SEOUL, Dec. 31 (Korea Bizwire) — With South Korea’s gross national income (GNI) expected to surpass US$30,000 this year, some predict that the domestic dining market will decline in the coming year. According to Prof. Choi Kyu-wan of Kyunghee University, the dining industry goes through three stages with economic and social development: a growth period, [...]
SEOUL, Dec. 31 (Korea Bizwire) — If young job seekers find job a year early, their first marriage is likely to occur three months earlier, according to a report from the National Assembly Budget Office. The report is based on a youth panel survey, which tracks approximately 10,000 young adults aged 15 to 29. The [...]
SEOUL, Dec. 30 (Korea Bizwire) — More than 1 in 10 South Korean senior citizens suffer from dementia, data showed Sunday, with the number of patients anticipated to reach 2 million by 2039 due to the rapidly aging population. According to the data compiled by the National Institute of Dementia (NID), 10.2 percent of South [...]
SEOUL, Dec. 30 (Korea Bizwire) — State-run Korea Centers for Disease Control & Prevention said Sunday that South Koreans must improve their dining habits by consuming less salt and eating regularly. Based on its survey conducted on 15,954 people aged 19 and above, the center said South Koreans earned a grade of 63.3 out of [...]
SEOUL, Dec. 28 (Korea Bizwire) — A recent study has argued that accepting refugees en masse can incur short-term financial risk, but helps economic growth in the long run. Park Bok-yeong, a professor at Kyunghee University’s Graduate School of International Studies, claimed that despite the short-term financial risk that comes with an inflow of refugees, [...]
SEOUL, Dec. 28 (Korea Bizwire) — Small business owners spend an average of 840,000 won (US$716) a month on online delivery service applications. Of the money spent, half of it is spent on advertising via the application. Business owners want half of what they are spending on the application, 200,000 won, for advertisements. This data [...]
SEJONG, Dec. 27 (Korea Bizwire) — South Korea’s top 10 companies accounted for 36.2 percent of the country’s exports in 2017, data showed Thursday, in the latest sign of economic domination by family-controlled conglomerates. The data compiled by Statistics Korea and the Korea Customs Service showed that the combined outbound shipments of the 10 companies [...]
SEOUL, Dec. 27 (Korea Bizwire) — The Korea Centers for Disease Control and Prevention conducted a nationwide online survey with the participation of 1,000 people over 19 years of age, inquiring about their willingness to donate organs and tissue. The results indicated that 7 out of 10 participants were willing to be donors. While most [...]
SEOUL, Dec. 27 (Korea Bizwire) — The survival rate of South Korean cancer patients topped 70 percent in 2016, sharply up from a decade ago, government data showed Thursday. The rate of people being diagnosed with cancer and living more than five years came to 70.6 percent between 2012 and 2016, up from 54 percent [...]
SEOUL, Dec. 27 (Korea Bizwire) — A recent study has revealed that South Korean men are twice as likely to suffer from depression after retirement compared to women. The Korea Institute for Health and Social Affairs (KIHASA) revealed on Wednesday how retirement can affect the psychological health of individuals. The study showed that the CES-D, [...]