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Universities Introduce 1,000-won Breakfasts amid Surge in Consumer Prices

Universities Introduce 1,000-won Breakfasts amid Surge in Consumer Prices

SEOUL, March 16 (Korea Bizwire) — A number of universities are offering breakfast at an affordable price as consumer prices continue to rise. Kyung Hee University has been selling breakfasts for 1,000 won (US$0.76) to 100 people on a first-come, first-serve basis, since Monday. Seoul National University, Korea University, Sungkyunkwan University and Kangwon National University [...]

Consumers Cut Spending amid High Interest Rates and High Inflation

Consumers Cut Spending amid High Interest Rates and High Inflation

SEOUL, March 15 (Korea Bizwire) — Impacted by high interest rates, high inflation and a stagnant job market, South Korea’s consumption has been on a downward trend since the autumn of 2022. According to data from Statistics Korea, the nation’s seasonally adjusted retail sales index stood at 103.9 in January, down 5.03 percentage points compared [...]

COVID-19 Leads to Increase in Number of Unskilled Laborers and Decrease in Number of Sales Workers

COVID-19 Leads to Increase in Number of Unskilled Laborers and Decrease in Number of Sales Workers

SEOUL, March 15 (Korea Bizwire) — The outbreak of the COVID-19 led to a sharp increase in the number of unskilled laborers such as delivery workers and a decrease in the number of sales workers. The number of unskilled laborers such as food delivery workers and building cleaners was about 4.1 million last year, up [...]

Korean Dramas ‘The Glory’, ‘Crash Course in Romance’ Spur Fashion Sales

Korean Dramas ‘The Glory’, ‘Crash Course in Romance’ Spur Fashion Sales

SEOUL, March 14 (Korea Bizwire) — A number of popular Korean TV series including Netflix’s “The Glory” and the tvN series “Crash Course in Romance” are garnering attention for their fashion design. Park Yeon-jin, one of the high-school bullies in “The Glory” who works as a weather reporter as an adult, made waves with a [...]