SEOUL, Aug. 23 (Korea Bizwire) — Nearly a third of South Korean retail investors using mobile trading apps have experienced system failures or access disruptions, raising concerns about reliability in a market where split-second timing can determine profits and losses. According to a survey released Friday by the Korea Consumer Agency, 59 percent of respondents [...]
SEOUL, April 8 (Korea Bizwire) — Most consumers believe that the quality comparison information of a product has a significant impact on product selection, a recent survey showed Tuesday. The Korea Consumer Agency (KCA) conducted a survey of 600 consumers who have utilized quality comparison information. As a result, 94.1 percent of the respondents said [...]
SEOUL, Jan. 15 (Korea Bizwire) — The Korea Consumer Agency has revealed that clothes dryers available in the market vary significantly in terms of price and performance, warning customers to make an informed decision when purchasing a clothes dryer. There were even some cases where a clothes dryer manufactured by a famous foreign company was [...]
CHUNCHEON, Dec. 8 (Korea Bizwire) — A series of reports of allergic reactions following the consumption of edible insects have raised concern over a food source that is expected to be of significant importance in the future. According to a survey conducted by the Korea Consumer Agency with a sample of 500 respondents, 46 people [...]
SEOUL, Nov. 14 (Korea Bizwire) – South Koreans’ satisfaction with their consumer life rose compared to two years ago on the back of improvements in key sectors such as food and clothing, a poll showed Tuesday. The index gauging consumer satisfaction rose 12.8 points from 63.8 in 2015 to 76.6 this year, according to the [...]
SEOUL, Aug. 31 (Korea Bizwire) – An average wedding in South Korea costs nearly 46 million won (US$40,000), excluding the price of buying or renting a home, a survey showed Thursday, with more people opting for smaller ceremonies. Of the 45.9 million won total, the proportion spent on essential items like home furnishings accounted for [...]
SEOUL/CHEONGJU, Aug. 10 (Korea Bizwire) — A hamburger from McDonald’s was found to have an excessive level of a bacteria known to cause food poisoning, a local consumer agency said Thursday, as the U.S. fast-food giant is facing troubles here with a series of complaints filed over its patties. After conducting a survey on the [...]
CHUNGJU, South Korea, Aug. 10 (Korea Bizwire) – A regional court on Thursday dismissed an injunction request filed by the local unit of McDonalds seeking to stop the disclosure of a consumer report on hamburger patties, amid controversy over allegations that it served undercooked meat and caused some kids to get sick. The Korea Consumer [...]
SEOUL, Aug. 9 (Korea Bizwire) — The number of complaints filed by South Korean consumers who made purchases via foreign online shopping malls increased 46.4 percent in the first half of this year, as more people bought goods directly from overseas sellers attracted by cheaper prices and diversity, data showed Wednesday. The number of complaints [...]
SEOUL, Jul. 14 (Korea Bizwire) — Data from a consumer watchdog has revealed shocking findings that around six in ten misdiagnosis cases in South Korea involve cancer, which could lead to delayed treatment putting patient lives at risk. According to the data based on over 600 complaints filed with the Korea Consumer Agency (KCA) from [...]