SEOUL, Feb. 3 (Korea Bizwire) — In the third quarter of last year, which marked the second year of the COVID-19 pandemic, single-person households consisting of young people under 40 years of age marked a sharp increase in their spending on drinking and smoking compared to a year earlier. This group’s monthly spending for purchases [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s daily virus cases on Wednesday exceeded 20,000 for the first time since the country reported its first virus case two years ago, due to the fast spread of the omicron variant. The country reported 20,270 new COVID-19 infections, including 20,111 local cases, raising the total to 884,310, [...]
SEOUL, Feb. 2 (Korea Bizwire) — More than three in 10 children out of school have been suffering depression, being at risk of possibly taking one’s own life, a survey showed Wednesday. The National Youth Policy Institute (NYPI) found through a survey that 35 percent and 29 percent of out-of-school children were experiencing depression and [...]
SEOUL, Feb. 1 (Korea Bizwire) — South Korea’s daily COVID-19 cases exceeded 18,000 for the first time Tuesday, since the first local case emerged two years ago, due to spread of the omicron variant during the Lunar New Year holiday. The country reported 18,343 new COVID-19 infections, including 18,123 local cases, raising the total to [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s daily COVID-19 cases hit more than 17,000 for the third consecutive day Monday due to the rapid spread of the highly transmissible omicron variant amid the annual exodus for the Lunar New Year holiday. The country reported 17,085 new COVID-19 infections, including 16,850 local cases, raising the [...]
SEOUL, Jan. 31 (Korea Bizwire) — The number of young people employed is forecast to shrink to 42.5 percent of the 2021 level by 2050, a report showed Monday, renewing concerns that the fast-aging demographic transition could pose a drag on South Korea’s economy. According to the recent report by the National Assembly Budget Office, [...]
SEJONG, Jan. 31 (Korea Bizwire) — South Korea’s unemployment rate calculated based on the number of full-time workers who work more than 40 hours per week slipped to the 50 percent level for the second straight year, a lawmaker said Sunday. The nation’s full-time equivalent (FTE) employment rate stood at 50 percent level for two [...]
SEOUL, Jan. 31 (Korea Bizwire) — Four out of ten single-person households in South Korea turned out to be dissatisfied with their consumption spending, the country’s statistics office said. The monthly consumption spending of one-person households averaged 1.32 million won (US$1,090) in 2020, according to data from Statistics Korea. This figure is calculated by subtracting [...]
SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s daily COVID-19 cases reached an all-time high of 17,532 on Sunday amid a rapid spread of the highly transmissible omicron variant as people headed to their hometowns or went on trips during the Lunar New Year holiday. The country reported 17,532 new COVID-19 infections, including 17,303 local [...]
SEOUL, Jan. 29 (Korea Bizwire) — South Korea’s daily COVID-19 cases reached yet another record high Saturday, driven by a rapid spread of the highly transmissible omicron variant, with a new nationwide virus response system coming into force. The country reported 17,542 new COVID-19 infections, including 17,349 local cases, raising the total to 811,122, the [...]