SEOUL, Nov. 20 (Korea Bizwire) – South Korea’s e-commerce market is growing at a fast pace and is expected to grow 10.2 percent on-year to surpass 164 trillion won (US$118 billion) this year, a global market research firm said Wednesday. The Korean e-commerce market is set to reach 164.3 trillion won in 2024, up from [...]
SEOUL, Nov. 20 (Korea Bizwire) – South Korea has one of the best fifth-generation (5G) communications network infrastructures among the member states of the Organization for Economic Cooperation and Development (OECD), a report showed Wednesday. The country had the highest number of 5G base stations relative to its population, with 593 stations per 100,000 inhabitants, [...]
SEOUL, Nov. 19 (Korea Bizwire) — Nearly 7 in 10 married South Korean women have experienced career interruptions due to pregnancy and child-rearing, data showed Tuesday. The number of married women aged 15-54 who left the workforce reached 1.22 million in the first half of this year, according to the data from Statistics Korea. This [...]
SEOUL, Nov. 18 (Korea Bizwire) – The rate of online searches via Naver Corp., South Korea’s leading internet portal operator, in the country has seen a significant drop over the past nine years amid growing competition, an industry report showed Monday. The Korean portal giant took up a 57.32 percent share of the domestic search [...]
SEOUL, Nov. 18 (Korea Bizwire) – A significant shift in attitudes toward traditional family structures is emerging among South Korea’s younger generation, with two in five people in their 20s now believing that marriage is not a prerequisite for having children, according to a new government survey. The 2024 Social Survey by Statistics Korea reveals that [...]
SEOUL, Nov. 18 (Korea Bizwire) – South Korean lawmakers boast the highest level of academic credentials among parliamentarians worldwide, with more than one-third holding doctoral degrees, according to a recent academic study featured in The Economist on November 14. The comprehensive research, conducted by scholars from six institutions including Duke University, analyzed the educational backgrounds of [...]
SEOUL, Nov. 11 (Korea Bizwire) – Samsung Electronics Co., South Korea’s tech giant, topped other local companies in the number of female executives this year, a local head hunting firm said Monday. Unico Search Inc. conducted a survey of the country’s top 100 companies in terms of sales to see how many female executives they [...]
SEOUL, Nov. 11 (Korea Bizwire) – In South Korea’s fiercely competitive coffee market, where a “coffee war” is in full swing, Coffee Bean leads major franchises with the highest prices, charging 5,000 won for an Americano. For context, the true price ceiling in South Korea’s coffee scene belongs to Bacha Coffee’s Cheongdam flagship store, recently opened [...]
SEOUL, Nov. 10 (Korea Bizwire) – A recent survey has unveiled distinct gender differences in how divorced South Koreans experience newfound freedom, with men prioritizing unrestricted travel while women most appreciate being able to treat traditional holidays as personal vacation time. The study, conducted jointly by matchmaking agencies Only You and Bien-Aller, surveyed 536 divorced individuals [...]
SEOUL, Nov. 6 (Korea Bizwire) – The number of South Koreans opting to remain economically inactive without specific reasons has gone up by 245,000 this year amid tough job market conditions and economic uncertainties, the statistics agency said Wednesday. The total number of economically inactive individuals came to 16.21 million as of August, up 48,000 [...]