SEOUL, July 19 (Korea Bizwire) — South Korea’s youth employment rose sharply in May from a year earlier despite the coronavirus pandemic, government data showed Tuesday. The number of employed young people aged 15-29 reached 4.1 million in May, up 196,000 from a year earlier, according to the data released by Statistics Korea. Their employment [...]
SEOUL, July 19 (Korea Bizwire) — Middle-aged individuals living alone are less satisfied with their lives than those who live with family members. Professor Hong Seong-pyo from the Catholic University of Korea and professor Lim Han-ryeo from Seoul National University conducted a survey of 1,378 middle-aged, single-person households over 40 years of age and 6,382 [...]
SEOUL, July 19 (Korea Bizwire) — The nation’s civil rights watchdog on Monday advised local governments to proactively engage in resolving disputes surrounding protection facilities built for stray cats. The Anti-Corruption and Civil Rights Commission advised local governments in a press release to “proactively engage in disputes between local residents over stray cat protection facilities [...]
SEOUL, July 18 (Korea Bizwire) — Drug offenders in their teens to 30s grew sharply in the past three years to represent 58.9 percent of those convicted of drug crimes last year, the chief of the Seoul Metropolitan Police Agency said Monday. The number of young drug offenders in those age brackets stood at 1,566 [...]
SEOUL, July 18 (Korea Bizwire) — The South Korean Air Force’s aerobatic flight team received two top awards at the world’s largest military air show in Britain over the weekend, the armed service said Monday. The Black Eagles team clinched the King Hussein Memorial Sword for the best overall flying demonstration and the As the [...]
SEOUL, July 18 (Korea Bizwire) — South Korea and the United States have been conducting combined military drills, involving a high-tech training system, Seoul official said Monday, amid the allies’ stepped-up efforts to sharpen deterrence against North Korea’s evolving security threats. The 11-day training got under way at the Army’s Korea Combat Training Center (KCTC) [...]
SEOUL, July 18 (Korea Bizwire) — South Korean millennials used online shopping portals more than any other generation while members of Generation X were the most prolific users of TV home shopping for the past three years, a survey showed Sunday. The Korea Information Society Development Institute (KISDI) conducted a survey of the 4,171 households [...]
SEOUL, July 17 (Korea Bizwire) — The government and the ruling party on Sunday agreed to allow low-priced home owners to replace their floating rate-based borrowing with fixed ones as part of efforts to help ease their financial burden amid fast-rising borrowing costs. The decision was made at a policy consultation meeting between the government [...]
BALI/SEOUL, July 17 (Korea Bizwire) — South Korea will push to exempt taxes on interest income and capital gains from foreigners’ investment in government bonds and monetary stabilization bonds in a bid to help stabilize the debt market, the finance minister has said. Finance Minister Choo Kyung-ho made the remarks on the details of the [...]
SEOUL, July 17 (Korea Bizwire) — Samsung Electronics Co. said Sunday its accumulated wind-free air conditioner sales have exceeded 7 million units in the domestic market since its launch six years ago. Samsung launched the “no-wind” air conditioner for the first time in the world in 2016 and has expanded its lineup of the product [...]