SEOUL, May 1 (Korea Bizwire) — As grocery shopping through major retailers’ mobile shopping platforms is becoming a normal practice among Koreans, women in their forties are increasingly using mobile devices to buy their groceries. According to the Ticket Monster social commerce site, 73 percent of the company’s female customers made purchases through the company’s [...]
SEJONG, May 1 (Korea Bizwire) — According to Statistics Korea, 49.5 percent of the 18,945,000 paid workers in Korea earned less than 2 million won (US$ 1,862) per month in 2014, while 12.3 percent earn more than 4 million won (US$ 3,724). Specialized and scientific workers, and financiers and insurance workers were the most likely [...]
SEOUL, Apr. 30 (Korea Bizwire) — Samsung Electronics Co. has suffered another setback in the fast-growing Chinese smartphone market this year in the face of heated competition, with its standing slipping by one notch to become the No. 4 smartphone seller in the first quarter of this year, data showed Thursday. China-based Huawei Technologies Co. [...]
SEOUL, Apr. 29 (Korea Bizwire) — Single Koreans in their twenties and thirties revealed what they think is the most useless consumption among Koreans of the opposite sex. According to a survey conducted by DUO on 531 single Koreans from April 20 to 27, 25.8 percent of Korean men said that women’s expenditures on snack foods [...]
SEJONG, Apr. 28 (Korea Bizwire) — Suicide was the No. 1 cause of death among teens and young people in South Korea in 2013, with the suicide rate rising over the past decade, a report showed Tuesday. According to the report by Statistics Korea, suicide was the leading cause of death among those aged 9-24 [...]
SEOUL, Apr. 24 (Korea Bizwire) — Seven out of ten mobile device users have purchased a product more than once through one-click mobile payment systems in the last six months. According to a report by DMC Media, a digital advertising company, 72.1 percent of 948 mobile device users polled have used one-click payment services which [...]
SEOUL, Apr. 23 (Korea Bizwire) — South Korean companies’ revenues declined at a record annual pace in 2014 as the firmer local currency and weak oil prices worked to lower export prices and reduce overseas sales, central bank data showed Thursday. Combined sales at 1,536 listed firms and 195 non-listed key companies sank 1.5 percent [...]
SEJONG, Apr. 23 (Korea Bizwire) — The number of South Koreans tying the knot fell for the third straight year in 2014, mainly due to fewer people in the marriageable age, government data showed Thursday. According to the data by Statistics Korea, the number of marriages stood at 305,507 last year, down 5.4 percent from [...]
SEOUL, Apr. 23 (Korea Bizwire) — Korean and German researchers have found out that resveratrol, an anti-oxidizing substance, is effective in improving acne conditions. On April 22, a research group led by professor Kim Beom-Jun at Chung-Ang University Hospital said that the team and German researchers have proved that resveratrol, which can be found in red wine [...]
SEOUL, Apr. 23 (Korea Bizwire) — Korean investors are more likely to expect returns in the early stages of their investments than investors in other countries. According to an online survey conducted by Franklin Templeton Investments on 11,508 investors from 23 countries, 81 percent of the Koreans polled answered that they expect their investments to [...]