SEOUL, Dec. 26 (Korea Bizwire) — The South Korean musical industry, once hit directly by the pandemic, has gone beyond full recovery to a stage of robust growth. This year’s musical ticket sales had reached 398.4 billion won (US$311 million) as of Thursday, setting a new record after surpassing last year’s record of 234.6 billion [...]
SEOUL, Dec. 20 (Korea Bizwire) — The size of South Korea’s e-document market contracted slightly last year compared to a year ago, data showed Monday, as non-face-to-face documentation work increased sharply due to the COVID-19 pandemic. According to data released on Monday by the Ministry of Science and ICT and the Korea Internet & Security [...]
SEOUL, April 25 (Korea Bizwire) – The South Korean market of ice cream has seen growth in the last two years thanks to the spread of indoor activities in the pandemic era. The Korea Agro-Fisheries & Food Trade Corp. and industry tracker Euromonitor International reported that last year’s South Korean ice cream market was worth [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s lubricant oil consumption has remained stagnant for three years straight due to a shift in the nation’s car-buying trend towards eco-friendly vehicles. According to the Korea Lubricating Oil Industry Association, the nation’s lubricants consumption reached 976,000 kiloliters last year, up 4.6 percent from a year ago, but [...]
SEOUL, Jan. 3 (Korea Bizwire) — A recent analysis shows that South Korea’s fermented milk market is expected to continue to grow, led by an increasing number of consumers taking interest in health. The Korea Agro-fisheries & Food Trade Corp. and industry tracker Euromonitor reported that the country’s fermented milk market reached an aggregate value [...]
SEOUL, Dec. 20 (Korea Bizwire) – South Korea’s video game market expanded more than 20 percent on-year to rank fourth in the world last year on the back of stellar growth in online games, a report showed Monday. The country’s video game market posted 18.9 trillion won (US$15.9 billion) in sales last year, up 21.3 [...]
New York, Sept. 28 (Korea Bizwire) – According to the statistics by the International Energy Agency (IEA), the sales of electric cars in the year 2019 reached 2.1 Million, representing a share of 2.6% of global car sales. In addition, the fleet of electric cars in the same year added to 7.2 Million. Additionally, consumption of [...]
New York, Sept. 27 (Korea Bizwire) – According to the statistics by the World Health Organization (WHO), in the year 2019, around 17.9 Million people died from cardiovascular diseases (CVDs), which represented 32% of all global deaths. Further, according to the statistics by the International Osteoporosis Foundation (IOF), by the end of 2050, incidences of hip [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea’s bottled mineral water market is enjoying a boom thanks to an increase in household demand on the back of the prolonged ‘stay-at-home’ trend resulting from the COVID-19 pandemic. The first half sales of Jeju Samdasoo, a brand of mineral water produced by Jeju Province Development Corp. (JPDC), [...]
SEOUL, July 8 (Korea Bizwire) — A shrinking ice cream market caused by a low birthrate and the rise of alternative products is leading ice cream companies to tap into YouTube ads and subscription services to boost revenues. South Korea’s ice cream market shrank from 1.68 trillion won (US$1.47 billion) in 2018 to 1.53 trillion [...]