MIRYANG, Dec. 29 (Korea Bizwire) – Workers at a factory in Miryang, South Gyeongsang Province, are seen drying agar (hancheon) on racks during a Wednesday afternoon. Hancheon, or agar, a food derived from processing Gelidium elegans seaweed, has gained popularity as a dietary choice due to its abundant dietary fiber and low-calorie content. The production process [...]
SEOUL, Dec. 28 (Korea Bizwire) – In the face of persistent high inflation and interest rates, South Korean consumers have been navigating the economic landscape with markedly polarized spending habits. This trend, underscored by recent studies from Lotte Home Shopping and WiseApp, reveals a complex interplay of ‘value-seeking consumption’ and ‘revenge spending’, shaping the country’s retail [...]
SEOUL, Dec. 28 (Korea Bizwire) – The recent ’2023 Survey on North Korean Defectors’ conducted by the Korea Hana Foundation reveals significant improvement in the economic activities and settling environment of North Korean defectors residing in South Korea. The survey, published on December 27, indicates an increase in the employment rate of defectors to 60.5% this [...]
SEOUL, Dec. 27 (Korea Bizwire) — The number of babies born in South Korea fell to the lowest point for any October to date, data showed Wednesday. A total of 18,904 babies were born in October, down 8.4 percent from a year earlier, according to the data from Statistics Korea. The October tally marks the [...]
SEOUL, Dec. 27 (Korea Bizwire) – South Koreans are reportedly more satisfied with their leisure activities than they have been in over a decade, according to a recent survey. A survey showed that 60.7% of respondents are generally satisfied with their leisure activities, marking the highest rate since 2012 and a 4.1 percentage point increase from [...]
SEOUL, Dec. 27 (Korea Bizwire) – GS Shop announced on December 25 its new ‘Short Picks’ service, offering condensed versions of TV home shopping broadcasts and live commerce videos, each reduced to about a minute. Short Picks is a short-form content initiative by GS Shop that edits down product sales videos, previously aired on various channels, [...]
SEOUL, Dec. 27 (Korea Bizwire) – A recent study conducted by Cho Jae-Lim and Kim Changsoo from the Department of Preventive Medicine at Yonsei University College of Medicine reveals a concerning link between elevated concentrations of fine particulate matter and cognitive decline, heightening the susceptibility to Alzheimer’s disease and other mental disorders. Published in the journal [...]
CHANGWON, Dec. 26 (Korea Bizwire) – A ’500 Won Restaurant,’ which guarantees children a wholesome meal for a mere 500 won, has become a noteworthy initiative in a South Korean community. Operated by the Blossom Yeojwa Social Cooperative in Jinhae, a district in the city of Changwon in South Gyeongsang Province, this initiative stands out as [...]
SEOUL, Dec. 26 (Korea Bizwire) – As the 2024 Consumer Electronics Show (CES) — the premier global event in IT and consumer electronics — draws near, the South Korean telecommunications sector is actively preparing to delve into fresh opportunities within the realms of artificial intelligence (AI) and mobility technology. On December 25, SK Telecom announced it [...]
TAEBAEK, Dec. 25 (Korea Bizwire) – Taebaek City is dedicated to officially designating Taebaeksan Cheonje as an intangible cultural property, highlighting its profound cultural significance. This ritual event takes place on October 3, the National Foundation Day, at the Cheonjedan atop Mount Taebaek, a revered national symbol. The ceremony is a spiritual offering for global [...]