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Number of Farmers, Fishermen Continues to Fall in S. Korea

Number of Farmers, Fishermen Continues to Fall in S. Korea

SEJONG, Apr. 20 (Korea Bizwire) — The number of South Koreans in the agrofisheries sector is continuing to decrease amid a rapid aging and urbanization trend in the country, government data showed Friday. Households engaging in the farming business totaled 1.04 million last year, down 2.5 percent from 1.07 million tallied a year ago, according [...]

Growth in S. Korea’s Car Insurance Market Slows in 2017

Growth in S. Korea’s Car Insurance Market Slows in 2017

SEOUL, Apr. 18 (Korea Bizwire) — Growth in South Korea’s auto insurance market slowed last year due to intensifying competition and lower premiums, data showed Wednesday. The car insurance market grew 2.7 percent on-year to 16.8 trillion won (US$15.7 billion) in 2017, according to the data by the Financial Supervisory Service. The figure contrasts with [...]

Disabled Make Up Smaller Percentage of Workforce at Larger Firms

Disabled Make Up Smaller Percentage of Workforce at Larger Firms

SEOUL, April 16 (Korea Bizwire) — After inspecting 27,012 entities in the private sector last year, the Ministry of Employment and Labor revealed the average employment rate (compared to number of full-time workers) for individuals with disabilities was 2.61 percent, and that this figure declined among employers with larger workforces. While employers with 100 to [...]

Infidelity Increasingly Blamed for Divorces

Infidelity Increasingly Blamed for Divorces

SEJONG, Apr. 15 (Korea Bizwire) — The number of divorces attributed to infidelity by spouses amounted to 7,528 in South Korea last year, accounting for 7.1 percent of the nation’s total 106,032 marriage breakups, Statistics Korea said Saturday. The number of divorces resulting from extramarital affairs, cheating and other acts of infidelity has steadily decreased [...]

85 Women Dead at the Hands of Significant Other Last Year

85 Women Dead at the Hands of Significant Other Last Year

SEOUL, April 13 (Korea Bizwire) — After analyzing reported incidents in the press, the Korea Women’s Hot Line has revealed that at least 85 women were murdered by their husband or boyfriend last year. In addition, 103 women were survivors of failed murder attempts by their male significant other. The deadly violence perpetrated against women [...]

Private Equity Deals in S. Korea Jump in 2017

Private Equity Deals in S. Korea Jump in 2017

SEOUL, Apr. 11 (Korea Bizwire) — Investment deals by South Korea’s private equity funds jumped 39.3 percent on-year in 2017, but their investments were still centered on local firms, government data showed Wednesday. Local private equity groups invested 12.4 trillion won (US$11.6 billion) last year, compared with 8.9 trillion won in 2016, according to the [...]