SEOUL, Aug. 11 (Korea Bizwire) — South Korea is suffering from the worst wave of the coronavirus pandemic despite tough restrictions across the country as more contagious variants are fast spreading amid the lagging vaccination drive, putting the country’s virus battle in jeopardy. New cases have rapidly risen across the nation since early July, surging [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Koreans’ interest in money-making strategies and health food rather than travel increased sharply after the outbreak of the COVID-19 pandemic, a survey showed Monday. According to a survey conducted by a travel platform operator Yanolja of 1,344 customers in their 20s to 40s, the share of the respondents [...]
SEOUL, Aug. 8 (Korea Bizwire) — The South Korean economy is facing heightened uncertainty as the recovery of domestic demand is likely to slow amid a recent spike in COVID-19 cases, a state-run think tank said Sunday. Asia’s fourth-largest economy is on a recovery track amid solid exports, but the toughest-ever virus curbs, in effect [...]
SEOUL, Aug. 5 (Korea Bizwire) — Thousands of pubs and karaoke bars have disappeared across South Korea over the past year due to tough social distancing rules resulting from the COVID-19 pandemic. The number of pubs registered across the country as of the end of May totaled 27,840, down 11.6 percent or 3,636 compared to [...]
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, Aug. 3 (Korea Bizwire) — The number of Seoulites who took a summer vacation last year almost halved compared to the 2019 level, primarily due to the aftereffects of the COVID-19 pandemic. The Ministry of Culture, Sports and Tourism conducted a survey of 1,931 Seoul citizens aged over 15 years of age, in which [...]
SEOUL, July 30 (Korea Bizwire) — For Kwon Ji-young, a 41-year-old office worker, traveling overseas has been an annual ritual that allows her to completely take a break from the heavy workload of her daily life. But since she canceled her planned 10-day trip to Austria in April last year due to the COVID-19 pandemic, [...]
SEOUL, July 29 (Korea Bizwire) — When it comes to college students, the effects of the COVID-19 pandemic have been felt hardest by freshmen and sophomores — some of whom have never met their classmates, let alone gone to a school festival. One 20-year-old student at Incheon National University, west of Seoul, said he has [...]
SEOUL, July 23 (Korea Bizwire) — Despite the opening of the Tokyo Olympics right around the corner, Olympic marketing activities in the South Korean restaurant and food and beverage industries remain uncharacteristically tepid. This reflects that the sentiment that Olympic fever is not as strong as in the past due to the pandemic. Coca-Cola Beverage [...]