South Koreans' tendency Archives

S. Korea’s Arms Sales Grow 25 Pct to $3.19 Bln in 2017

SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s exports of weapons jumped to US$3.19 billion last year amid efforts to diversify products, customers and marketing methods, the country’s state arms agency said Monday. It represents a 25 percent increase from $2.55 billion posted in 2016, according to the Defense Acquisition Program Administration (DAPA). It’s unusual [...]

Koreans Comparing Themselves with Others Vulnerable to Conspicuous Consumption

SEOUL, Aug. 14 (Korea Bizwire) – A report published by the Korea Development Institute found that those who are likely to compare themselves with other people are vulnerable to conspicuous consumption and have less satisfaction with their life. But this tendency could also make them donate more as a way to show off their generosity. The [...]