SEOUL, Jan. 24 (Korea Bizwire) — Navigating human relationships is always challenging. Whether conflicts are evident or hidden, they are an inevitable part of our social existence, often leaving us with emotional scars. This makes maintaining a healthy distance crucial. In his bestseller “Reading Schopenhauer at Forty,” researcher Kang Yong-soo from the Korea University’s Institute of [...]
SEOUL, Jan. 23 (Korea Bizwire) — As economic hardships deepen, TMON, a major online shopping platform, expects customers to significantly reduce their spending on Lunar New Year gifts this year. In a survey conducted from January 10 to 16 involving 500 customers, TMON found that 58% (multiple responses allowed) plan to purchase gifts from online channels [...]
SEOUL, Jan. 18 (Korea Bizwire) — Shinhan Card recently identified “SPARK” as the defining keyword for this year’s consumer trends. This acronym encompasses five specific sub-trends: ‘Start the Time Revolution’, ‘Pivot Family Model’, ‘Age of Funflation’, ‘Ripples of Stimulating Polarization’, and ‘Keep an Eye on Tasty Entertainment’. The ‘Start the Time Revolution’ trend indicates a shift towards [...]
SEOUL, Jan. 17 (Korea Bizwire) — A recent study has revealed that while most seniors aged 65 to 79 in South Korea use smartphones, over half of them are unable to install or delete applications (apps) by themselves. The research, conducted by a team from the Department of Geriatric Medicine and the Department of Family Medicine at [...]
SEOUL, Jan. 15 (Korea Bizwire) — As South Korea grapples with an aging population, pharmaceutical companies are increasingly looking at ‘medifood’ as a potential new growth area. Medifood, also known as ‘food for special medical purposes,’ includes beverages and meals specially designed for the elderly or others who require particular nutritional care due to health reasons. On [...]
SEOUL, Jan. 12 (Korea Bizwire) – KakaoStyle’s fashion commerce platform, Zigzag, announced on January 11 that an analysis of last year’s search and purchase data revealed that customers take an average of 3.4 days from searching for a product to making a purchase. Breaking down the data by category, the beauty sector showed the shortest duration, [...]
SEOUL, Jan. 9 (Korea Bizwire) – The Korean dining industry is increasingly adopting the ‘shop-in-shop’ concept, offering a win-win strategy that attracts attention. This approach allows businesses to enhance brand recognition through specialized stores while providing customers the convenience of exploring a variety of items in one location. According to industry reports from January 8, Lotte [...]
SEOUL, Jan. 8 (Korea Bizwire) –In a bold move to overcome fierce economic headwinds, department stores and large supermarkets in South Korea are focusing on improving their offline presence, increasing experiential content in their stores to prolong customer visits and boost sales. According to industry insiders, the strategy to encourage longer stays aims to transform [...]
SEOUL, Jan. 8 (Korea Bizwire) –A recent survey has revealed that nearly half of South Koreans are open to purchasing autonomous vehicles in the future, with younger generations showing less resistance to self-driving technology. The survey, conducted by the Korea Automobile and Mobility Association (KAMA) using the Embrain platform, involved 3,000 individuals aged 14 [...]
SEOUL, Jan. 5 (Korea Bizwire) – As the new year dawns, persisting high inflation continues to impact South Korea’s MZ generation (Millennials and Generation Z), prompting them to find various ways to tighten their belts. These younger generations are not only increasing their income through ‘side hustles’ or frugal financial planning but are also looking for [...]