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Greater Seoul population exceeds 50% of S Korea for first time

Worldview: Temu Files New Lawsuit Against Rival Shein

Worldview: Temu Files New Lawsuit Against Rival Shein
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

Interest payments outpace spending on clothes

Households in Korea are spending more to pay interest on bank loans than on clothes and shoes, adding to concerns over costly borrowing rates that weigh on the high cost of living, data showed, Wednesday.

Cafeteria operators log record profits as people seek affordable meals due to soaring prices

Cafeterias are booming in Korea. This is demonstrated most in office buildings, government offices, factories or schools with cafeterias that offer meals at lunch and dinner. Despite operating for a limited number of hours daily, people join long queues for a meal. Many don t mind the hectic mood as long as they can get a meal at an affordable price - typically for under 10,000 won ($7.60).

Food price growth expected to stay above 5% for 3rd year in row

Prices of major grocery items have risen more than 5 percent for the first 10 months of this year amid a surge in global prices of oil and crops, and this trend is likely to continue throughout the remainder of 2023, according to data, Sunday.

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