SEJONG, Jun. 21 (Korea Bizwire) — The number of one-person households continued to rise last year amid the country’s low birth rate and rapidly aging population, government data showed on Thursday. According to the data compiled by Statistics Korea, the number of single-person households reached 5.61 million as of October last year, up 179,000 or [...]
SEOUL, Jun. 20 (Korea Bizwire) — About four out of 10 female marriage immigrants in South Korea have experienced domestic violence, according to a government report released Wednesday. The report, compiled by the National Human Rights Commission of Korea on the basis of a poll of 920 foreign women married to Korean men, also found [...]
SEJONG, Jun. 18 (Korea Bizwire) — According to Statistics Korea, the percentage of household expenditures devoted to charitable donations from middle-income families was lower than that of poorer families, which means middle class families spent more money on themselves compared to those of lower economic status. The average amount of money donated to “non-profit organizations” [...]
SEOUL, June 12 (Korea Bizwire) — Loans in the accommodation and food services sector are increasing as the industry is in a deep slump, central bank data showed Tuesday, a warning sign that the quality of the debts and personal credit ratings are worsening in the process. Loans to lodging and eating businesses totaled 51.25 [...]
SEOUL, Jun. 11 (Korea Bizwire) — South Korea’s exports of handsets fell to a 15-year low over the January-April period this year, data showed Monday, apparently on the growth of Chinese rivals in the global market. According to the data compiled by the Ministry of Science and ICT and Statistics Korea, the country shipped US$4.8 [...]
SEOUL, Jun. 5 (Korea Bizwire) — According to a survey conducted by Statistics Korea, families in the highest income bracket spent 27 times more money on private lessons for their children than those from lower income backgrounds. The survey found that income earners in households belonging to the top 20 percent spent 242,600 won on [...]
SEOUL, Jun. 3 (Korea Bizwire) — South Korea’s proportion of employed older seniors was the highest among countries of the Organization for Economic Cooperation and Development (OECD), but that of young people remained at the bottom due to the country’s low social safety net and the tightened job market, a report showed Saturday. According to [...]
SEOUL, Jun. 1 (Korea Bizwire) – South Korea exported cultural content worth more than US$6 billion in 2016, government data showed Friday. The survey on “Content Industry Statistics” released by the Ministry of Culture, Sports and Tourism showed that exports rose 6.1 percent from the previous year to US$6.008 billion in 2016, a strong performance [...]
As e-commerce complaints typically rise during the summer and year-end holidays, experts say that the number of complaints is bound to go up this year. (Image credit: Kobiz Media) SEOUL, May 28 (Korea Bizwire) — The number of e-commerce disputes filed during the first quarter of this year was approximately half of all cases filed [...]
SEOUL, May 28 (Korea Bizwire) — A growing number of South Korean firms listed on the secondary KOSDAQ market are being led by female executives, though men in their 50s who majored in tech dominate the industry, data showed Monday. The number of female CEOs at the country’s 1,269 firms on the tech-laden bourse came [...]