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Chinese Shoppers Spend Huge Sums on Korean Online Stores

Source | 2016/12/11 | | Permalink

Chinese shoppers spent an average of W190,000 per purchase in Korean online stores, according to a poll by the Korea Consumer Agency published Monday (US$1=W1,172).

Some of them spent around W6 million on one purchase and they shopped a whopping 32 times a year on average. The most popular goods were cosmetics with 77 percent, followed by clothing with 53 percent and bags, wallets and fashion accessories with 37 percent...More

Korean Cosmetics Prop Up Dismal Exports

Source | 2016/12/11 | | Permalink

Korean cosmetics companies are giving a fillip to the country's shrinking exports as they remain wildly popular especially among Chinese customers.

Amore Pacific and LG Household and Health Care were honored by the government on Monday for surpassing US$200 million in exports a year (US$1=W1,172)...More

Korean Novel Makes NYT's 'Best Books of 2016' List

Source | 2016/12/11 | | Permalink

The International Man Booker Prize-winning novel "The Vegetarian" by Han Kang was chosen as one of the 10 best books of the year by the New York Times.

"The Vegetarian" has been sold in 34 countries and was published in the U.S. in January...More

Outdoor Ice Park Offers Winter Wonderland in Seoul

Source | 2016/12/11 | | Permalink

An outdoor ice park will open for the winter in Yeouido, Seoul on Friday.

The park operates between 10 a.m. and 9:30 p.m. until Feb. 17 next year and offers places to skate and sled, as well as a snow playground...More

Korean Men's Life Expectancy Now Above OECD Average

Source | 2016/12/11 | | Permalink

Korean men who are now 65 years old can expect to live on average another 18.2 years, above the OECD average for the first time by a couple of months.

Korean women now aged 65 can expect to live a full year longer than the OECD average. Among the group's 35 member countries, Korea has the 12th longest average lifespan...More

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