SEOUL, Dec. 17 (Korea Bizwire) – The number of properties auctioned off due to loan defaults in South Korea is on track to hit its highest level in 11 years, reflecting the combined impact of soaring interest rates and a sluggish real estate market. Sharp Rise in Property Auctions Data from the Court Registration Information Plaza [...]
SEOUL, Dec. 12 (Korea Bizwire) – Seoul has the highest concentration of doctors per capita in South Korea, with 479 physicians per 100,000 insured residents, according to the National Health Insurance Service’s 2023 Regional Healthcare Statistics report. The capital accounts for 28% of the country’s medical workforce, reflecting its role as the nation’s healthcare hub. Key [...]
SEOUL, Dec. 3 (Korea Bizwire) – Single-person households in South Korea have reduced spending due mainly to high housing expenses and a tough job market situation, affecting the recovery of private consumption, a central bank report showed Tuesday. The proportion of one-person households out of the country’s total has been on a constant increase from [...]
SEOUL, Dec. 3 (Korea Bizwire) – South Korea’s adult smoking rates have climbed, reversing a years-long decline, particularly among men in their 50s and women in their 20s, according to a report released by the Korea Disease Control and Prevention Agency (KDCA). Obesity rates also surged among younger adults, while nearly half of men in their [...]
SEOUL, Nov. 28 (Korea Bizwire) – The mental health of elementary school staff in South Korea is under scrutiny as nearly 10,000 employees reported suffering from depression in 2023, according to data released by the National Health Insurance Service. This alarming trend follows a high-profile incident involving the suicide of a new teacher at an elementary [...]
SEOUL, Nov. 23 (Korea Bizwire) – Smoking and drinking among South Korean adolescents have dropped to one-third of their levels from two decades ago, according to a new report. However, concerning trends in mental health and dietary habits, including a sharp rise in skipped breakfasts, highlight the need for greater focus on youth well-being. The Korea [...]
SEOUL, Nov. 23 (Korea Bizwire) – As Seoul’s major department stores unveil their elaborate Christmas decorations, demand for nearby parking has surged, according to car-sharing platform Socar. Between November 1 and 20, parking ticket transactions near five major department stores within 500 meters surpassed the total for all of November last year, with viewership of parking [...]
SEOUL, Nov. 10 (Korea Bizwire) – A recent survey has unveiled distinct gender differences in how divorced South Koreans experience newfound freedom, with men prioritizing unrestricted travel while women most appreciate being able to treat traditional holidays as personal vacation time. The study, conducted jointly by matchmaking agencies Only You and Bien-Aller, surveyed 536 divorced individuals [...]
SEOUL, Nov. 3 (Korea Bizwire) – A new report has revealed that only 4 out of 10 newly employed wage workers in South Korea remain at their initial workplace after one year, highlighting ongoing concerns about job stability among new entrants to the workforce. According to an analysis published November 3 by the Korea Employment Information [...]
SEOUL, Oct. 30 (Korea Bizwire) – Household loan growth continued in October, rising slightly higher than the previous month, the country’s chief regulator said Wednesday, but added that it is unclear whether tightened curbs on loans for home rent would be implemented this year. Kim Byoung-hwan, head of the Financial Services Commission (FSC), told reporters [...]