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Domestic home-shopping channels are grappling with a prolonged business slump as the number of people watching television decreases and middle-class consumers spend less due to soaring inflation and rising interest rates, industry officials said Thursday. According to the Korea Communications Commission, Koreans' average TV usage time on a daily basis increased briefly to 3 hours and 9 minutes in 2020 during the pandemic. However, it decreased again to 3 hours and 3 minutes in 2022 after the pandemic was declared to be in an endemic phase here.

Local home shopping companies are struggling amid falling TV viewership as more people buy goods online, according to industry officials Friday. The emergence of e-commerce companies and increasing transmission fees paid to broadcasting operators are also adding to home-shopping channels' financial burden.

SINGAPORE, Nov. 8, 2022 /PRNewswire/ --Neosapience, the South Korean startup behind Typecast, is joining hands with Singapore-based interactive video technology solutions provider BeLive Technology to provide its AI-powered synthetic voice and video service via the latter's LORA solution. Kim Taesu (left), CEO of Neosapience and Kenneth Tan (right), CEO and Co-Founder of BeLive Technology MOU signing ceremony for strategic partnership. The joint partnership allows BeLive LORA users to gain access to AI voices and virtual human features, which supports English, Korean, Japanese, and Spanish...

Retailers seeking new growth engines with NFT, metaverse

CJ Onstyle to close all overseas outlets