SEOUL, Nov. 2 (Korea Bizwire) — South Koreans in their 20s and 30s are turning from golf to hiking amid high inflation. Growth of outdoor gear revenue generated by those young people has outpaced the growth of golf revenue since September, according to industry sources. For Hyundai Department Store, the golf revenue generated by those [...]
SEJONG, Nov. 1 (Korea Bizwire) — Online shopping in South Korea advanced 11.8 percent on-year in September as the demand for travel services increased on eased COVID-19 restrictions, data showed Tuesday. The value of online shopping transactions came to 17.45 trillion won (US$12.2 billion) in September, compared with 15.6 trillion won tallied a year earlier, [...]
SEOUL, Nov. 1 (Korea Bizwire) — A growing number of South Koreans are commending police, firefighters and paramedics for their hard work during the Halloween crowd crush in Seoul’s Itaewon district last Saturday. “I’m sorry I couldn’t save more of them,” one of the police officers who was sent to Itaewon that day said on [...]
SEOUL, Nov. 1 (Korea Bizwire) — The government on Monday ended the distribution of press releases on the daily report of COVID-19 infections that began on January 20, 2020. The Korea Disease Control and Prevention Agency (KDCA) said it will post daily infection reports on its website only, every day at 9:30 a.m. The online [...]
SEOUL, Oct. 31 (Korea Bizwire) — Disposable amenities are disappearing from luxury hotels as the Ministry of Environment begins imposing restrictions on the use of disposable products at accommodation facilities. Hotel Lotte introduced large dispensers at all Signiel, Lotte Hotel, L7 and Lotte City Hotels. Josun Hotels & Resorts also introduced dispensers at its Westin [...]
SEOUL, Oct. 31 (Korea Bizwire) — Sales of zero-calorie drinks are on the rise in the post-pandemic era as more people from the younger generation look after their health. Convenience store chain CU reported a more than 15-fold increase in sales of zero-calorie beverages this year compared to 2019, up by 112.5 percent from last [...]
SEOUL, Oct. 31 (Korea Bizwire) — South Korea saw its foreign population shrink by 1 percent last year from the previous year, marking a decline for the second year in a row, the interior ministry said Monday. According to a report by the Ministry of the Interior and Safety, the number of foreign residents had [...]
SEOUL, Oct. 31 (Korea Bizwire) — Retail sales in South Korea grew 7.5 percent on-year in September on an increase in people’s outdoor activities amid eased antivirus curbs, data showed Monday. The combined sales of 25 major offline and online retailers came to 14.21 trillion won (US$9.98 billion) last month, compared with 13.2 trillion won [...]
SEOUL, Oct. 31 (Korea Bizwire) – Exports of passenger cars advanced 30.1 percent in the third quarter of the year from a year earlier, data showed Monday, on the back of growing demand for eco-friendly vehicles. Carmakers here shipped passenger cars worth a combined US$12.6 billion during the July-September period, up from $9.7 billion a [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea will continue to look into suspicious real estate transactions by foreigners as a recent investigation found increasing illegalities involving foreigners’ home purchases, the land ministry said Friday. The portion of suspicious home purchases by foreigners rose to 1.21 percent, or 6,772 cases, out of the country’s total [...]