Thousands of Buddhist believers and festival-goers filled downtown Seoul for Yeon Deung Hoe, or the Lotus Lantern Festival.

When planning a trip to South Korea, it’s easy to get swept away by the excitement of high-tech cities, colorful cafes, and ...

A recent survey found that shoppers in South Korea spend more on high-end goods per capita than those in any other country. But their lavish expenditure is fueled by a sobering economic reality.