SEJONG, Dec. 18 (Korea Bizwire) — More than half of middle-aged South Koreans are in debt, government data showed Tuesday, in the latest sign of growing household debt in Asia’s fourth-largest economy. The data compiled by Statistics Korea showed that 55.2 percent of people, aged between 40 and 64, borrowed money from banks or other [...]
SEOUL, Dec. 12 (Korea Bizwire) — South Korea’s performing arts market, which includes musicals, plays and classical music, rebounded in 2017, apparently reflecting political and social stability after the presidential election in May that year, officials said Wednesday. According to data released by the Ministry of Culture, Sports and Tourism and the Korea Arts Management [...]
SEOUL, Dec. 12 (Korea Bizwire) — The number of infants born in Seoul came to an average of 179 per day last year, dipping below the threshold of 200 for the first time as more people are delaying or shunning marriage, data released Wednesday by the Seoul metropolitan government showed. According to the Seoul Statistics [...]
SEJONG, Dec. 11 (Korea Bizwire) — Nearly four out of every 10 newlywed couples had no children last year, government data showed Tuesday, in the latest sign of South Korea’s chronic low birthrate. Among 1.38 million newlywed couples — who have been legally married for less than five years as of Nov. 1, 2017 — [...]
SEOUL, Dec. 10 (Korea Bizwire) — A recent survey has revealed that 49.1 percent of female salaried employees living with a child under 18 years of age were paid less than 2 million won (US$1,773) per month. Compared to all salaried employees, 10.8 percent more working moms made less than 2 million won per month. [...]
SEOUL, Dec. 9 (Korea Bizwire) — The operating profits of South Korea’s listed companies belonging to the largest conglomerates contracted in the January-September period of this year if the numbers for Samsung Electronics Co. and SK hynix are excluded, a local business tracker said Sunday. The total for the 94 companies, not counting the two [...]
SEJONG, Dec. 3 (Korea Bizwire) — South Korean babies born in 2017 are expected to live more than 82 years, government data showed Monday, as a growing number of people take care of their health by receiving regular medical checkups and treatment. Life expectancy at birth averaged 82.7 years in 2017, three months longer than [...]
SEJONG, Nov. 29 (Korea Bizwire) — Just over 1 in 5 married women in South Korea stopped working due to marriage, having children and taking care of them, and other family-related obligations, data showed Thursday. According to the data by Statistics Korea, the number of women who gave up their jobs due to marriage and [...]
SEOUL, Nov. 28 (Korea Bizwire) — New foreign direct investment (FDI) pledged to South Korea has surpassed the previous record high, led by rising interest in the nation’s high-tech industries and startups in emerging sectors, government data showed Wednesday. South Korea received US$23.04 billion worth of FDI commitments as of Tuesday, already breaking last year’s [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korea’s consumer sentiment slid to a 21-month low in November due to escalating concerns over an economic downturn, a central bank poll showed Tuesday. The composite consumer sentiment index (CCSI) for this month stood at 96.0, down 3.5 points from October, according to the Bank of Korea (BOK). [...]