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Rising High School Dropout Rates Linked to Post-COVID Adjustments and University Admissions Pressure

Rising High School Dropout Rates Linked to Post-COVID Adjustments and University Admissions Pressure

SEOUL, Oct. 9 (Korea Bizwire) –Last year, more than 20,000 high school students left school. This increase is linked to the challenges some students face when transitioning from online to in-person classes after COVID-19. It’s also influenced by the emphasis on timely admissions by major universities in Seoul. Data from the Ministry of Education, covering [...]

Rising Number of Prisoners Prescribed Psychotropic Medications, According to Data

Rising Number of Prisoners Prescribed Psychotropic Medications, According to Data

SEOUL, Oct. 8 (Korea Bizwire) –The number of prisoners taking psychotropic medications while in custody has steadily risen over the past four years, justice ministry data showed Sunday.   A total of 5,741 inmates consumed such medications either through prescription or via mail last year, accounting for 10.8 percent of all inmates in correction facilities, [...]

Police Receive Almost 20,000 Stalking Reports Over the Past 2 Years, According to Data

Police Receive Almost 20,000 Stalking Reports Over the Past 2 Years, According to Data

SEOUL, Oct. 8 (Korea Bizwire) – Police received nearly 20,000 reports of stalking crimes over the past two years since the enactment of the anti-stalking law, police data showed Sunday. As of August, police had received a total of 19,394 reports of stalking since the anti-stalking law went into effect in October 2021, according to [...]

TB Cases on the Rise in South Korea After Years of Decline: Budget Cuts Raise Concerns

TB Cases on the Rise in South Korea After Years of Decline: Budget Cuts Raise Concerns

SEOUL, Oct. 6 (Korea Bizwire) –After 11 years of decreasing, the number of TB (tuberculosis) cases is now going up. This is happening because people are interacting more with each other as the COVID-19 pandemic gets better. For the past 11 years, the number of TB cases has been going down. It was decreasing by [...]

Book Spending by Young Households Dips Below 10,000 Won a Month for the First Time

Book Spending by Young Households Dips Below 10,000 Won a Month for the First Time

SEOUL, Oct. 3 (Korea Bizwire) –The average monthly expenditure on books by households in their 20s and 30s has dropped below 10,000 won for the first time, marking a significant shift in spending habits. To put this into perspective, it’s interesting to note that the average cost of a lunch for an office worker this [...]

2023 Sees Surge in Insider Stock Ownership Among Conglomerates

2023 Sees Surge in Insider Stock Ownership Among Conglomerates

SEOUL, Oct. 3 (Korea Bizwire) – Insider stock ownership at South Korea’s family-run conglomerates rose in 2023 from a year earlier, data showed Tuesday, as more founding members sought to tighten their grip on management. The insider stock ownership rate of 72 conglomerates that have group owners reached 61.2 percent this year, up 1.3 percentage [...]

Explosive Growth in Online E-Coupon Services as Non-Face-to-Face Gifting Culture Takes Root Post-Pandemic

Explosive Growth in Online E-Coupon Services as Non-Face-to-Face Gifting Culture Takes Root Post-Pandemic

SEOUL, Oct. 3 (Korea Bizwire) –The market for online e-coupon services, which provide gift certificates in the form of barcodes, is experiencing rapid growth. This surge can be attributed to the sustained popularity of non-face-to-face gifting practices that emerged during and after the COVID-19 pandemic. The online shopping industry anticipates that the transaction value of [...]

S. Koreans’ Happiness Rising Slowly But Surely: Presidential Panel

S. Koreans’ Happiness Rising Slowly But Surely: Presidential Panel

SEOUL, Oct. 3 (Korea Bizwire) — South Koreans’ happiness level is rising slowly but surely, unlike what the country’s ranking on happiness indices might suggest, according to a presidential committee promoting national cohesion. The Presidential Committee of National Cohesion said in a paper published last month that it reached the conclusion after comparing and analyzing [...]

In 2021, Average Earnings for the Top 1% of Singers Reach 4.6 Billion Won Per Person: Data Reveals

In 2021, Average Earnings for the Top 1% of Singers Reach 4.6 Billion Won Per Person: Data Reveals

SEOUL, Sept. 30 (Korea Bizwire) – The top 1 percent of South Korean singers in terms of income earned an average of 4.62 billion won (US$3.4 million) per person in 2021, with their aggregate income accounting for nearly 70 percent of that earned by all singers in the country that year, data showed Saturday. A [...]