SEOUL, May 2 (Korea Bizwire) —A recent surge in the popularity of Ghibli-style AI-generated images has brought to light generational differences in how South Koreans engage with generative AI tools, according to a new report by the Korea Press Foundation released Thursday. The report, published in the latest edition of Media Survey, analyzed responses from [...]
As employment anxiety rises, the next wave of graduates is scaling back hopes — and seeking stability over ambition. SEOUL, April 30 (Korea Bizwire) — New university graduates in South Korea are hoping to earn an average starting salary of 41.4 million won (approximately $28,500) this year, according to a new survey — a marginal [...]
SEOUL, April 28 (Korea Bizwire) — SK Telecom, South Korea’s largest mobile carrier by subscriber count, is experiencing a surge in customer defections in the wake of a major hacking incident, industry data showed Monday. According to telecommunications industry sources, 1,665 SK Telecom subscribers switched to rival carriers on April 26. Of these, 1,280 users ported [...]
SEOUL, April 28 (Korea Bizwire) — As temperatures warm and marathon season returns in full force to South Korea’s capital, mounting frustration among Seoul residents is sparking renewed debate over the city’s growing number of road races. On April 16, complaints flooded online community forums for apartment residents in the Jamsil neighborhood after the 2025 Seoul [...]
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 [...]