SEOUL, Oct. 18 (Korea Bizwire) – The smoking rate for South Korean men aged 19 or older fell last year, the health ministry said Thursday, a sign that the country’s strong anti-smoking campaign paid off. The rate of men smoking substantially decreased in 2017, the Ministry of Health and Welfare said, without elaborating. The ministry [...]
SEOUL, Oct. 14 (Korea Bizwire) – South Korea’s jobless numbers in the third quarter surpassed the 1 million mark for the first time since the country struggled with the fallout of the Asian financial crisis, government data showed Sunday. Numbers released by Statistics Korea showed the average monthly unemployment stood slightly over 1.06 million in [...]
SEOUL, Oct. 11 (Korea Bizwire) — About 1,900 teachers have been disciplined for drunk driving over the past four years, with 16 of them getting fired, education ministry data showed Thursday. A total of 1,883 teachers have been punished with disciplinary measures for driving drunk between 2014 and June this year, according to the ministry [...]
SEOUL, Oct. 10 (Korea Bizwire) — The proportion of children using national and public kindergartens and childcare centers is expected to hover below 40 percent, short of the government’s target, official data showed Wednesday. President Moon Jae-in earlier set a goal to expand government support for parents with young children, vowing to more than triple [...]
SEJONG, Oct. 8 (Korea Bizwire) — The value of unpaid household work, such as meal preparation and child care, was estimated at 361 trillion won (US$319 billion) in 2014, state data showed Monday. The 2014 figure was up 90.1 trillion won, or 33 percent, from five years earlier, according to the data released by Statistics [...]
SEOUL, Oct. 8 (Korea Bizwire) — As a flood of theme parks and gaming centers featuring virtual reality (VR) content have been attracting customers, a new survey highlighting the interest in VR content by the mass public was published yesterday. According to the market research firm Embrain, 81.3 percent of 1,000 adult respondents between the [...]
SEJONG, Oct. 7 (Korea Bizwire) – The number of South Korean employees in their 30s and 40s suffered the biggest fall since 2009, government data showed Sunday, in the latest sign of sluggish employment amid an economic slowdown. The data compiled by Statistics Korea showed that the average number of employed people in their 30s [...]
SEOUL, Oct. 5 (Korea Bizwire) — Due to the increase in the aging population and decrease of a productive workforce, local insurance companies are expected to go through “degrowth.” According to the Korea Insurance Research Institute (KIRI), the insurance premiums of insurance companies are expected to fall 1.7 percent per year by 2022 compared to [...]
SEOUL, Oct. 4 (Korea Bizwire) — Real estate accounted for more than half of South Korean households’ total assets, with the rate of homes owned for investments far higher compared to major economies, a report showed Thursday. It is based upon an analysis of features of household assets in five nations — South Korea, the [...]
SEOUL, Oct. 2 (Korea Bizwire) – Excess funds held by South Korean households fell in the second quarter of this year from a quarter earlier on increased purchases of new houses amid a property boom, central bank data showed Tuesday. Net financial funds, covering assets minus liabilities, controlled by households and nonprofit organizations totaled 11 trillion won [...]