SEOUL, Sept. 15 (Korea Bizwire) — Around 45 percent of household heads over 65 years of age engaged in wage worker earn less than 1 million won (US$717) each month, data showed Wednesday. Statistics Korea reported that 44.6 percent of wage workers over 65 years of age make less than 1 million won in labor [...]
SEOUL, Sept. 15 (Korea Bizwire) — A majority of English cram schools for kids turned out to charge monthly tuition of more than 1 million won (US$716), a data showed Wednesday. The number of English-language private education facilities for kids stood at 745 as of the end of June, according to the data that independent [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea is expected to become the country with the largest share of people aged 65 years or older in the world in 2044 due to rapid aging, data showed Monday. The proportion of senior citizens in South Korea is forecast to account for 36.7 percent of the total [...]
SEOUL, Sept. 4 (Korea Bizwire) — Foreigners’ net stock purchases reached nearly 4 trillion won (US$2.9 billion) in the South Korean stock markets last month despite the won’s weakness against the dollar, data showed Sunday. In August, foreigners bought 3.98 trillion won worth of stocks in the main KOSPI, tech-heavy KOSDAQ and small businesses-focused KONEX [...]
SEOUL, Sept. 1 (Korea Bizwire) — Online shopping in South Korea rose 8.8 percent on-year in July as eased COVID-19 restrictions bolstered demand for travel and leisure services, and online grocery shopping continued to grow, data showed Thursday. The value of online shopping transactions came to 17 trillion won (US$12.6 billion) in July, compared with [...]
SEOUL, Sept. 1 (Korea Bizwire) — One in 5 foreign nationals staying in South Korea are illegal immigrants, with the number of undocumented immigrants rising to nearly 400,000, government data showed Thursday. According to the data compiled by the Ministry of Justice, 395,068 foreigners were staying in the country without a valid visa in July, [...]
SEOUL, Aug. 31 (Korea Bizwire) — The number of cases officially deemed as child abuse incidents in South Korea grew 21.7 percent in 2021 from a year ago amid an increase in reports to authorities for intervention, a government report showed Wednesday. According to an annual welfare ministry report submitted to the National Assembly, the [...]
SEOUL, Aug. 31 (Korea Bizwire) — The number of startups in South Korea fell nearly 5 percent in the first half of the year due mainly to a plunge in new real estate businesses, government data showed Wednesday. A total of 696,000 new companies were set up in the country in the January-June period, down [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea’s rice paddy area inched down 0.7 percent in 2022 from last year as farmers opted to grow other crops due to falling prices of the staple grain, data showed Tuesday. The country’s rice cultivation area came to 727,158 hectares — slightly more than half the size of [...]
SEOUL, Aug. 25 (Korea Bizwire) — Seoul’s affluent Gangnam District has the highest average salary per resident among all cities, counties and districts in the country, a lawmaker said Wednesday. Rep. Kim Hoi-jae of the main opposition Democratic Party analyzed the Annual National Tax Statistics report, which showed that each Gangnam resident made an average [...]