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Speed of Increase of Household Debt in Korea Exceeds OECD Average

Speed of Increase of Household Debt in Korea Exceeds OECD Average

SEOUL, Sept. 21 (Korea Bizwire) — After the onset of the global financial crisis, the speed of increase of household debt in Korean families was found to be 7.8 times the OECD average. The aggregate of loans taken out by low income families (bottom 30 percent of the population) or by those who with low [...]

Electronic Payments in S. Korea Surge in Q2

Electronic Payments in S. Korea Surge in Q2

SEOUL, Sept. 20 (Korea Bizwire) — The amount of payments made electronically in South Korea continued to rally in the second quarter as a growing number of people use mobile shopping and remittance services, central bank data showed Thursday. The daily average amount of electronic financial transactions came to a record 117.4 billion won (US$104.87 [...]

Cigarette Sales Down 1.1 pct on Campaign, Higher Prices

Cigarette Sales Down 1.1 pct on Campaign, Higher Prices

SEJONG, Sept. 19 (Korea Bizwire) — Sales of cigarettes in South Korea declined 1.1 percent in the first eight months of 2018 from a year earlier due to a government-led anti-smoking campaign and higher prices, data showed Wednesday. South Korean smokers purchased 2.31 billion 20-cigarette packs in the January-August period, compared with the previous year’s [...]

Golf Courses Produce Enough Oxygen for 1.95 Million People Every Year: Study

Golf Courses Produce Enough Oxygen for 1.95 Million People Every Year: Study

SEOUL, Sept. 18 (Korea Bizwire) — An interesting new study found that the amount of oxygen emitted yearly from grass and trees situated in the nation’s golf courses was sufficient to provide 1.95 million people with air to breathe in. According to the Korea Leisure Industry Institute, the total amount of oxygen given off by [...]

Women Prefer Bottled Drinks, Men Prefer Smaller Canned Drinks: Survey

Women Prefer Bottled Drinks, Men Prefer Smaller Canned Drinks: Survey

SEOUL, Sept. 17 (Korea Bizwire) — The previous world record for the greatest number of people simultaneously performing the ice A new survey has found that women are more likely to purchase larger-sized beverages than men at convenience stores. According to an analysis conducted by GS Retail, the operator of the convenience store chain GS [...]

Over 80 pct of South Koreans Back Renewable Energy Expansion: Poll

Over 80 pct of South Koreans Back Renewable Energy Expansion: Poll

SEOUL, Sept. 17 (Korea Bizwire) — More than eight in 10 South Koreans favor the increased use of renewable energy on the grounds that it is clean and inexhaustible, a poll showed Monday. According to the survey of 1,003 South Koreans across the nation, 86.2 percent of respondents said they are in favor of the [...]

Over 60 pct of S. Koreans Back ‘Passive Euthanasia’: Poll

Over 60 pct of S. Koreans Back ‘Passive Euthanasia’: Poll

SEOUL, Sept. 14 (Korea Bizwire) — More than six in 10 South Koreans favor euthanasia for terminal patients when life support is deemed meaningless, a poll showed Friday. In the survey conducted by Seoul National University Hospital, 66.5 percent of 1,241 citizens said they are in favor of removing life support from patients when there [...]

47% of Dementia Patient Caregivers “Quit Work” Or “Cut Down on Work Hours”

47% of Dementia Patient Caregivers “Quit Work” Or “Cut Down on Work Hours”

SEOUL, Sept. 13 (Korea Bizwire) – Nearly half of all guardians of dementia patients were found to have given up their job or decrease their work hours in order to care for their loved ones. This was according to a survey carried out by the Korea Dementia Association, the results of which were published yesterday. [...]