SEOUL, June 3 (Korea Bizwire) — A major multi-institutional study in South Korea has found that one in four patients who suffer an initial stroke dies within five years, while approximately one in six experiences a recurrence of the condition during the same period. The findings, released Monday, come from the Korea Stroke Cohort for Functioning [...]
SEOUL, June 3 (Korea Bizwire) — South Korea’s leading pharmaceutical and biotech companies are increasingly shifting toward direct sales operations in overseas markets, betting that bypassing local distributors will yield greater long-term profits and stronger control over pricing and marketing. Industry leader Celltrion has recently expanded its direct sales footprint in Europe, transitioning its Spanish operations [...]
SEOUL, June 3 (Korea Bizwire) — Luxury fashion house Chanel has raised prices on several of its best-selling handbags and jewelry items in South Korea by up to 10%, marking its third price hike this year and further straining consumers, especially brides-to-be preparing for weddings. Chanel Korea implemented the increases on Monday, raising prices on signature [...]
SEOUL, June 3 (Korea Bizwire) — As South Korea gears up for its pivotal presidential election on June 3, a colorful array of unconventional polling stations across the country has captured public attention—ranging from wrestling gyms to pizza shops and even wedding halls. While official election law typically designates schools, community centers, and other public [...]
SEOUL, June 3 (Korea Bizwire) — Faced with a decline in group tour bookings, South Korea’s travel industry is doubling down on ultra-premium travel packages—some costing tens of millions of won—in a bid to attract high-end travelers and shore up profitability. Major agencies such as Lotte Tour Development, Hana Tour, and Modetour are expanding their [...]
JEJU, June 2 (Korea Bizwire) — South Korea has reported its first confirmed case of Zika virus infection this year, health officials announced Monday, after a patient tested positive following travel to Southeast Asia. According to the Jeju provincial government, a man in his 40s—identified only as Mr. A—was diagnosed with Zika virus on May [...]
SEOUL, June 2 (Korea Bizwire) – South Koreans are turning to the familiar voice of G-Dragon to soundtrack their commutes, according to a new analysis of music streaming habits on Melon, the country’s leading audio platform. Melon revealed Monday that the Big Bang frontman’s tracks were the most streamed by users during weekday commuting hours—specifically [...]
SEOUL, June 2 (Korea Bizwire) — In the final stretch of South Korea’s high-stakes presidential election, a digital manipulation scandal has thrown the race into turmoil, casting doubts on the integrity of online discourse and raising alarms over political interference by a far-right education group. The controversy centers around Rhee Park School, a conservative civic organization [...]
SEOUL, June 2 (Korea Bizwire) — Spending on pet care services and products in South Korea has surged by 30% over the past three years, with the fastest growth driven by consumers aged 60 and older, according to a new report released by KB Kookmin Card. The analysis, based on 24.85 million card transactions by 3.54 [...]
SEOUL, June 2 (Korea Bizwire) — South Koreans are spending a smaller share of their income than they did a decade ago, signaling deeper shifts in household behavior amid demographic and economic changes, according to a new report released by the Korea Chamber of Commerce and Industry (KCCI). The report, titled “Changes in Consumption Propensity by [...]