Korea has become Asia's largest importer of Mercedes-Benz and BMW vehicles this year, as the two German carmakers sold more vehicles in Korea than Japan for the first time ever.
The item rental market in South Korea is expanding its range of lineups into various areas, ranging from fashion accessories and digital cameras to furniture, as a growing number of consumers are willing to use products at affordable prices and return them instead of owning them outright.
For food and fashion brands around the world, trend-conscious Seoul has long been a crucial test market for wider expansion into Asia, and the inflow of foreign brands into the Korean capital is expected to continue this year, according to a report by American commercial real estate firm Cushman & W
Global luxury brands are competing to win the hearts of Korean consumers. They are opening exclusive stores in Korea, developing products for Korean customers and employing Koreans as their public goodwill ambassadors.
South Koreans' overseas credit card spending hit a record high in 2015 with a sharp increase in the number of people traveling abroad, though its growth pace...
South Korea's exports marked the largest-ever on-year decline in January in more than six years due to faltering global demand. The Ministry of Trade, Indust...
Here are 10 things South Korea does better than the US. South Korea’s beautiful countryside, bustling cities, and lush supply of historic sites make the loca...
A flagship store of Korean brands is steadily emerging in front of Dosan Park in Gangnam-gu, Seoul, one of Seoul's most famous luxury streets. It is a part of strategy to be named as 'K- luxury', grading up with famous overseas brands.
South Korea has elected a new president; AsiaLink Business at the University of Melbourne says this presents Australia with a big business opportunity.
Starbucks Coffee Korea said that it has received more than 20 million customer orders via its Siren Order application. Its online-to-offline (O2O) app service was launched in Korea in May 2014, enabling customers to order and pay for food and coffee with their smartphones.
In terms of golf’s global appeal, few markets rank higher than South Korea. Insights from Nielsen Sports show that 35% of people in the country are interested in golf, which puts it ahead of markets like the U.S. and Europe as the sport’s most interested population.
You might be surprised to know that the biggest alcohol consumers are in South Korea. South Koreans drink twice as much liquor as Russians and they consume m...
Complaints by consumers over damage from e-commerce services have sharply increased in recent years in South Korea. According to data from the Korea Consumer...
The airport on South Korea's most prominent resort island of Jeju has been suspended since Saturday due to the biggest snowfall in three decades in the regio...
South Koreans are the among the biggest alcohol consumers in the world. And that is giving public-health officials a headache. Increasingly, women have joine...
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