HONG KONG SAR, May 6 (Korea Bizwire) – Almost 7 in 10 Asia Pacific consumers who have faced “food insecurity” at some point in their lives experienced it for the first time in recent months, according to new research. Food insecurity is defined as the lack of available financial resources for food at the household [...]
SEOUL, May 4 (Korea Bizwire) – Children are feeling less satisfied and are struggling more with anxiety and depression following the coronavirus outbreak. ChildFund Korea conducted a two-month study of 1,825 children and teenagers in October of last year, which showed that levels of life satisfaction among children and teens fell from 7.27 points out [...]
SEOUL, May 3 (Korea Bizwire) — With the popularity of small weddings on the rise amid the coronavirus pandemic, individual consumers are spending less on wedding-related items. Major online shopping mall Gmarket reported a 36 percent decrease in the average amount of spending on wedding-related goods between January 1 and April 27 compared to the [...]
SEOUL, April 30 (Korea Bizwire) — The South Korean market of functional foods is growing fast amid greater awareness of health amid the coronavirus pandemic, a report showed Friday. Sales of red ginseng and other health functional foods came to 4.9 trillion won (US$4.42 billion) in 2020, up 40 percent from four years earlier, according [...]
SEOUL, April 30 (Korea Bizwire) — With the COVID-19 pandemic putting restrictions on outdoor activities, the number of South Koreans who are having difficulty managing their weight is increasing. The Korean Society for the Study of Obesity (KOSSO) conducted a survey of 1,000 men and women over 20 years of age across the country to [...]
SEOUL, April 29 (Korea Bizwire) — With the prolonged COVID-19 outbreak resulting in restrictions on socializing, South Korea’s commercial property vacancy rate continues to rise. The vacancy rate of mid and large-sized commercial properties across the country averaged 13 percent in the first quarter of this year, up 0.6 percentage points from the previous quarter, [...]
SEOUL, April 25 (Korea Bizwire) — Cases of cyberbullying involving elementary to high school students increased sharply last year as the new coronavirus pandemic turned many classes online, a survey showed Sunday. According to the survey released by the Blue Tree Foundation, cyberbullying accounted for 16.3 percent of all school bullying cases experienced by respondents [...]
SEOUL, April 22 (Korea Bizwire) — South Korean women have suffered employment strains more than men amid the pandemic as job posts in the in-person service segment, hard hit by the virus outbreak, sharply eroded, a report showed Thursday. The COVID-19 pandemic has dealt a severe blow to married women in the labor force, compared [...]
SEOUL, April 22 (Korea Bizwire) — Having had a highly frustrating year without her yearly regenerative trips to famous overseas tourism spots due to the COVID-19 pandemic, 39-year-old office worker Kim Hyun-joo decided it’s time to chill out and splurge a bit. One weekend this April, she went on a tour of an upscale shopping [...]
SEOUL, April 21 (Korea Bizwire) — The number of employees in the food service segment declined by the most in the May-October period of last year due to the fallout of the pandemic, data showed Wednesday. The number of people employed at restaurants and eateries reached 1.54 million in the cited period, 179,000 fewer than [...]