SEOUL, Feb. 12 (Korea Bizwire) – South Korea boasted the fourth-largest number of Starbucks outlets globally as of last year, driven by robust demand from local consumers. According to data released Monday by the U.S. coffee giant, South Korea had 1,893 Starbucks stores in 2023, marking an increase of 116 from the previous year. Despite [...]
SEOUL, Feb. 12 (Korea Bizwire) – Electric cars accounted for 9.3 percent of newly purchased cars in South Korea last year, data showed Monday, hovering above that of other major counterparts, including the United States and Japan. The electric vehicles (EVs) took up 162,507 of 1.74 million cars sold in South Korea in 2023, according [...]
SEOUL, Feb. 10 (Korea Bizwire) – Exports of soju, distilled Korean liquor, topped US$100 million for the first time in 10 years in 2023, data showed Saturday. According to the Korea Customs Service, outbound shipments of soju reached $101.4 million in 2023, an increase of 8.7 percent from 2022. The last time soju exports surpassed [...]
SEOUL, Feb. 9 (Korea Bizwire) –With Facebook recently marking 20 years since its launch, the once-dominant social media platform has seen its monthly active users on the mobile app in South Korea dip below the 10 million mark for the first time since May 2020, when mobile big data company IGAWorks began its combined app [...]
SEOUL, Feb. 9 (Korea Bizwire) – The combined annual income of single-person media creators, such as YouTubers, reached over 1 trillion won (US$753 million) in 2022, according to data released Friday. A total of 39,366 individuals reported their annual income as single-person media creators in 2022, with the total amount reaching 1.14 trillion won, according [...]
SEOUL, Feb. 9 (Korea Bizwire) –A recent survey revealed that 90% of software developers anticipate that generative artificial intelligence (AI) could potentially replace aspects of their jobs. HR tech company WantedLab disclosed that an online survey conducted from February 2 to 7 among approximately 180 software developers found that 83.6% of respondents believe generative AI [...]
SEOUL, Jan. 28 (Korea Bizwire) – South Korea took up less than 7 percent of China’s total imports last year, the lowest in 30 years, amid a change in the two countries’ trade relations and a global slump in the IT industry, data showed Sunday. South Korea accounted for 6.3 percent of China’s total inbound [...]
SEOUL, Jan. 23 (Korea Bizwire) – The number of labor union members in South Korea and the unionization rate, or the percentage of workers represented by a union, have both taken a downward turn, the labor ministry said Tuesday. According to the ministry’s latest data, the number of organized workers shrank by 210,000 to 2.72 [...]
SEOUL, Jan. 4 (Korea Bizwire) – BMW Korea overtook Mercedes-Benz Korea to become the leading foreign automobile company in South Korea last year in terms of sales, industry data showed Thursday. According to the Korea Automobile Importers & Distributors Association (KAIDA), the number of newly registered BMW models last year reached 77,395 units out of the [...]
SEOUL, Dec. 24 (Korea Bizwire) – South Korea’s exports of eco-friendly vehicles surged 32.5 percent on-year to a record high during the first 11 months of this year on solid global demand for electric vehicles (EVs), data showed Sunday. The export volume of eco-friendly automobiles came to 662,307 units during the January-November period, compared with [...]