consumer demand Archives | Be Korea-savvy

Consumer Demand Lifts Output as Construction Weighs on Recovery

SEOUL, Dec. 8 (Korea Bizwire) — South Korea’s economy is showing signs of a modest recovery in industrial activity, supported by improving domestic consumption, even as a prolonged construction slump continues to weigh on output, the Korea Development Institute said Monday. “Construction has remained subdued for an extended period, but consumption has strengthened as interest-rate reductions [...]

Make-to-Order Strategy Gains Popularity Among IT Startups

SEOUL, April 20 (Korea Bizwire) — More businesses in the IT and startup industry are opting to check consumer demand first before manufacturing products and services as the number of active consumers is on the increase. This way, businesses can effectively reduce the risk of failure and minimize opportunity costs. Class 101, an online education [...]