SEOUL, Mar. 8 (Korea Bizwire) – LG Uplus has announced that its ‘Uth Youth Plan’ advertisement, the first in the industry to be crafted using artificial intelligence (AI)-generated content, has been awarded in the digital category at the 2024 Consumers’ Choice Best Ad awards. This innovative ad utilized LG Uplus’s proprietary AI technology, ‘ixi’, [...]
SEOUL, Mar. 7 (Korea Bizwire) –Samsung Electronics announced on March 7 that its innovative “Bespoke Rug” campaign for home appliances has been awarded the grand prize at the 2024 Consumers’ Choice Good Ad Awards hosted by the Korea Advertisers Association and the Korea National Council of Consumer Organizations. The Bespoke Rug campaign was designed to [...]
SEOUL, Mar. 7 (Korea Bizwire) – The trend of pet ownership in South Korea has surged to new heights, with a quarter of all households now boasting furry friends. This boom in pet adoption has had a remarkable ripple effect on the pet insurance industry, witnessing a substantial 50% increase in policies over the past year. [...]
SEOUL, March 5 (Korea Bizwire) – Online shopping sales in South Korea rose 12.1 percent on-year in January on the back of growing demand for tourism and transportation services ahead of the Lunar New Year holiday, data showed Tuesday. The value of online shopping transactions amounted to 20.28 trillion won (US$15.21 billion) in January, up [...]
SEOUL, Mar. 4 (Korea Bizwire) – In a recent survey conducted by HR tech company Incruit’s gig worker platform ‘NewWorker,’ gig workers expressed high levels of satisfaction with the service. The survey, carried out from the February 8 to 12, involved 378 individuals who had taken on gig work through NewWorker in the past year. The [...]
SEOUL, Mar. 4 (Korea Bizwire) – A recent study has uncovered that college students who frequently drink alone, known as ‘solo drinkers,’ tend to experience higher levels of depression and anxiety compared to their peers who drink socially. The research, led by Jeon Hye-Rin, a clinical psychologist in training at Yonsei University College of Medicine’s Severance [...]
SEOUL, Mar. 4 (Korea Bizwire) – As predictions of declining real estate values gain momentum, the scale of reverse mortgage guarantees in South Korea is set to hit an all-time high this year, signaling an increased adoption among homeowners. Reverse mortgages, available to individuals over 55, allow homeowners to secure a loan against their property to [...]
SEOUL, Mar. 4 (Korea Bizwire) — South Koreans spent over 40 hours on global video streaming platform YouTube in January, surpassing the mark for the first time, industry data showed Monday. South Koreans users on Android and iOS systems collectively spent a record 111.9 billion minutes on YouTube in January, according to a sample survey [...]
SEOUL, Mar. 3 (Korea Bizwire) –In the last ten years, South Korea has seen a significant 40% decrease in the number of marriages, casting uncertainty on the premise of childbirth in a country where marriage traditionally precedes starting a family. Statistics Korea’s December 2023 population trends report and data from the Korean Statistical Information Service [...]
SEOUL, Mar. 2 (Korea Bizwire) –The fashion world is witnessing a resurgence of the “grandpa core” look, a style reminiscent of garments one might find in a grandfather’s closet, leading to a noticeable increase in related product sales. Characterized by classic cable knit sweaters, oversized Oxford shirts, and rugby shirts, this trend encapsulates a blend [...]