SEOUL, Dec. 12 (Korea Bizwire) — The elderly in South Korea participate in long-term economic activities to support themselves, but the poverty rate is very high. According to a recent report from the National Assembly Research Service (NARS), Koreans’ life expectancy stood at 82.4 years as of 2016, ranking 10th among 36 Organization for Economic [...]
SEJONG, Dec. 12 (Korea Bizwire) — More than 40 percent of newlywed couples had no children last year, reflecting the country’s chronically low birthrate and late marriage trend, data showed Thursday. According to the data compiled by Statistics Korea, 1.32 million couples got married in the five years up to November 2018, down 4.2 percent [...]
SEOUL, Dec. 11 (Korea Bizwire) — The United States on Wednesday returned four of its military bases in South Korea in a decision to end a yearslong delay caused by differences on decontamination procedures and to allay worries over the adverse impact of the delay on regional development schemes. South Korea and the U.S. also [...]
SEOUL, Dec. 11 (Korea Bizwire) — “No Brand” burgers from Shinsegae Food Inc., the food manufacturing arm of South Korean retail giant Shinsegae, are dominating the hamburger market. Analysts say that Shinsegae’s cost-effectiveness strategy for its new No Brand Burger restaurants is behind such growth. The company managed to lower the price by more than [...]
SEOUL, Dec. 10 (Korea Bizwire) — An animal protection group is urging the fashion industry to stop production of fur clothing as it is “no more than a symbol of shame and disgrace.” The Korea Association for Animal Protection held a press conference on Monday at Gwanghwamun Square, arguing that more than 10 million wild [...]
SEOUL, Dec. 9 (Korea Bizwire) — President Moon Jae-in lauded Irish rock band U2 on Monday for its continuing efforts to promote peace and help address various problems facing the world, as he met the leader of the group at Cheong Wa Dae. “Since the unification of Germany, South Korean people’s aspiration for peace and [...]
SEOUL, Dec. 9 (Korea Bizwire) — Short-term foreign visitors will soon be barred from applying for a South Korean driver’s license, as a revision of a relevant local law is imminent, police said Monday. The Road Traffic Act’s revision to allow only registered foreigners to obtain a driver’s license here is awaiting passage during the [...]
SEOUL, Dec. 7 (Korea Bizwire) — The number of wild boars infected with the deadly African swine fever (ASF) virus has been continuously increasing in South Korea despite a two-month hiatus from local farms, data showed Saturday. The total number of wild boars infected with the virus here has reached 41 since the first such [...]
SEOUL, Dec. 7 (Korea Bizwire) — Southeast Asian countries are emerging as a new market for Korean broadcasting content, in line with the government’s aggressive foreign policy initiative called the New Southern Policy, which gained momentum via a South Korea-Association of Southeast Asian Nations (ASEAN) special summit in Busan last month. The region can provide [...]
SEOUL, Dec. 6 (Korea Bizwire) — Eco-boomers, children of the Baby Boom generation, are rising as new consumers in the housing market. Eco-boomers refers to offspring of 7.2 million baby boomers (born between 1955 and 1963) at the age of 22 to 40 (born between 1979 and 1997). They are also known as the Generation [...]