
Koreans Spending Less Than 10 Years Ago… Decline in Consumption Relative to Income Across All Age Groups
The proportion of consumption expenditure relative to income, known as the average propensity to consume, has declined across
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The proportion of consumption expenditure relative to income, known as the average propensity to consume, has declined across
Nongshim, South Korea’s leading instant noodle maker, is expanding its export focus to include snacks following a surprising
South Korean bakery chain Paris Baguette is accelerating its expansion in North America by appointing a new Chief
Hyundai Motor Company is accelerating its growth in the German electric vehicle (EV) market. The INSTER has experienced
(Photo=Samsung Biologics) Samsung Biologics, a South Korea–based biopharmaceutical contract development and manufacturing organization (CDMO), has secured new contracts worth a combined $319 million with pharmaceutical companies in Europe and Asia, pushing its total orders this year past $2.19 billion, the company announced on May 26. The two latest deals—valued at $175 million and $144 million, respectively—cover contract manufacturing services through
(Photo=Hyundai) The top five global automotive groups accounted for nearly half of all new vehicle sales worldwide last year. Toyota, Volkswagen, and Hyundai Motor Group solidified their positions as the top three sellers, while Chinese automakers are rapidly gaining ground. According to industry reports on the 26th, global new vehicle sales in 2023 reached approximately 90 million units, with the
(Photo=HYBE) BTS, who enlisted in the military sequentially, will all return to civilian status by next month. With the recent slowdown in K-pop's growth, attention is turning to when the full group will make their comeback, which could revitalize the market. BTS began their military service in December 2022, starting with the eldest member Jin, and currently, two out of
South Korean won money bills in big amount lies on South Korea flag close up. Finance and banking concept How Much Allowance Do Korean Teens Get? “Monthly Debit Card Use Averages 22 Transactions and $110” Last year, Korean middle and high school students spent an average of about $1,300 annually using debit cards, which breaks down to approximately $110 per
Photo=Samsung Electonics Samsung Electronics announced on the 26th that its Galaxy S25 series, launched this past February, surpassed 2 million units sold in South Korea as of the 24th—more than two weeks faster than its predecessor, the Galaxy S24. Given that the Galaxy S25 series reached 1 million units sold a week earlier than the S24, the pace of sales