SEOUL, Jan. 10 (Korea Bizwire) — The online art auction market has expanded despite a slump in the overall art market. The Korea Arts Management Service reported that a total of 26,668 artworks were presented at the 192 on-and-offline auctions hosted by eight local auction houses in 2019, 16,867 of which were sold. The success [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korea’s market for fine art shrank 9.3 percent last year from a year earlier, registering the first decline in five years, data showed Tuesday. The data by the Korea Arts Management Service showed that the total value of transactions of artwork came to 448.2 billion won (US$387.2 million) [...]
SEOUL, Jul. 9 (Korea Bizwire) – South Korea was the world’s No. 2 heated tobacco market last year, and its growth will gather pace down the road, an industry tracker said Tuesday. The size of South Korea’s heat-not-burn electronic cigarette market reached US$1.67 billion last year, rising sharply from $453 million tallied in 2017, according [...]
SEOUL, Jun. 28 (Korea Bizwire) — A number of dogs that were on the verge of slaughter will live a new life after some merchants at Busan’s Gupo Dog Meat Market agreed with animal rights groups to close their businesses early. Korea Animal Rights Advocates (KARA), along with the Korean Animal Welfare Association, agreed with [...]
SEOUL, Jun. 24 (Korea Bizwire) — The sluggish food service industry in South Korea is eyeing the newly rising concession market. A concession refers to the service of providing food and beverages at a multi-purpose facility leased by a certain company. Hotels and restaurants run by a subcontractor and highway service stations are forms of [...]
DAMYANG, Jun. 24 (Korea Bizwire) — Animal groups are calling on authorities to put an end to animal transactions rampant in a traditional market located in Damyang County, South Jeolla Province. 24 animal groups across the country held a press conference at the market entrance on Saturday and delivered a joint statement. “Puppies, kittens, and [...]
SEOUL, Dec. 23 (Korea Bizwire) — The supply of artificial intelligence (AI) speakers in South Korea is expected to reach the 8-million unit mark in the new year as the devices gain popularity, a report by a local digital media lab said Sunday. According to the findings by KT Group affiliate Nasmedia Co., some 40 [...]
SEOUL, Dec. 12 (Korea Bizwire) — South Korea’s performing arts market, which includes musicals, plays and classical music, rebounded in 2017, apparently reflecting political and social stability after the presidential election in May that year, officials said Wednesday. According to data released by the Ministry of Culture, Sports and Tourism and the Korea Arts Management [...]
SEOUL, Oct. 28 (Korea Bizwire) — Import car sales that have been on a roll in recent years will probably fall short of this year’s initial sales target of 256,000 units, due to recalls and tightened exhaust regulations, industry sources said Sunday. The predictions came as total sales of foreign cars in the first nine [...]
SEOUL, Sept. 16 (Korea Bizwire) – Sales of city cars in South Korea decreased for the 20th month in a row as popularity for the small, practical vehicles decline amid rising demand for crossovers, industry data showed Sunday. The total number of mini urban haulers with an engine displacement of under 1,000 cc stood at [...]