SEOUL, Jun. 30 (Korea Bizwire) — Eight out of ten low-income, middle-aged and elderly people between the ages of 38 and 63 will likely face an uncertain financial future after retirement without a private pension or retirement pension, let alone the national pension, even after they turn 65. This forecast is based on an audit [...]
SEOUL, Jun. 29 (Korea Bizwire) — Contrary to popular belief, night owls whose internal body clocks are aligned differently from most people are more than capable of leading a healthy social life, a group of South Korean researchers say. Those who feel more awake at night aren’t necessarily doomed to having a bad social life, as [...]
SEOUL, Jun. 29 (Korea Bizwire) — The number of apartment complexes designated as no-smoking zones reached 158 across the country in April, government data showed Thursday, amid a growing number of health-conscious people joining the anti-smoking campaign. The law, which took effect Sept. 3, 2016, allows provincial governments to designate all or part of corridors, [...]
SEOUL, Jun. 27 (Korea Bizwire) — The South Korean government finds itself embroiled in a debate over the taxation of electronic cigarettes, following a motion filed earlier this month by Rep. Kim Kwang Lim calling for increased taxes on the popular alternative to traditional cigarettes. Current taxation policy is different for e-cigarettes and regular cigarettes, [...]
SEOUL, June 27 (Korea Bizwire) – A major opposition lawmaker has introduced bills to raise taxes on heat-not-burn (HNB) cigarettes, amid concerns that the smoke-free tobacco emits harmful substances. Rep. Kim Gwang-lim of the major opposition Liberty Korea Party presented a proposal earlier in the month that would slap the new products with the same [...]
SEOUL, Jun. 27 (Korea Bizwire) — South Korea’s pharmaceutical industry has posted more than double the annual growth rate in terms of employment compared to the manufacturing sector as a whole, industry data showed Tuesday. The pharmaceutical industry has recorded 3.9 percent in annual employment growth rate between 2005 and 2015, while the comparable figure [...]
SEOUL, June 23 (Korea Bizwire) – Red ginseng helps reduce fatigue in cancer patients undergoing chemotherapy, a local report showed Thursday. The report based on a survey on 438 colorectal cancer patients by professor Kim Yeol-hong of Korea University Medical Center in Seoul revealed the group of 219 patients who took 1 gram of red [...]
SEOUL, June 23 (Korea Bizwire) – Sales of whisky products in South Korea continued to fall in the first five months of this year, mainly due to a protracted economic slump and a change in the drinking culture, industry data showed Thursday. According to the data, whisky product sales in the January-May period fell 6.8 [...]
SEJONG, Jun. 22 (Korea Bizwire) — A third of South Korean people are obese, causing Asia’s fourth-largest economy to shoulder nearly 7 trillion won (US$6.12 billion) in social costs every year, the government said Wednesday. Also, some 25 percent of boys aged between 5 and 14 in South Korea suffer from obesity, compared with an [...]
SEOUL, Jun. 22 (Korea Bizwire) — Consumption of kimchi does not raise blood pressure despite its high salt content as the lactic acid bacteria in the fermented dish actually helps drive sodium out of the body, a survey showed Wednesday. Kimchi is a traditional Korean side dish made of fermented napa cabbage, salt and pepper. [...]