SEOUL, Mar. 12 (Korea Bizwire) – A recent analysis has revealed that more than one-third of the foreign tourists visiting South Korea last year were young individuals under the age of 30, a demographic surge attributed to the global popularity of K-pop, K-food, and K-beauty. The trend is not limited to Asian countries such as Japan, [...]
SEOUL, Mar. 11 (Korea Bizwire) – In a revealing glimpse into the collective psyche of a nation increasingly alarmed by the environmental crisis at its doorstep, a recent comprehensive survey has highlighted the deep concerns harbored by South Koreans over the twin perils of climate change and the burgeoning issue of plastic waste. This widespread apprehension [...]
SEOUL, Mar. 11 (Korea Bizwire) – In recent years, as marriage rates have fallen, the number of wedding venues across the nation has seen a consistent decline. However, a recent study reveals a significant surge in revenue for these venues, a trend uncovered through a comprehensive analysis of the national wedding market utilizing big data. According [...]
SEOUL, Mar. 7 (Korea Bizwire) — South Korean adults’ financial literacy is higher than the Organization for Economic Cooperation and Development (OECD) average, a report showed Thursday. According to the survey by the Bank of Korea and the Financial Supervisory Service, the financial literacy of South Koreans aged between 18 and 79 came to 67 [...]
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) — 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, March 3 (Korea Bizwire) – The average annual working hours for South Koreans fell by nearly 200 hours over the past decade but still remain about 150 hours longer than the average of the Organization for Economic Cooperation and Development (OECD), data showed Sunday. According to statistics from the Ministry of Employment and Labor, [...]
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, Feb. 29 (Korea Bizwire) – A recent report by the Korea Creative Content Agency has revealed that minors are less likely to overindulge in gaming when their parents have a higher understanding of games and set clear usage guidelines. The findings, detailed in the “2023 Comprehensive Survey on Children and Adolescents’ Gaming Behavior,” were based [...]
SEOUL, Feb. 29 (Korea Bizwire) – Amid a worldwide shake-up of industrial sectors, Korean firms are experiencing a range of emotions about the future of their key operations, feelings that vary widely depending on the size of the business and the industry it belongs to. A recent survey conducted by the Korea Chamber of Commerce and [...]