SEOUL, Apr. 11 (Korea Bizwire) — South Korea’s domestic cereal bar market grew 19.6 percent on-year in 2017 amid a rapid increase of the number of single-person households, a report showed Wednesday. The market size for cereal bars was estimated at around 49 billion won (US$46 million) last year, Dongsuh Foods Corp. said, citing a [...]
SEOUL, Feb. 1 (Korea Bizwire) — Yonhap News TV remained the most-watched cable news channel in South Korea for the 12th consecutive month in January, marketing researching firms said Thursday. The 24-hour all-news TV channel affiliated with Yonhap News Agency, South Korea’s key newswire service, posted an average viewership of 1.012 percent last month, retaining [...]
SEOUL, Jan. 9 (Korea Bizwire) — Applications for mobile payments and money transfers marked the biggest growth in the smartphone app market last year, data provided by Nielsen Korea showed Tuesday. Five of the top 10 apps from January to November last year were those referred to as fintech, short for financial technology, apps. Toss, [...]
SEOUL, Dec. 6 (Korea Bizwire) – Quick and easy to prepare microwavable meals, also called home meal replacements, are particularly popular among those in their 20s and 30s, research has found. Instant rice like food company CJ’s Hetbahn and frozen dumplings were the two meal replacements most searched for on the Naver search engine’s shopping [...]
SEOUL, May 26 (Korea Bizwire) – South Korean salaried workers spend nearly 70 percent of their monthly income on average, according to a new report from Nielsen Korea. The newly published Nielsen report, which was conducted with the participation of 1,000 individuals aged between 19 and 70 last month, revealed South Koreans spend on average 67 [...]
SEOUL, Jan. 15 (Korea Bizwire) — WeMakePrice, a Korean social commerce company, is suffering a major setback from a decrease in sales, web traffic and online subscribers, thought to be caused by the recent controversy over the company’s firing and re-hiring of 11 merchandising assistants. According to a weekly report by Nielsen Korea on January 14, the [...]