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Netflix Cooking Show Sparks Surge in Kitchen Equipment Sales in South Korea

Netflix Cooking Show Sparks Surge in Kitchen Equipment Sales in South Korea

SEOUL, Oct. 21 (Korea Bizwire) – The popularity of Netflix’s cooking competition show “Culinary Class Wars” has ignited a boom in home cooking equipment sales in South Korea, according to recent data from a major e-commerce platform.  Gmarket, an online marketplace owned by Shinsegae Group, reported on October 20 that sales of kitchen-related items have skyrocketed [...]

Samsung Reports Surge in Ultra-Large TV Sales, Reflecting Changing Consumer Preferences

Samsung Reports Surge in Ultra-Large TV Sales, Reflecting Changing Consumer Preferences

SEOUL, Oct. 21 (Korea Bizwire) – Samsung Electronics has reported a significant increase in sales of its ultra-large televisions, indicating a shift in consumer preferences towards bigger screens regardless of living space constraints.  According to data released by Samsung on October 20, sales of TVs 80 inches and larger have grown by approximately 15% in the [...]

Transit Data Tops List of Most Accessed Public Information in Seoul

Transit Data Tops List of Most Accessed Public Information in Seoul

SEOUL, Oct. 16 (Korea Bizwire) – Transportation-related information, particularly subway data, has emerged as the most sought-after public dataset among Seoul residents, according to a report released October 15 by the Seoul Digital Foundation.  The report, titled “Seoul Public Data in My Hand,” provides insights into how citizens are engaging with the city’s open data initiative. [...]

Shared Accommodation Revenue Soars in South Korea, Driven by Millennials and Gen Z

Shared Accommodation Revenue Soars in South Korea, Driven by Millennials and Gen Z

SEOUL, Oct. 15 (Korea Bizwire) – Revenue from shared accommodation in South Korea has increased more than tenfold over the past three years, with nearly half of the total income generated by individuals in their 20s and 30s, according to a recent analysis of National Tax Service data. Representative Cha Gyu-geun of the Rebuilding Korea Party [...]

Survey Reveals Growing Interest in Marriage and Parenthood Among Young South Koreans Amid Birth Rate Crisis

Survey Reveals Growing Interest in Marriage and Parenthood Among Young South Koreans Amid Birth Rate Crisis

SEOUL, Oct. 15 (Korea Bizwire) – Amidst growing concerns over South Korea’s critically low birth rate, a recent survey reveals a significant increase in marriage and childbirth intentions among people in their 20s and 30s, offering a glimmer of hope for the country’s demographic challenges. The Presidential Committee on Ageing Society and Population Policy released the [...]

Digital Therapeutics and ‘Electronic Medicine’ Gain Traction in South Korea

Digital Therapeutics and ‘Electronic Medicine’ Gain Traction in South Korea

SEOUL, Oct. 7 (Korea Bizwire) – In an era of rapid technological advancement, South Korean medical professionals are increasingly turning to digital therapeutics and so-called “electronic medicine” to treat and manage various health conditions without traditional pharmaceuticals. Last month, Dr. Kang Dong-wha, a neurologist at Seoul Asan Hospital, prescribed a digital therapeutic device called VIVID Brain to [...]

South Koreans Lead in Tech Adoption, Yet Harbor Deep Anxieties About AI in the Workplace

South Koreans Lead in Tech Adoption, Yet Harbor Deep Anxieties About AI in the Workplace

SEOUL, Oct. 4 (Korea Bizwire) – In a striking paradox, South Korea, a global leader in digital infrastructure and artificial intelligence (AI) adoption, is grappling with widespread worker anxiety about the impact of AI on job security, according to a recent international study.  The report, released by researchers Cheong Se-jeong and Shin Young-kyu from the Korea [...]

Genesis GV80 Defies Odds: Luxury SUV Sales Outpace Lower-Priced Rivals in South Korea

Genesis GV80 Defies Odds: Luxury SUV Sales Outpace Lower-Priced Rivals in South Korea

SEOUL, Oct. 4 (Korea Bizwire) – Sales of the Genesis GV80, a luxury SUV from Hyundai Motor’s premium brand, are surging despite its hefty price tag. The vehicle’s sales figures are outpacing those of its more affordable counterpart, the Hyundai Palisade, showcasing the growing appetite for luxury vehicles in the South Korean market. According to Hyundai [...]

Coupang’s User Base Grows Despite Membership Fee Hike

Coupang’s User Base Grows Despite Membership Fee Hike

SEOUL, Oct. 4 (Korea Bizwire) – Coupang, the South Korean e-commerce giant, has seen an increase in its user base despite raising its membership fees. This development challenges predictions of a mass exodus from the platform and underscores the company’s strong market position in a fiercely competitive landscape.  According to data from WiseApp, Coupang’s monthly active [...]

South Korean Consumers Spend 480,000 Won Annually on Subscription Services, Study Finds

South Korean Consumers Spend 480,000 Won Annually on Subscription Services, Study Finds

SEOUL, Oct. 3 (Korea Bizwire) – South Korean consumers are spending close to 500,000 won per year on subscription services, according to a new report released on October 2.  The “Subscription Wars 2024″ report, presented by the British subscription bundling and payment company Bango at the M360 APAC conference in Seoul, reveals that South Korean consumers [...]