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Online Credit Card Spending Jumps 22 pct on Virus in March

Online Credit Card Spending Jumps 22 pct on Virus in March

SEOUL, April 10 (Korea Bizwire) — Online credit card spending in South Korea soared more than 22 percent in March, as consumers avoided going out due to the spread of the novel coronavirus, data showed Friday. Online credit card purchases approved by the country’s eight card firms — Shinhan, Samsung, KB Kookmin, Hyundai, BC, Lotte, [...]

Electronic Wristbands Needed to Trace People Under Self-quarantine

Electronic Wristbands Needed to Trace People Under Self-quarantine

SEOUL, April 9 (Korea Bizwire) — Most South Koreans believe that it’s necessary to use electronic wristbands to keep track of those under self-quarantine as the country aggressively moves to curb the spread of the novel coronavirus, opinion polls showed Thursday. In a survey of 1,000 adults nationwide, commissioned by the Ministry of Culture, Sports [...]

Tourism Sector Reels from New Coronavirus Outbreak in February

Tourism Sector Reels from New Coronavirus Outbreak in February

SEOUL, April 9 (Korea Bizwire) — South Korea’s tourism industry took a big hit from the novel coronavirus in February due to a reduction in both inbound and outbound tourism, industry data showed Thursday. Asia’s fourth-largest economy registered a tourism deficit of US$365.2 million in February, down from $927.6 million the previous month, according to [...]

Poll Finds Widespread Support for Social Distancing

Poll Finds Widespread Support for Social Distancing

SEOUL, April 8 (Korea Bizwire) — Most South Koreans support the social distancing campaign to fend off the coronavirus, though three in 10 feel its side effects, a poll showed Wednesday. The survey by the Asian Citizen’s Center for Environment and Health, a nongovernmental organization, also found citizens in an overwhelming number are positive toward [...]

S. Korean Streaming Service Market Grows 32.7 pct in 2019

S. Korean Streaming Service Market Grows 32.7 pct in 2019

SEOUL, April 6 (Korea Bizwire) — The South Korean online movie streaming service market expanded 32.7 percent last year from a year earlier on the back of rising demand for binge-watchable mobile platforms, a report showed Monday. According to the annual report published by the Korean Film Council (KOFIC), the total revenue of the over-the-top [...]