SEOUL, Jan. 13 (Korea Bizwire) — South Koreans in their forties and fifties were hit hardest by the tougher job market last year stemming from protracted corporate restructuring and an economic downturn, government data showed Sunday. The country’s employment rate — the portion of hired people to the working-age population — reached 60.7 percent in [...]
SEOUL, Jan. 13 (Korea Bizwire) – The gap in research and development (R&D) investment between South Korea’s small and medium-sized businesses and big companies is widening, a local think tank said Sunday, a development that can pose economic challenges going forward. The report by the Korea Small Business Institute (KOSBI) showed that while small and medium-sized enterprises [...]
SEOUL, Jan. 11 (Korea Bizwire) — According to a survey of 1,000 citizens over 19 years old from December 6 to 11 conducted by the Seoul Metropolitan Government, 94.9 percent of respondents were satisfied with the city’s bicycle-sharing service. The satisfaction level has continued to rise, from 85.5 percent in the first half of 2016 [...]
SEOUL, Jan. 11 (Korea Bizwire) — A recent study has shown that the miscarriage rate in South Korea is three times higher than average in areas without obstetrics hospitals or clinics. A research team led by Professor Lee Jin-yong from Seoul National University announced the results on Thursday after conducting a study of 371,341 females [...]
SEOUL, Jan. 10 (Korea Bizwire) — The number of dedicated global fans of “hallyu,” or the Korean Wave, is estimated to have surged to about 90 million at the end of last year, a government-affiliated foundation said Thursday. The Korea Foundation said in a report that there were 1,843 hallyu fan clubs in 113 countries [...]
SEOUL, Jan. 10 (Korea Bizwire) — A recently released report from the Korea Institute for Health and Social Affairs indicates that the number of young adults hoping for higher social status has sharply decreased. Young adults no longer believe moving up the social hierarchical ladder is possible without inheriting wealth from their parents. Not so [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s state-run agricultural company said Thursday that floating solar farms have limited impact on the environment, dismissing criticisms by some conservationists. The Korea Rural Community Corporation (KRC) released a report that compares reservoirs with and without floating solar panels and claimed that there were no significant changes in [...]
SEOUL, Jan. 9 (Korea Bizwire) — About 60 percent of South Koreans say that advertisements for financial products are exaggerated, a survey showed Wednesday, underscoring customers’ mistrust towards the sector as a whole. The survey, conducted by Gallup Korea and commissioned by the Financial Services Commission (FSC), showed that 60.7 percent of the 2,194 respondents [...]
SEOUL, Jan. 8 (Korea Bizwire) — Amid South Korea’s rapid decrease in the number of marriages, the rate of unmarried people in their mid-30s and under has already surpassed that of Japan, which has already experienced a surge in celibacy. A new study conducted by the Korea Institute for Health and Social Affairs reports that [...]
SEOUL, Jan. 8 (Korea Bizwire) — Nearly half of South Koreans believe that the country’s tax policy favors the rich, a poll showed Tuesday. The poll — commissioned by the Economic Reform Research Institute — found that 48.9 percent of respondents said they think the wealthy are at an advantage in regards to tax policy. [...]