SEOUL, July 17 (Korea Bizwire) — Imported vehicle registrations in South Korea have surged 38-fold over the past three decades, driven by diversifying consumer tastes, an industry association said Thursday. Annual imported car registrations rose from just 6,921 units in 1995 to 263,288 last year, the Korea Automobile Importers and Distributors Association (KAIDA) said in [...]
SEOUL, July 16 (Korea Bizwire) — As temperatures in South Korea soar past 36 degrees Celsius, air-conditioned cinemas are becoming urban sanctuaries — and 4D screenings are emerging as a favorite form of escape. Blockbuster releases like F1: The Movie and Jurassic World: New Beginning are drawing crowds eager for immersive experiences that offer more [...]
SEOUL, July 15 (Korea Bizwire) — A once out-of-print photo book featuring Korea’s revered Pensive Bodhisattva statues has been reissued in a full revised edition for the first time in two decades, driven by a resurgence of public interest in Buddhism. Minumsa Publishing announced on Monday that it has released new editions of Pensive Bodhisattva—a [...]
SEOUL, July 15 (Korea Bizwire) — Apartment sales in Seoul have surged to a record-high share of the housing market in 2024, as concerns over rental fraud and weakening demand for non-apartment housing deepen a long-standing shift toward high-rise units. According to data released July 14 by South Korea’s Ministry of Land, Infrastructure and Transport, [...]
SEOUL, July 15 (Korea Bizwire) — Despite a sluggish economy, South Korea’s health supplement industry posted double-digit growth in 2023, becoming the only segment of the country’s biohealth sector to do so, according to new government data. A report released July 13 by the Korea Health Industry Development Institute (KHIDI) showed that the health supplement [...]
SEOUL, July 13 (Korea Bizwire) — Short-selling positions in South Korea’s stock markets have surged to their highest levels since the full resumption of short-selling in March, signaling a rise in bearish bets even as local equities continue a months-long rally. According to data released Saturday by the Korea Exchange, net short interest in the [...]
SEOUL, July 13 (Korea Bizwire) — On a recent vacation to Bali, Lee, a South Korean office worker in her 30s, noticed a peculiar trend on the beach: whenever she heard Korean being spoken, it was invariably by someone clad in a long-sleeved rash guard. “You could almost identify a Korean by whether they were [...]
OSAKA, July 12 (Korea Bizwire) — At the ongoing Osaka–Kansai Expo, Naver Cloud’s exhibition on AI caregiving technology is drawing strong interest from Japanese visitors, particularly seniors seeking support tools for aging family members. A standout attraction is “Clova CareCall,” an AI-powered phone service that checks in on elderly individuals living alone. More than just [...]
SEOUL, July 9 (Korea Bizwire) — From MBTI to TCI, and from hormone-based typologies to the Big Five, South Korea is in the throes of a personality test boom — a cultural phenomenon that blends pop psychology with digital convenience and reflects deeper social trends in how young people relate to themselves and others. What [...]
SEOUL, July 9 (Korea Bizwire) – South Korea’s younger generations are increasingly forgoing car ownership, with new data showing that new vehicle registrations among people in their 20s and 30s have dropped to their lowest levels in a decade. In contrast, older consumers — particularly those in their 60s and 70s — are driving a [...]