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and remain the preferred payment methodtoday, accounting for more than 50% of the online e-commerce payment volume.In a country where 95% of the population holds bank accounts and a credit card penetration rate surpasses 60%, accepting South Korean card payments enables you to reach nearly the...
Rather than the wooden or plastic chopsticks used in China and Japan, Koreans use metal chopsticks, historically made of silver to detect poison. South Korea’s public transport is highly efficient. Metro stations play different music for each line, have arrows indicating where to stand, and use...
Officially known as the Republic of Korea, South Korea is a Southeast Asian country located on the southern part of the Korean peninsula. The northern part being occupied by North Korea with which it shares a land border. In 2019, the country had a population of around 50 million people, ...
Until then, Korea's aristocratic society used Chinese characters, while the government and people used the writing system known as idu (a transcription system of Korean words invented in the eighth century by Silla scholars using Chinese characters). The Chinese writing system requires a basic ...
The southern part of the Korean peninsula is relatively poor in natural resources, which has traditionally driven the country to heavily rely on manufacturing exports to strengthen its economy. Among major world economies, this export focus makesSouth Korea’s trade-to-GDP ratiocomparable to Germany...
Whether you’reordering from a Korean barbecue restaurant or a fast-food restaurant, you will probably have your food delivered to you via an employee on a motorcycle. The best part about the motorcycle is that it means they can squeeze in between cars and zig-zag through traffic, so they’...
In June 2024, the average price of kerosene in South Korea was around 1,352 South Korean won per liter.
Six Korean auto parts manufacturers were ranked in the top 100 parts producers in the world, by sale value. Hyundai Mobis was in 7th place and made over 25 billion dollars in sales in 2018. Even as Korean automakers lost market share in finished cars in the past decade, their market ...