SEOUL, Dec. 27 (Korea Bizwire) — The employment rate of graduates of domestic colleges and graduate schools fell to 66.2 percent in 2017, a report by the Ministry of Education and the Korean Educational Development Institute said Thursday. Last year’s employment rate of the highly educated graduates was the lowest since the ministry and the [...]
SEOUL, Dec. 26 (Korea Bizwire) — Areas with a higher number of households that pay monthly rent for housing have more schools, while areas with residents who own their homes have more hospitals. In addition, in areas with a high proportion of households living in rented homes, there is a trend towards an increase in [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Korean adults have twice the level of harmful toxic chemicals in their bodies as youths, the Ministry of Environment said Wednesday, citing a state laboratory’s research. According to the National Institute of Environmental Research’s study on 6,167 South Korean people from 2015 to 2017, the blood lead level [...]
SEOUL, Dec. 26 (Korea Bizwire) — Amid the controversy over the revision of the minimum wage act, which includes a weekday off, South Korean companies are facing a complicated wage system. At the same time, South Korean companies have shown greater flexibility with wage increases than in Japan, meaning wages will naturally increase as service [...]
SEOUL, Dec. 24 (Korea Bizwire) — South Korea-Vietnam relations are drawing closer than ever as tourism exchanges have soared in recent months. Vietnamese media reported on Sunday that approximately 3.16 million South Koreans have visited Vietnam this year, an increase of 46.5 percent compared to last year. The Vietnam National Administration of Tourism expected more [...]
SEOUL, Dec. 24 (Korea Bizwire) — South Korean senior citizens are less satisfied with their lives than other age groups, government data showed Monday, as many cope with poverty compared with younger people. The 2017 data compiled by Statistics Korea showed that people aged 65 and older had 2.87 points on a scale of 1 [...]
SEOUL, Dec. 24 (Korea Bizwire) — Franchisees on average shuttered their businesses in just over four years, government data showed Monday, in the latest sign of troubles facing small entrepreneurs. The 2015 data compiled by Statistics Korea showed that franchisees ran their stores for 52 months before closing them. By sector, franchisees of pharmaceutical businesses [...]
SEOUL, Dec. 23 (Korea Bizwire) — The average total costs of generating solar energy in South Korea will go down below 100 won (US$0.1) per 1 kilowatt hour five years later, a parliamentary report said Sunday. According to the report, the levelized cost of energy (LCOE) of solar power will decline to below 100 won [...]
SEOUL, Dec. 21 (Korea Bizwire) — A new study conducted by South Korean researchers has revealed that visceral fat increases the risk of depression among women. Prof. Cho Sung-jun and his team at Seoul National University Hospital studied the relationship between visceral fat and depression by looking into 7,238 patients who received treatment at the [...]
SEOUL, Dec. 21 (Korea Bizwire) — New data shows that wealthy South Koreans are more indebted than ever, meaning that so called “the rich getting richer” phenomenon in household debts is becoming ever more serious. It is estimated that the top income bracket borrowed additional money to purchase real estate, but higher housing prices led [...]