SEOUL, May 29 (Korea Bizwire) – The use of so-called will testamentary trusts is rapidly gaining popularity in South Korea as more people seek ways to manage their inheritance and prevent conflicts among family members after their death. According to data from South Korean banks, the balance of will testamentary trusts held by the nation’s five [...]
SEOUL, May 29 (Korea Bizwire) – Where do young adults in Seoul most frequently dine out on weekends? According to an analysis by the Shinhan Card Big Data Research Institute, the trendy district of Mapo has overtaken the city’s traditional downtown as the prime weekend dining destination for those in their 20s. From 2019 through last [...]
SEOUL, May 24 (Korea Bizwire) – In a striking shift in South Korea’s social media landscape, Instagram has emerged as the dominant platform, surpassing the once-formidable giants Naver and Kakao, according to a recent report by the Korea Information Society Development Institute (KISDI). The report, titled “Social Media Usage by Generation,” revealed that nearly half (48.6%) [...]
SEOUL, May 23 (Korea Bizwire) – As young people grapple with the enduring footprint of their digital pasts, South Korea’s “Eraser Service” has emerged as a lifeline, enabling them to scrub embarrassing posts and personal information from the internet. The service, launched last year as a pilot program and now in full operation by the Personal [...]
SEOUL, May 23 (Korea Bizwire) – South Koreans are feeling the pinch with major chicken franchises raising prices, bringing the era of the 30,000-won chicken bucket closer to reality – a scenario foreshadowed by BBQ Group’s chairman Yoon Hong-geun back in 2022. With dining costs already soaring, more consumers are exploring cost-effective ways to satisfy their [...]
SEOUL, May 22 (Korea Bizwire) – As economic headwinds stir up demand for safe-haven assets, convenience stores in South Korea are seeing a surge of younger buyers snapping up affordable, bite-sized gold bars, underscoring the appeal of the precious metal as a compact investment during turbulent times. Convenience store operators say sales of card-sized gold bars [...]
SEOUL, May 22 (Korea Bizwire) – The Kia Carnival minivan, once renowned as the quintessential family vehicle for road trips and camping, took the top spot for corporate vehicle registrations in South Korea during the first quarter of 2024. This marks the first time the Carnival has claimed the number one position on a quarterly basis. [...]
SEOUL, May 20 (Korea Bizwire) –As health-conscious consumers grow in numbers, zero-calorie drinks have surpassed 50 percent of carbonated beverage sales at convenience stores in South Korea. GS25, a major convenience store chain, announced on May 21 that from January to April of this year, zero-calorie drinks accounted for 52.3 percent of its total carbonated [...]
DAEGU, May 20 (Korea Bizwire) – As unsold apartments pile up in Daegu, conflicts are intensifying between early buyers who paid premium prices and later buyers who secured units at significant discounts. The situation has reached a boiling point, with existing homeowners blocking apartment complexes to prevent discounted buyers from moving in. Residents of Villiv [...]
SEOUL, May 17 (Korea Bizwire) – Samsung Electronics announced on May 16 that it is introducing a ‘Gift Funding’ campaign to cater to consumers who desire practical gifts for special occasions. Building upon last year’s successful ‘Bespoke Wedding Funding’ initiative targeted at engaged couples, the company has expanded the scope to encompass a broader range of [...]