SEOUL, Nov. 16 (Korea Bizwire) — Eco-friendly cars accounted for one-third of all new vehicle purchases made in the first nine months of 2023, government and industry data showed Thursday. According to data from the transportation ministry and the Korea Automobile Manufacturers Association, the rate of car purchasers who bought eco-friendly models, including hybrid and [...]
SEOUL, Nov. 14 (Korea Bizwire) – At the upcoming G-STAR, Korea’s prime gaming exhibition, the industry will unveil new titles focused on delivering inherent fun and leveraging intellectual property (IP). These submissions and booth plans highlight a forecast: console platforms and subculture games, specifically the Japanese anime-style, are set to become pivotal in 2024′s gaming landscape. [...]
SEOUL, Nov. 12 (Korea Bizwire) — Sales of diesel automobiles built by local manufacturers fell more than 20 percent on-year through the third quarter of 2023, data showed Sunday, amid the rising preference for electric vehicles in the market. South Korea’s five carmakers sold 76,367 units of diesel passenger cars over the January-September period, down [...]
SEOUL, Nov. 13 (Korea Bizwire) – In the past three months, the competition for second place within the streaming video service industry has been fervent. There’s a noticeable trend where user preferences are heavily influenced by the original content released at any given time, creating what seems like a content battle. Based on recent Nielsen data, [...]
SEOUL, Nov. 10 (Korea Bizwire) – The slump in domestic consumption, fueled by high prices and interest rates, is worsening. According to third-quarter corporate results, major department stores in Korea—Lotte, Shinsegae, and Hyundai—have experienced a decline in sales compared to last year. Additionally, the growth of the convenience store industry, resilient during the COVID-19 pandemic, is [...]
SEOUL, Nov. 9 (Korea Bizwire) – The percentage of imported passenger cars in the domestic market is anticipated to drop below 20 percent this year, marking the first decline in four years. This decrease can be attributed to the relative success of domestic passenger car models, particularly Hyundai Motor’s luxury brand, Genesis, and the overall decrease [...]
SEOUL, Nov. 8 (Korea Bizwire) – Dramas based on popular webtoons have taken center stage in the South Korean TV drama market. In a country where novelty is key, these adaptations draw viewers with their fresh settings, imaginative characters, and recognizable titles. One of the most buzzed-about webtoon-based dramas in the latter half of this year [...]
SEOUL, Nov. 8 (Korea Bizwire) – A recent survey has revealed that over 70 percent of Korean adults have expressed intent to make financial investments for the pursuit of ‘Godsaeng,’ a term coined to represent a diligent and exemplary life. ‘Godsaeng’ is a neologism formed by combining ‘God’ and ‘saeng’ (meaning ‘life’ in Korean) and signifies [...]
SEOUL, Nov. 6 (Korea Bizwire) – South Korea’s major department stores are turning their attention to the “vintage” trend to attract the MZ generation, those born between the early 1980s and early 2000s, who are emerging as their primary consumer base. Recognizing that the MZ generation is sensitive to value consumption and familiar with secondhand transactions, [...]
SEOUL, Nov. 1 (Korea Bizwire) – Mongolia has emerged as a trendy travel destination, particularly appealing to Generation MZ, the demographic born in the early 1980s to the early 2000s. Mongolia typically experiences high summer temperatures in the 20s, with the prime travel season running from June to September. Major travel agencies have significantly increased the [...]