SEOUL, Jan. 3 (Korea Bizwire) — As people are getting used to the everyday life of the pandemic era, many celebrated the new year quietly at home. With end-of-year parties and other festivities out of the picture, many chose to stay at home alone or engage in online gatherings. A 26-year-old jobseeker surnamed Park joined [...]
SEOUL, Nov. 24 (Korea Bizwire) — As people continue to stay indoors in the pandemic era, South Koreans have increasingly become used to so-called homewear, home cooking and going to convenience stores near home. Shinhan Card Co., a major credit card company, compared the monthly usage of cards in early 2019, prior to the pandemic [...]
SEOUL, Sept. 30 (Korea Bizwire) — Over the last three years, an increasing number of South Koreans in their 20s and 30s are borrowing money to pay for more than half of cost of their housing. Rep. Kang Jun-hyeon of the ruling Democratic Party compiled and analyzed more than 1.2 million funding plans submitted between [...]
SEOUL, Aug. 5 (Korea Bizwire) — With South Koreans spending more time at home due to tightened social distancing rules resulting from the COVID-19 pandemic, a growing number are replacing furniture and home decor with premium alternatives. The nation’s imports of lamps and lighting fixtures amounted to US$359.4 million in the first half of this [...]
SEOUL, Aug. 3 (Korea Bizwire) — A recent survey has revealed that the vast majority of South Korean adults are now drinking at home following the onset of the coronavirus pandemic. Lotte Members Co., a membership service unit of retail conglomerate Lotte Group, conducted a survey of 2,000 men and women, 83.6 percent of whom [...]
SEOUL, June 23 (Korea Bizwire) — The average sales price of apartments in Seoul has nearly doubled under the Moon Jae-in government, a civic group said Wednesday. The Citizens’ Coalition for Economic Justice announced the results of its study that has tracked the prices of 115,000 units in 75 apartment complexes since President Moon took [...]
SEOUL, March 16 (Korea Bizwire) — The South Korean beer market is once again thriving, with the coronavirus prompting many consumers to drink at home instead of at bars. Market research firm Nielsen Korea reported that beer sales at convenience stores and other retailers, excluding the entertainment market, reached 816 million liters, up by 9.6 [...]
DAEGU, Feb. 4 (Korea Bizwire) — In the first month of this year, the retail industry in the southeastern city of Daegu saw sales of safes for home use jump sharply. Lotte Department Store’s Daegu Branch saw sales of safes for home use rise by 35.7 percent in January compared to a year ago, while [...]
SEOUL, Dec. 29 (Korea Bizwire) — Lee Min-hyung, a 27-year-old graduate student, started a new hobby this year – taking pictures of the food he made in his rented room and uploading them to social media. After the onset of the COVID-19 pandemic, he has refrained from eating out and instead decided to cook food [...]
SEOUL, Dec. 24 (Korea Bizwire) — More than 7 in 10 millennials believe buying a home is necessary, but most don’t have high enough incomes to do so, a recent study showed. Mirae Asset Investment and Pension Center conducted a nationwide survey of 700 men and women between 25 and 39 years of age, 70.6 percent [...]