SEOUL, Oct. 17 (Korea Bizwire) – A recent survey has revealed the emergence of a “new elderly” demographic in South Korea, characterized by higher income, better education, and shifting values regarding inheritance and self-perception of age. This trend, partly attributed to the baby boomer generation (born 1955-1963) entering their senior years, is reshaping traditional notions of [...]
SEOUL, Oct. 16 (Korea Bizwire) – Transportation-related information, particularly subway data, has emerged as the most sought-after public dataset among Seoul residents, according to a report released October 15 by the Seoul Digital Foundation. The report, titled “Seoul Public Data in My Hand,” provides insights into how citizens are engaging with the city’s open data initiative. [...]
SEOUL, Oct. 15 (Korea Bizwire) – Revenue from shared accommodation in South Korea has increased more than tenfold over the past three years, with nearly half of the total income generated by individuals in their 20s and 30s, according to a recent analysis of National Tax Service data. Representative Cha Gyu-geun of the Rebuilding Korea Party [...]
SEOUL, Oct. 15 (Korea Bizwire) – Amidst growing concerns over South Korea’s critically low birth rate, a recent survey reveals a significant increase in marriage and childbirth intentions among people in their 20s and 30s, offering a glimmer of hope for the country’s demographic challenges. The Presidential Committee on Ageing Society and Population Policy released the [...]
SEOUL, Oct. 7 (Korea Bizwire) – In an era of rapid technological advancement, South Korean medical professionals are increasingly turning to digital therapeutics and so-called “electronic medicine” to treat and manage various health conditions without traditional pharmaceuticals. Last month, Dr. Kang Dong-wha, a neurologist at Seoul Asan Hospital, prescribed a digital therapeutic device called VIVID Brain to [...]
SEOUL, Oct. 4 (Korea Bizwire) – In a striking paradox, South Korea, a global leader in digital infrastructure and artificial intelligence (AI) adoption, is grappling with widespread worker anxiety about the impact of AI on job security, according to a recent international study. The report, released by researchers Cheong Se-jeong and Shin Young-kyu from the Korea [...]
SEOUL, Oct. 4 (Korea Bizwire) – Sales of the Genesis GV80, a luxury SUV from Hyundai Motor’s premium brand, are surging despite its hefty price tag. The vehicle’s sales figures are outpacing those of its more affordable counterpart, the Hyundai Palisade, showcasing the growing appetite for luxury vehicles in the South Korean market. According to Hyundai [...]
SEOUL, Oct. 4 (Korea Bizwire) – Coupang, the South Korean e-commerce giant, has seen an increase in its user base despite raising its membership fees. This development challenges predictions of a mass exodus from the platform and underscores the company’s strong market position in a fiercely competitive landscape. According to data from WiseApp, Coupang’s monthly active [...]
SEOUL, Oct. 3 (Korea Bizwire) – South Korean consumers are spending close to 500,000 won per year on subscription services, according to a new report released on October 2. The “Subscription Wars 2024″ report, presented by the British subscription bundling and payment company Bango at the M360 APAC conference in Seoul, reveals that South Korean consumers [...]
SEOUL, Sept. 30 (Korea Bizwire) – A majority of South Koreans are willing to cut their annual consumption by 15% or more to combat global warming, according to a recent international survey that highlights the country’s growing environmental consciousness. The Korea Institute for Health and Social Affairs released a report comparing climate change perceptions across 10 [...]