SEOUL, Jan. 30 (Korea Bizwire) — Single women significantly outnumber single men in South Korea’s reverse mortgage program, accounting for nearly five times as many participants, according to recent government housing finance statistics. As of November 2024, single women made up 38% of new reverse mortgage subscribers, compared to just 8.1% for single men. Of the 13,163 [...]
SEOUL, Jan. 30 (Korea Bizwire) — Traffic on major highways built up nationwide Thursday, as millions of South Koreans returned home on the final day of the extended six-day Lunar New Year holiday. On some sections of the Gyeongbu Expressway, which links Seoul to the southeastern city of Busan through major cities, cars were often [...]
SEOUL, Jan. 28 (Korea Bizwire) — The rapid rise of individual media creators in South Korea has led to significant earnings for top content producers. The top 1% of YouTubers and live-streamers, also known as BJs (Broadcast Jockeys), earned an average of 1.325 billion KRW (approximately $1 million USD) annually, according to data released by Representative [...]
SEOUL, Jan. 27 (Korea Bizwire) — Data from the National Police Agency has revealed a significant spike in domestic violence incidents during last year’s Lunar New Year holiday period in South Korea, with reports exceeding typical daily averages by 30%. According to police records obtained by Democratic Party lawmaker Yang Bu-nam, authorities received 3,384 domestic violence [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korean authorities investigating the tragic Jeju Air crash last month released a preliminary accident report Monday, revealing that the aircraft’s black box stopped recording approximately 2 kilometers before the plane approached the runway. It is the first report as part of the ongoing investigation into the deadly crash [...]
SEOUL, Jan. 27 (Korea Bizwire) – South Korea’s birth rate is projected to have increased in 2024 for the first time in nine years but show significant regional differences, the statistics agency said Monday. The number of newborns between January and November reached 220,094, up 3 percent from a year earlier, according to data compiled [...]
SEOUL, Jan. 27 (Korea Bizwire) — Fifty years after beginning its international development cooperation efforts, the Catholic Church in South Korea has transformed from an aid recipient to a leading donor in Asia, highlighting the nation’s remarkable economic transformation. According to Caritas Korea International, the Church’s international aid efforts began in 1975 with the establishment of [...]
SEJONG, Jan. 27 (Korea Bizwire) — The average South Korean worker received approximately 10.69 million won in bonuses last year, while the top 0.1% of earners collected bonuses exceeding 620 million won, highlighting significant income disparities in the workforce, according to new government data. Figures released by the National Tax Service and obtained by People Power [...]
SEOUL, Jan. 24 (Korea Bizwire) — Prolonged exposure to fine particulate matter (PM2.5) may elevate the risk of developing urological cancers, including kidney and prostate cancer, among South Koreans, according to a recent study published in the American Association for Cancer Research Journal. The research, conducted by a team led by Professor Park Yong-hyun from the [...]
SEOUL, Jan. 24 (Korea Bizwire) — A stark gender divide exists among South Korean teenagers regarding dating expenses, with young women overwhelmingly favoring equal cost-sharing while young men show more traditional views, according to a lifestyle report released by Woori Bank on January 23. The “Teens’ Diary” report, which surveyed 3,729 teenagers aged 14-18 nationwide, revealed [...]