SEOUL, Feb. 6 (Korea Bizwire) — Children raised by parents with higher incomes will earn higher incomes themselves, indicating that socioeconomic status may be inherited, a study showed Sundy. Lee Ji-eun, a senior researcher at the Korea Labor Institute, and Jeong Se-eun, an economics professor at Chungnam National University analyzed the Korea Labor & Income [...]
SEOUL, Feb. 6 (Korea Bizwire) — The vast majority of supercars in South Korea, including vehicles produced by Ferrari, Lamborghini and McLaren, are owned by corporate bodies, industry data showed Sunday. According to Carisyou Data Lab, 75.3 percent of 4,192 supercars in the country were registered as corporate-owned vehicles as of December last year. The [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korea’s new COVID-19 cases fell to the lowest tally in 224 days on Monday, a week after the country lifted most mandatory indoor mask-wearing rules amid a COVID-19 downtrend. The country reported 5,850 new cases, including 20 from overseas, bringing the total caseload to 30,263,261, according to the [...]
SEOUL, Feb. 6 (Korea Bizwire) — Older adults in Seoul estimate the average age of senior citizens at 72.6 years, a survey by the metropolitan government said Monday. The city government conducted the survey on 3,010 men and women over the age of 65 living in the capital for two months from last June to [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s new COVID-19 cases stayed below 15,000 on Sunday amid the view that the winter wave of infections has probably peaked. The country reported 14,018 new cases, including 34 from overseas, bringing the total caseload to 30,257,411, according to the Korea Disease Control and Prevention Agency (KDCA). The [...]
SEOUL, Feb. 4 (Korea Bizwire) — South Korea’s new COVID-19 cases fell to the lowest Saturday tally in 31 weeks amid a gradual downtrend as the government has taken steps to support people’s return to pre-pandemic normalcy. The country reported 14,624 new cases, including 41 from overseas, bringing the total caseload to 30,243,393, according to [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s new COVID-19 cases fell to the lowest Friday tally in 31 weeks amid a gradual downtrend as the government has taken steps to support people’s return to pre-pandemic normalcy. The country reported 14,961 new cases, including 28 from overseas, bringing the total caseload to 30,228,889, according to [...]
INCHOEN, Feb. 3 (Korea Bizwire) — At a local boxing club in Incheon on Monday, an old man is seen flexing his muscles in front of a punching bag. Kim Byeong-min is a professional boxer in his 90s, born in the year 1933. He’s the only professional boxer in his age group in the country. [...]
SEOUL, Feb. 3 (Korea Bizwire) — The shrinking population driven by low birthrate and aging will cut South Korea’s economic growth by close to 1 percent each year in the long term, a research paper showed Thursday. Lee Jong-wha, an economics professor at Korea University and chief of the Korean Economic Association, estimated a forecast [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s new COVID-19 cases fell to the lowest Thursday tally in 31 weeks as the country has seen a gradual downward trend and has taken steps to fully regain pre-pandemic normalcy. The country reported 16,862 new cases, including 45 from overseas, bringing the total caseload to 30,213,928, according [...]