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S. Korea’s Q3 Jobless Numbers Top 1 mln Mark for the First Time in 19 Years

S. Korea’s Q3 Jobless Numbers Top 1 mln Mark for the First Time in 19 Years

SEOUL, Oct. 14 (Korea Bizwire) – South Korea’s jobless numbers in the third quarter surpassed the 1 million mark for the first time since the country struggled with the fallout of the Asian financial crisis, government data showed Sunday. Numbers released by Statistics Korea showed the average monthly unemployment stood slightly over 1.06 million in [...]

1,900 Teachers Disciplined for Drunk Driving over Past 4 Years

1,900 Teachers Disciplined for Drunk Driving over Past 4 Years

SEOUL, Oct. 11 (Korea Bizwire) — About 1,900 teachers have been disciplined for drunk driving over the past four years, with 16 of them getting fired, education ministry data showed Thursday. A total of 1,883 teachers have been punished with disciplinary measures for driving drunk between 2014 and June this year, according to the ministry [...]

Daycare Center Usage Way Below Gov’t 40 pct Target: Data

Daycare Center Usage Way Below Gov’t 40 pct Target: Data

SEOUL, Oct. 10 (Korea Bizwire) — The proportion of children using national and public kindergartens and childcare centers is expected to hover below 40 percent, short of the government’s target, official data showed Wednesday. President Moon Jae-in earlier set a goal to expand government support for parents with young children, vowing to more than triple [...]

Real Estate Takes up Largest Proportion of S. Koreans’ Assets: Report

Real Estate Takes up Largest Proportion of S. Koreans’ Assets: Report

SEOUL, Oct. 4 (Korea Bizwire) — Real estate accounted for more than half of South Korean households’ total assets, with the rate of homes owned for investments far higher compared to major economies, a report showed Thursday. It is based upon an analysis of features of household assets in five nations — South Korea, the [...]

S. Korean Households’ Excess Funds Shrink in Q2

S. Korean Households’ Excess Funds Shrink in Q2

SEOUL, Oct. 2 (Korea Bizwire) – Excess funds held by South Korean households fell in the second quarter of this year from a quarter earlier on increased purchases of new houses amid a property boom, central bank data showed Tuesday. Net financial funds, covering assets minus liabilities, controlled by households and nonprofit organizations totaled 11 trillion won [...]

Cancer Mortality Rates in South Korea Second Lowest Amongst OECD Nations

Cancer Mortality Rates in South Korea Second Lowest Amongst OECD Nations

SEOUL, Sept. 27 (Korea Bizwire) — The number of Koreans who succumbed to cancer last year was found to be a record high, but compared to other advanced nations, the mortality rate from cancer remained low. Meanwhile, the mortality rate of South Koreans, in general, was low among other leading nations, but deaths from pneumonia, [...]