SEOUL, Apr. 12 (Korea Bizwire) – Fueled by an enduring passion for camping, the number of campgrounds across South Korea surpassed 3,700 last year, setting a new all-time high as the outdoor pursuit maintains its popularity. According to data from the Korea Association of Tourism Organizations released on April 11, the nationwide tally of campgrounds stood [...]
SEOUL, Apr. 11 (Korea Bizwire) – Korean customers who have been indulging in the thrill of bargain hunting on Chinese e-commerce platforms like AliExpress and Temu are now reacting with shock and concern following reports of carcinogenic substances detected in products purchased from these sites. On April 10, the retail industry sources reported a surge in [...]
SEOUL, Apr. 11 (Korea Bizwire) – In the first quarter (January-March) of the South Korean automobile market, SUVs and vans, collectively known as RVs (recreational vehicles) locally, captured the top four spots in sales rankings. Hyundai’s Grandeur, which had consistently held a place in the top five, fell to sixth position, leaving no sedans among the [...]
SEOUL, Apr. 11 (Korea Bizwire) – Chinese online shopping platforms, such as AliExpress and Temu, have experienced a remarkable surge in sales, with an increase of over 130% in just six months since their entry into the South Korean market. The data reveals that transactions under 30,000 won accounted for the majority of sales, at 78% [...]
SEOUL, Apr. 9 (Korea Bizwire) – Samsung Electronics emerged as the most popular stock trading among South Korean minors so far this year, while Tesla and Apple led the charge in overseas equities, according to an analysis by Shinhan Investment Corp. In a review of the top 10 stocks traded by its underage clients from January [...]
SEOUL, Apr. 9 (Korea Bizwire) – Eight out of 10 customers who purchased a washing machine or dryer from LG Electronics’ retail stores in South Korea this year opted for combination washer-dryer units, the company announced on April 8. The popularity of the all-in-one laundry appliances, which handle both washing and drying cycles, reflects their space [...]
SEOUL, Apr. 8 (Korea Bizwire) – A major Buddhist exhibition that opened in Seoul on April 4 has unexpectedly captured the enthusiasm of young South Koreans, with an influx of social media reviews causing the event’s official website to crash from overwhelming traffic. The 2024 Seoul International Buddhist Expo, hosted by the Jogye Order of Korean [...]
SEOUL, Apr. 8 (Korea Bizwire) – A novel category of dietary supplements combining liquid and pill formulations in one convenient package is rapidly gaining traction in South Korea, prompting pharmaceutical companies to ramp up sales and marketing efforts for the innovative “dual-format” products. The premium vitamin brand Enerthistle perfectshot from Daewoong Pharmaceutical crossed 3 million cumulative [...]
SEOUL, Apr. 5 (Korea Bizwire) – South Korean consumers have been rapidly embracing Chinese e-commerce platforms like Alibaba’s AliExpress and Pinduoduo’s Temu, lured by steep discounts and aggressive promotional campaigns. However, this surge in popularity has not come without concerns over product quality, delivery delays, and regulatory compliance. AliExpress, a subsidiary of the Chinese tech giant [...]
SEOUL, Apr. 4 (Korea Bizwire) –Fu Bao, the beloved giant panda who spent the first few years of her life at the Everland theme park in South Korea before departing for China on April 3, was visibly tense in the unfamiliar environment, with footage showing the animal’s startled reaction when handlers poked their fingers through [...]