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Webtoon-Based Dramas Have Higher Viewership in Crime, Thriller and Mystery Genres

Webtoon-Based Dramas Have Higher Viewership in Crime, Thriller and Mystery Genres

SEOUL, Oct. 4 (Korea Bizwire) – Among the recent popular dramas, from ‘Moving’ to ‘Mask Girl,’ it’s difficult to find ones that are not based on webtoons.  The term ‘webtoon original’ has become so common that jokes are being made, suggesting the need for a specific term like ‘drama original.’ Against this backdrop, a recent study [...]

Jeju Expands ‘Beach Adoption’ Program for Businesses and Organizations

Jeju Expands ‘Beach Adoption’ Program for Businesses and Organizations

SEOUL, Oct. 4 (Korea Bizwire) – The Jeju Self-governing Provincial Government announced on Sunday its plan to expand its ‘Beach Adoption’ program, allowing businesses and organizations to adopt specific beaches and take the lead in environmental cleanup efforts. The ‘Beach Adoption’ program was established to empower businesses, organizations and schools to take charge of particular beaches, [...]

‘Post-Chuseok’ Marketing Competition Heats Up Among Department Stores

‘Post-Chuseok’ Marketing Competition Heats Up Among Department Stores

SEOUL, Oct. 4 (Korea Bizwire) – South Korea’s major department stores are showcasing a variety of ‘post-Chuseok’ marketing strategies, targeting shopping demand after the Chuseok holiday.  Lotte Department Store announced on Tuesday that it will host the ‘Family Bookcance Event’ at the rooftop park of the culture center at its Cheongnyangni outlet on October 7. Hammocks, [...]

New Orders for Offshore Plants and Tankers on Rise Amid High Oil Prices

New Orders for Offshore Plants and Tankers on Rise Amid High Oil Prices

SEOUL, Oct. 4 (Korea Bizwire) – As international oil prices continue to soar due to the extension of oil production cuts by Saudi Arabia and Russia, offshore platforms drilling for oil and gas stored beneath the sea and tankers for transport are coming into the spotlight. According to Clarkson Research, a U.K.-based specialist in analyzing shipbuilding [...]

Book Spending by Young Households Dips Below 10,000 Won a Month for the First Time

Book Spending by Young Households Dips Below 10,000 Won a Month for the First Time

SEOUL, Oct. 3 (Korea Bizwire) –The average monthly expenditure on books by households in their 20s and 30s has dropped below 10,000 won for the first time, marking a significant shift in spending habits. To put this into perspective, it’s interesting to note that the average cost of a lunch for an office worker this [...]

2023 Sees Surge in Insider Stock Ownership Among Conglomerates

2023 Sees Surge in Insider Stock Ownership Among Conglomerates

SEOUL, Oct. 3 (Korea Bizwire) – Insider stock ownership at South Korea’s family-run conglomerates rose in 2023 from a year earlier, data showed Tuesday, as more founding members sought to tighten their grip on management. The insider stock ownership rate of 72 conglomerates that have group owners reached 61.2 percent this year, up 1.3 percentage [...]

Explosive Growth in Online E-Coupon Services as Non-Face-to-Face Gifting Culture Takes Root Post-Pandemic

Explosive Growth in Online E-Coupon Services as Non-Face-to-Face Gifting Culture Takes Root Post-Pandemic

SEOUL, Oct. 3 (Korea Bizwire) –The market for online e-coupon services, which provide gift certificates in the form of barcodes, is experiencing rapid growth. This surge can be attributed to the sustained popularity of non-face-to-face gifting practices that emerged during and after the COVID-19 pandemic. The online shopping industry anticipates that the transaction value of [...]

S. Koreans’ Happiness Rising Slowly But Surely: Presidential Panel

S. Koreans’ Happiness Rising Slowly But Surely: Presidential Panel

SEOUL, Oct. 3 (Korea Bizwire) — South Koreans’ happiness level is rising slowly but surely, unlike what the country’s ranking on happiness indices might suggest, according to a presidential committee promoting national cohesion. The Presidential Committee of National Cohesion said in a paper published last month that it reached the conclusion after comparing and analyzing [...]

Samsung Electronics to Manufacture Next-generation AI Chips for Canada’s Tenstorrent

Samsung Electronics to Manufacture Next-generation AI Chips for Canada’s Tenstorrent

SEOUL, Oct. 3 (Korea Bizwire) — Samsung Electronics Co., the world’s largest maker of memory chips, will build next-generation artificial intelligence (AI) chiplets for the computing startup Tenstorrent, the Canadian company has said. Tenstorrent has said it has selected Samsung’s Foundry Design Service team to manufacture its chiplets, which can be used for a wide [...]