National Tax Service by Park Sung-hoon, a lawmaker from the People Power Party, overall liquor [...]
SEOUL, Sept.17 (Korea Bizwire) – With millions of South Koreans gearing up for the annual Chuseok holiday exodus, online marketplaces are seeing a surge in sales of unconventional car accessories designed to make long journeys more comfortable. Gmarket, a popular e-commerce platform, reported a notable uptick in searches for portable urinals with the holiday approaching. Originally [...]
SEOUL, Sept.16 (Korea Bizwire) – In a country once renowned for its vibrant PC gaming culture, South Korea’s internet cafes, known locally as PC bangs (PC rooms), are rapidly disappearing from the urban landscape. These establishments, which once served as sanctuaries for youth seeking refuge from family gatherings or adult supervision, are now falling victim to [...]
SEOUL, Sept. 13 (Korea Bizwire) – A new social media phenomenon is sweeping across South Korea, with young adults eagerly accessing and sharing their school records online in a wave of nostalgic self-reflection. The trend, particularly popular among the so-called MZ generation (Millennials and Gen Z), involves individuals retrieving their elementary, middle, and high school records [...]
SEOUL, Sept. 12 (Korea Bizwire) – The proportion of one-person households in South Korea is projected to surpass 40 percent in 2052 amid a delay in marriages and rapid aging, the statistics agency said Thursday. The number of households consisting of one member is forecast to reach 9.62 million in 2052, taking up 41.3 percent [...]
SEOUL, Sept. 6 (Korea Bizwire) – BMW Korea is maintaining a lead in South Korea’s imported vehicle market so far this year, industry data showed Friday, as main rival Mercedes-Benz Korea is faced with a brand reputation setback after a massive fire that broke out from one of its electric vehicles. According to the Korea [...]
SEOUL, Sept. 6 (Korea Bizwire) – As inflation continues to squeeze household budgets, South Korean consumers are increasingly turning to budget-friendly options at convenience stores. CU, one of the country’s leading convenience store chains, reported a significant surge in sales of products priced under 1,000 won on September 5. The trend reflects a broader shift in [...]
SEOUL, Sept. 3 (Korea Bizwire) — As South Korea grapples with shifting demographics and evolving living patterns, major construction companies are introducing innovative apartment designs that allow residents to easily modify their living spaces. On August 31, industry leaders showcased new floor plans that break from traditional layouts, offering adaptable structures that can be customized to [...]
SEOUL, Sept. 3 (Korea Bizwire) — In a striking trend reflecting growing legal awareness among South Koreans, requests for access to legal documents, particularly criminal complaints, have skyrocketed, surpassing 200,000 annually. This surge underscores a shift towards proactive self-advocacy and strategic preparation in legal disputes. According to the “2024 Information Disclosure Annual Report” released by the [...]