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Spending Habits of Single-Person Households: Renting, Food Choices, and Gender Differences

Spending Habits of Single-Person Households: Renting, Food Choices, and Gender Differences

SEOUL, Sept. 27 (Korea Bizwire) – Four out of every 10 South Koreans who live alone rent their homes and spend an average of 300,000 won per month on rent. These individuals prefer ordering food for delivery and eating ready-to-eat meals that require little preparation. According to a report titled “How Single-Person Households Spend Money Based [...]

South Korean Elderly Poverty Rate Remains High, Even Accounting for Real Estate Assets

South Korean Elderly Poverty Rate Remains High, Even Accounting for Real Estate Assets

SEOUL, Sept. 26 (Korea Bizwire) – A researcher from a renowned national institution has asserted that South Korea’s elderly poverty rate is the highest among major developed countries, even when considering assets in addition to income.  Until now, it has been argued that calculating the elderly poverty rate solely based on income levels is an illusion, [...]

Half of Elderly South Koreans Prioritize Their Own Lives Over Children and Grandchildren

Half of Elderly South Koreans Prioritize Their Own Lives Over Children and Grandchildren

SEOUL, Sept. 25 (Korea Bizwire) – Among apartment residents over the age of 60, close to 50 percent believe their life is more important than that of their children and grandchildren. On Sunday, Focus Media Korea, the operator of Elevator TV, unveiled the results of a survey of 229 elderly individuals over 60 residing in apartment [...]

Close to 2 Million South Koreans Have Rejected Meaningless Life Support

Close to 2 Million South Koreans Have Rejected Meaningless Life Support

SEOUL, Sept. 25 (Korea Bizwire) – The number of South Koreans who have signed advance statements indicating their desire to avoid meaningless life-sustaining medical treatment if they are near death is approaching 2 million. According to monthly estimates of registrations for advance statements on life-sustaining medical treatment compiled by the National Agency for Management of Life-Sustaining [...]

Illegal Drones Disrupt Over 80 Flights at Incheon and Jeju Airports in Three Years

Illegal Drones Disrupt Over 80 Flights at Incheon and Jeju Airports in Three Years

SEOUL, Sept. 23 (Korea Bizwire) – A recent report reveals that Incheon International Airport has grappled with the impact of illegal drone activities, resulting in over 80 flight disruptions, including delays and diversions, within the past three years. Based on data furnished by the Incheon International Airport Corporation to the National Assembly and made public [...]

Suicide Rate Drops After COVID-19 Pandemic Ends

Suicide Rate Drops After COVID-19 Pandemic Ends

SEOUL, Sept. 22 (Korea Bizwire) – South Korea witnessed a decline in its suicide rate and the number of suicide deaths last year compared to a year earlier but suicides among teenagers and individuals in their 40s increased.  The overall decline in the suicide rate can be attributed to the return to normalcy following the termination [...]

25% of Closed Schools Remain Abandoned Without Being Reused as Other Facilities

25% of Closed Schools Remain Abandoned Without Being Reused as Other Facilities

SEOUL, Sept. 22 (Korea Bizwire) –  The number of closed schools is increasing across the country due to a low birth rate and population concentration in metropolitan areas. However, one out of four closed schools remains abandoned without being repurposed. According to data on the current trend of closed school assets compiled by city and provincial [...]

54.2 Bil. Won in Wildlife-Induced Agricultural Crop Damage Over the Past Five Years

54.2 Bil. Won in Wildlife-Induced Agricultural Crop Damage Over the Past Five Years

SEOUL, Sept. 22 (Korea Bizwire) –  The value of damage to agricultural crops caused by wildlife such as boars and elk amounted to 54.2 billion won over the past five years.  According to data received by Eoh Kiy-ku, a lawmaker from the Democratic Party, from the Ministry of Agriculture, Food and Rural Affairs and the Agriculture [...]