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No Silver Spoon, No Social Mobility

No Silver Spoon, No Social Mobility

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 [...]

Floating Solar Farms Have Limited Impact on Environment: KRC

Floating Solar Farms Have Limited Impact on Environment: KRC

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 [...]

Ads for Financial Products are Exaggerated: Poll

Ads for Financial Products are Exaggerated: Poll

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 [...]

S. Koreans Increasingly Likely to Forego Marriage

S. Koreans Increasingly Likely to Forego Marriage

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 [...]

Poll Shows 8 in 10 S. Koreans Experience Secondhand Smoke from Neighbors

Poll Shows 8 in 10 S. Koreans Experience Secondhand Smoke from Neighbors

SEOUL, Jan. 8 (Korea Bizwire) — As many as eight in 10 South Koreans have experienced exposure to secondhand smoke from neighbors, but most of them refrained from making complaints, a poll showed Tuesday. The survey of 1,542 residents in Gyeonggi Province, the nation’s most populous province that surrounds Seoul, found that 1,197 respondents, or [...]

S. Korean Teens Spend 2 Hours Daily on Online Broadcasts

S. Korean Teens Spend 2 Hours Daily on Online Broadcasts

SEOUL, Jan. 6 (Korea Bizwire) — South Korean teenagers spend two hours a day watching online broadcasts streamed by individual creators, a survey showed Sunday, with YouTube being the most popular platform. According to the survey compiled by the Korea Communications Standards Commission conducted on 1,058 respondents, South Korean teenagers spent 114.9 minutes every day [...]

68 pct of Seoulites Support Kim Jong-un’s Visit to the S. Korean Capital

68 pct of Seoulites Support Kim Jong-un’s Visit to the S. Korean Capital

SEOUL, Dec. 31 (Korea Bizwire) – Two out of three Seoulites said they support Kim Jong-un’s visit to Seoul. Seoul Metropolitan Government conducted an online survey of 2,000 people living in Seoul, 68 percent of whom said they support Kim Jong-un’s visit to Seoul. Another 22.4 percent said they oppose the idea. A total of [...]