SEJONG, Feb. 27 (Korea Bizwire) — South Korea’s total fertility rate hit a record low of 0.98 in 2018, government data showed Wednesday, a clear warning that Asia’s fourth-largest economy may face a population decline going forward. The total fertility rate refers to the average number of children a woman bears in her lifetime. The [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s sports market grew in 2017, but its profitability went down, a report by the sports ministry showed Wednesday. The number of companies in the industry was reported at 101,207 in 2017, up 6.3 percent from the previous year, according to the report released by the Ministry of [...]
SEJONG, Feb. 26 (Korea Bizwire) — The production index for restaurants dropped by the largest margin to date last year, state data showed Tuesday, showing the weakness of the business segment that self-employed people heavily rely on. The index dropped to 94 last year from 97.2 a year earlier, the biggest fall since record keeping [...]
SEOUL, Feb. 26 (Korea Bizwire) — A recent survey revealed that tourists who go on walking tours in locations like the Jeju Olle Trail tend to be happier than others who do not. In a recent study conducted by the Korea Tourism Organization, 60 percent of walking tourists said they were happy. For non-walking tourists, [...]
SEOUL, Feb. 25 (Korea Bizwire) — Digital information access among underprivileged people in South Korea improved in 2018 from the previous year, a poll showed Monday. According to the survey of 15,000 people nationwide, the digital information level among so-called digitally vulnerable groups stood at 68.9 percent of the average for all South Koreans last [...]
DEAJEON, Feb. 25 (Korea Bizwire) — A recent study has revealed that humans are just as capable as other animals of finding north without a compass. The National Research Foundation of Korea in Daejeon announced on Sunday that a research team led by Prof. Chae Kwon-seok from Kyungpook National University confirmed that humans also have [...]
SEOUL, Feb. 25 (Korea Bizwire) — South Korea’s direct purchases from foreign countries rose 31 percent in 2018 from a year earlier on rising consumer demand for cheaper and higher quality products, customs data showed Monday. South Korean shoppers bought a total of US$2.75 billion worth of foreign goods directly via overseas Internet shopping malls [...]
SEOUL, Feb. 25 (Korea Bizwire) — Married women typically want to have two children but give up on their plans because of the cost of child rearing, a report said Monday. The Korea Institute for Health and Social Affairs canvassed approximately 11,000 women nationwide aged 15 to 49 for the report. Results said women on [...]
SEOUL, Feb. 25 (Korea Bizwire) — South Korea remained the top country where women workers face low wages, a report from the Organization for Economic Cooperation and Development (OECD) said Monday. Data from 2017 showed that 35.3 percent of female workers in South Korea were being paid low wages. Employees who were getting less than [...]
SEOUL, Feb. 24 (Korea Bizwire) — Nine out of 10 South Koreans used the Internet last year, with Internet usage growing among senior people, a poll showed Sunday. According to the poll conducted on 59,970 people belonging to 25,000 households by the Ministry of Science and ICT in 2018, 91.5 percent of South Koreans used [...]