SEOUL, Aug. 5 (Korea Bizwire) — To become a winner in the future insurance market, traditional insurance companies and big tech firms are competing fiercely with a focus on dominating the service ecosystem in the health and mobility areas. In a report released on Wednesday, the Korea Insurance Research Institute said that the competitive edge [...]
SEOUL, July 27 (Korea Bizwire) — As the size of South Korea’s online fashion market expands, competition is heating up among major players to get the upper hand. Most of the nation’s online retailers specializing in fashion registered more than double-digit growth in transaction volume in the first half of this year, according to industry [...]
SEOUL, June 18 (Korea Bizwire) — Kim Hyun-seop buys a lottery ticket once in a while, hoping to get on the fast track to his dream: buying a decent home in Seoul. The 40-year-old office worker commutes from an apartment in Ilsan in northern Gyeonggi Province to the Gangnam district in southern Seoul, which takes [...]
SEOUL, April 19 (Korea Bizwire) — The growing popularity of K-pop in Britain is prompting fans to go beyond singing and dancing to write lyrics in the Korean language. The Korean Cultural Center UK said Sunday that it will host a competition for K-pop lyrics and album design as a promotion for the Korean Wave. [...]
SEOUL, Feb. 14 (Korea Bizwire) — Spotify Technology SA, which opened its service in South Korea early this month, is expected to face fierce competition in the music streaming market currently dominated by local players. While the Swedish company is one of the top audio streaming services in the world, with 345 million users across [...]
SEOUL, Nov. 23 (Korea Bizwire) — Amid the expansion of the delivery service market resulting from the spread of the COVID-19 pandemic, competition is heating up among South Korean delivery apps to speed up their delivery services. To this end, major delivery apps are doubling efforts to recruit enough delivery drivers. In August, the nation’s [...]
SEOUL, May 26 (Korea Bizewire) — South Korea’s telecommunications market dominated by three major firms lacks competition and needs to improve its structure to provide better services to consumers, a state-run think tank said Tuesday. The Korea Information Society Development Institute (KISDI) said although competition in the local telecom market, viewed as an oligopoly, has [...]
HADONG, Sept. 25 (Korea Bizwire) — A colossal pumpkin weighing 177 kilograms has been announced as the winning entry in a South Korean competition. The pumpkin won the grand prize at the 4th Super Pumpkin Competition in Hadong County, South Gyeongsang Province, where participants are awarded for the biggest pumpkin of the year. The super [...]
SEOUL, Nov. 23 (Korea Bizwire) — Managers of brick and mortar cosmetics shops are taking to the streets amid cutthroat competition with online stores. Some twenty managers staged a rally in front of the LG office building in Gwanghwamun on Thursday, complaining that online price competition is making their business intolerably difficult. “We want to [...]
SEOUL, Aug. 9 (Korea Bizwire) — The Seoul Metropolitan Government said that it will be holding the Hangang Paper Boat Competition between August 10 and 12, in which competitors get a chance to race paper boats on the Han River. Participants will create their own paper boats with cardboard and then race against other contestants. [...]