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Most Young People in Seoul Live in Rented Housing

Source | 2016/06/26 | | Permalink

Nine out of 10 Seoul citizens in their 30s rent their homes, either monthly or by way of jeonse or Korean-style deposit lease, according to a study released by the Seoul Metropolitan Government on Tuesday.

City officials surveyed 20,000 households and 2,500 foreigners living in the capital in October last year. Seoul has been conducting the survey annually since 2003...More

Korean Instagram Boom Catches Marketers' Eye

Source | 2016/06/26 | | Permalink

An Instagram boom among young Koreans has caught the beady eye of marketers, who noticed how many are using the instant photo site to share information on fashion, restaurants and holiday spots.

Instagram hashtags direct users to collections of photos with links to popular businesses, and many feel it is more honest than the privileged searches of Google and other engines...More

Korea's Trade Surplus with China, U.S. Plummets

Source | 2016/06/26 | | Permalink

Korea's current account surplus from trade with China and the U.S. dropped almost 20 percent last year.

The decline is partly due to sluggish economies in China and the U.S., but Korea's overall current account surplus actually rose around 25 percent in 2015 to US$105.9 billion thanks to low global oil prices...More

Samsung, LG to Roll Out Cheaper Smartphones

Source | 2016/06/26 | | Permalink

Samsung, LG and Pantech are rolling out several low- to mid-priced smartphones later this month.

Samsung will unveil the Galaxy On7, and LG will launch its latest X Series phone. Pantech, once among Korea's top three smartphone makers, is also set to unveil a new cheaper smartphone...More

[Orion's Drama News] From Rags to Mega-Riches

2016/06/25 | | Permalink

This week I talk KCON New York and HanCinema's attendance there. I also take a look at the super rich, super smart, super talented and all around perfect character of Lee Jong-suk in "W" and what he might mean in terms of how we write and experience fiction and Korean dramas. Before my upcoming drama goodies and personal watch list, I talk Dramaland ladies and introduce upcoming drama "Lady with Class"...More

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