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Korean Consumers Favor Trust Over Price Amid Surge of Chinese E-Commerce Platforms

Korean Consumers Favor Trust Over Price Amid Surge of Chinese E-Commerce Platforms

SEOUL, May 17, 2025 (Korea Bizwire) — Despite the growing presence of Chinese e-commerce giants like AliExpress and Temu, a majority of South Korean consumers still prefer domestic online platforms for their perceived reliability and product quality—even at higher prices, a government report revealed Friday. According to a report published by the Korea Information Society Development [...]

High-Fat Diet Found to Directly Fuel Cancer Growth Through Fat Metabolism, Korean Study Shows

High-Fat Diet Found to Directly Fuel Cancer Growth Through Fat Metabolism, Korean Study Shows

SEOUL, May 17 (Korea Bizwire) — A groundbreaking study by South Korea’s National Cancer Center has revealed that high-fat diets may directly accelerate the growth of cancer cells by altering how those cells metabolize fat for energy — a discovery that could pave the way for a new class of targeted cancer therapies. The research, led [...]

South Korea in Full Bloom as Rose Festivals Light Up Cities Nationwide

South Korea in Full Bloom as Rose Festivals Light Up Cities Nationwide

SEOUL, GOKSEONG & ULSAN, May 16 (Korea Bizwire) — From the southern riversides of Jeollanam-do to the urban trails of Seoul, rose festivals are in full bloom across South Korea this spring, drawing crowds with dazzling floral displays and vibrant cultural programming. The 15th Gokseong World Rose Festival opened Friday at Seomjingang Train Village in South [...]

Buldak Spicy ‘Ramyeon’ Maker Shares Jump Nearly 20 Pct on Strong Earnings

Buldak Spicy ‘Ramyeon’ Maker Shares Jump Nearly 20 Pct on Strong Earnings

SEOUL, May 16 (Korea Bizwire) — Shares of Samyang Foods Inc., known for its globally popular Buldak spicy “ramyeon,” jumped nearly 20 percent after the company reported strong first-quarter earnings. On Friday, Samyang Foods jumped 19.07 percent to 1.18 million won (US$846), far outperforming the broader Korea Composite Stock Price Index (KOSPI), which ended up [...]

Elderly Self-Employment Surge Raises Alarm Over Korea’s Economic Stability

Elderly Self-Employment Surge Raises Alarm Over Korea’s Economic Stability

SEOUL, May 16 (Korea Bizwire) — South Korea’s rapidly increasing number of elderly self-employed workers—driven by baby boomer retirements and limited reemployment options—is emerging as a structural risk to the country’s financial stability and long-term economic growth, the Bank of Korea (BOK) said in a joint report with the Korea Development Institute (KDI) on Thursday. Released [...]

Majority of Koreans Support Holding Tobacco Firms Liable for Lung Cancer Costs, Survey Finds

Majority of Koreans Support Holding Tobacco Firms Liable for Lung Cancer Costs, Survey Finds

SEOUL, May 16 (Korea Bizwire)  — As South Korea’s National Health Insurance Service (NHIS) prepares for the final appeal hearing in its landmark ₩53.3 billion ($39 million) lawsuit against tobacco companies, a new survey shows that nearly two-thirds of Koreans believe cigarette makers should be held financially responsible for medical costs linked to lung cancer. The [...]

Majority of Americans View South Korean Investment as Beneficial to U.S. Economy, Survey Finds

Majority of Americans View South Korean Investment as Beneficial to U.S. Economy, Survey Finds

WASHINGTON, May 15 (Korea Bizwire) — A majority of Americans believe that investments by South Korean companies in the United States are beneficial to the U.S. economy, according to a recent poll released by the Korea Economic Institute of America (KEI), a Washington-based think tank. The survey, conducted by polling firm YouGov between December 17, 2024, and [...]