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Insurance Firms Release New Products Associated with Health Management

Insurance Firms Release New Products Associated with Health Management

SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s major insurance companies are releasing a string of new insurance products associated with health management, based on expectations that their long-term profits will increase if customers are healthier and require less treatment for diseases and other health issues. KB Insurance Co., for example, released a special contract [...]

‘Recession-Type’ Credit Cards Enjoy Rising Popularity amid Prolonged COVID-19 Pandemic

‘Recession-Type’ Credit Cards Enjoy Rising Popularity amid Prolonged COVID-19 Pandemic

SEOUL, Dec. 8 (Korea Bizwire) — Amid dampened consumer sentiment caused by the COVID-19 pandemic, ‘recession-type’ credit cards that offer generous rewards in return for a low annual fee and minimal usage record are enjoying rising popularity. According to the credit card comparison website CardGorilla, half of the 10 most popular credit cards among those [...]

Consumers Spend Most on Pet Care Products

Consumers Spend Most on Pet Care Products

SEOUL, Oct. 30 (Korea Bizwire) — Statistics from several online retail stores have revealed that consumers spend more on pet care products than other goods. Market Kurly, an online grocery delivery platform, said Thursday the average value of each order for pet care items between January and October 26 was 36 percent higher than the [...]

Waste Plastic Bottles Recycled into Quality Consumer Products

Waste Plastic Bottles Recycled into Quality Consumer Products

SEOUL, June 23 (Korea Bizwire) — Recycled transparent plastic bottles have been reborn as various high-quality products, such as clothing, bags and cosmetic bottles, under the government’s new waste recycling policy, the Ministry of Environment said Tuesday. Under the recycling policy that went into effect in February this year, discarded transparent plastic bottles have been [...]

Homebound S. Koreans Embrace “Slow Life” Products

Homebound S. Koreans Embrace “Slow Life” Products

SEOUL, May 13 (Korea Bizwire) — As the coronavirus outbreak drags on, a growing number of South Koreans are choosing to stay at home, growing fresh produce themselves and taking advantage of the moment to experiment with time-consuming food preparation. According to WeMakePrice Inc., a local open market operator, sales of seedlings increased significantly in [...]

Popularity of Home Entertainment Surges Amidst Coronavirus Pandemic

Popularity of Home Entertainment Surges Amidst Coronavirus Pandemic

SEOUL, April 16 (Korea Bizwire) — As more and more people are spending time at home in the aftermath of the new coronavirus outbreak, sales of products related to activities that can be done at home, such as cooking and brewing coffee, are increasing. SSG.Com, the online shopping unit of retail conglomerate Shinsegae, analyzed sales [...]

Businesses Introduce Products, Services to Overcome ‘Corona Blues’

Businesses Introduce Products, Services to Overcome ‘Corona Blues’

SEOUL, March 20 (Korea Bizwire) — A growing number of South Koreans are becoming depressed as they suffer from the effects of the so-called ‘corona blues,’ a depressive phenomenon caused by a lack of outdoor activities due to the coronavirus outbreak. The ‘corona blues’ refers to a depressive symptom for staying indoors for too long. [...]

Sales of Pet Products Skyrocket

Sales of Pet Products Skyrocket

SEOUL, Jan. 28 (Korea Bizwire) — With more households raising pets as if they were children, the pet product market is expanding rapidly. Online shopping mall Gmarket said Monday that its sales of pet products rose 10 percent last year compared to three years ago. Not only did sales increase, but the variety of products [...]