Indicator Archives | Page 2 of 74 | Be Korea-savvy

Archive by category Indicator

South Korea 32nd out of 35 OECD Countries on Family Spending

South Korea 32nd out of 35 OECD Countries on Family Spending

SEOUL, Sept. 11 (Yonhap) — South Korea was one of the smallest investors in families among member states of the Organization for Economic Cooperation and Development (OECD) in 2013, a report showed Monday. The country allocated 1.13 percent of its gross domestic product (GDP) to family benefits spending, and therefore ranks 32nd among 35 OECD [...]

South Korean GDP to Decline by 2050

South Korean GDP to Decline by 2050

SEOUL, Sept. 11 (Korea Bizwire) – According to Simon Baptist, Chief Economist at the Economist Intelligence Unit, by 2050, South Korea, Canada and Italy may find themselves firmly entrenched outside the global GDP top-10 list. Baptist attributes this change partly to the projected rise of India, with its growing population and migration to urban areas [...]

9 in 10 South Koreans Want Stricter Punishment for Heinous Teen Crimes

9 in 10 South Koreans Want Stricter Punishment for Heinous Teen Crimes

SEOUL, Sept. 11 (Korea Bizwire) – Amid a growing number of juvenile crimes in the country, a new poll has revealed that 9 in 10 South Koreans back legal reforms to introduce stricter punishment for teenage criminals. According to a poll conducted by Realmeter with a sample of 514 adults released on Friday, nearly 65 percent [...]

S. Korea Advised to Limit Smoking at Public Places, Cigarette Ads: WTO

S. Korea Advised to Limit Smoking at Public Places, Cigarette Ads: WTO

SEOUL, Sept. 11 (Korea Bizwire) — The World Health Organization (WTO) has recommended South Korea to adopt more stringent regulations to ban cigarette smoking in public places and restrict tobacco advertising and promotions. The WTO has been issuing the outcome of the MPOWER project assessing the implementation of monitoring, protecting, offering help, warning, enforcing bans [...]

LG OLED TV Wins Positive Responses in U.S., Europe

LG OLED TV Wins Positive Responses in U.S., Europe

SEOUL, Sept. 11 (Korea Bizwire) — LG Electronics Inc.’s high-end organic light-emitting diode (OLED) TV products have won positive responses from American and European consumer magazines, industry sources said Monday. The LG OLEDB7V model, a 65-inch OLED UHD TV, made by the South Korean home appliance giant has topped evaluations conducted by leading consumer magazines [...]

Foreigners Own Over Half of Electric, Electronics Stocks

Foreigners Own Over Half of Electric, Electronics Stocks

SEOUL, Sept. 11 (Korea Bizwire) — Foreign investors hold more than half of electric and electronics shares listed on South Korea’s main stock market, data showed Monday. Foreign ownership of those stocks traded on the Korea Composite Stock Price Index (KOSPI) market came to 51.2 percent of their total market capitalization as of Wednesday, the [...]

Gap Between Single-Income and Dual-Income Households Narrows

Gap Between Single-Income and Dual-Income Households Narrows

SEOUL, Sept. 6 (Korea Bizwire) – Average incomes for dual-income and single-income households between April and June, at 5.47 million won and 3.69 million won, respectively, are the closest they have been since the fourth quarter of 2015 (October through December) according to figures provided by Statistics Korea. Dual-income households earned only 1.48 times what [...]

Nearly 90 Percent of all Counterfeit Goods “Made in China”

Nearly 90 Percent of all Counterfeit Goods “Made in China”

SEOUL, Sept. 5 (Korea Bizwire) — A report released by the Korea Customs Service on September 4 revealed that 8,607 of 9,853 counterfeit goods seized were made in China. The yearly report on the black market for counterfeit goods stated that the total number of counterfeit goods seized by the agency declined by 3 percent [...]