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More Patients with Respiratory Ailments Use Ambulances amid Severe Air Pollution

More Patients with Respiratory Ailments Use Ambulances amid Severe Air Pollution

SEOUL, Apr. 10 (Korea Bizwire) — The number of cases in which emergency responders drove ambulances to take people affected by respiratory ailments to hospitals rose to a five-year high in the first quarter of the year amid an onslaught of worsened air pollution, government data showed Wednesday. The data from the National Fire Agency [...]

S. Korea’s Electronic Payments Surge in 2018

S. Korea’s Electronic Payments Surge in 2018

SEOUL, Apr. 3 (Korea Bizwire) — The daily amount of payments made electronically nearly doubled last year as a growing number of South Koreans are carrying out their financial transactions on smartphones, central bank data showed Wednesday. The daily average for electronic financial transactions came to a record 126.1 billion won (US$111.1 million) in 2018, [...]

Loans, Default Rate Both Increase for Self-employed in 2018

Loans, Default Rate Both Increase for Self-employed in 2018

SEOUL, Apr. 1 (Korea Bizwire) — Loans and the loan default rate both rose for the self-employed last year, the regulator’s data showed Monday. The loans extended to the self-employed totaled 389.8 trillion won (US$342.83 billion) at the end of the third quarter last year, up 13.9 percent from the same period of the previous [...]

Internet Banking Users in S. Korea Rise 8.5 pct in 2018

Internet Banking Users in S. Korea Rise 8.5 pct in 2018

SEOUL, Mar. 28 (Korea Bizwire) — South Korea’s Internet banking services grew at a fast clip last year, with the number of daily transactions and their total value reaching record highs, central bank data showed Thursday. The number of online banking service users came to a record 146.56 million as of the end of 2018, [...]

Statistics Agency Says S. Korea’s Population Likely to Peak in 2028

Statistics Agency Says S. Korea’s Population Likely to Peak in 2028

SEJONG, Mar. 28 (Korea Bizwire) — South Korea’s statistics agency forecast Thursday that the country’s population is likely to peak at 51.94 million in 2028 before declining to 39.29 million in 2067. Statistics Korea’s latest medium variant projection is bleaker than its previous assessment, made in 2016, when South Korea’s population was projected to fall [...]

270,000 Insurance Subscriptions for High Blood Pressure in Past 10 Months

270,000 Insurance Subscriptions for High Blood Pressure in Past 10 Months

SEOUL, Mar. 21 (Korea Bizwire) — The Financial Supervisory Service (FSS) announced on Wednesday that there have been 270,000 medical insurance subscriptions over the past 10 months for a new insurance policy that was launched last year. The insurance policy, which was released in April of last year, is a product with a lowered threshold [...]