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S. Korean Adults’ Financial Literacy Higher Than OECD Average: Survey

S. Korean Adults’ Financial Literacy Higher Than OECD Average: Survey

SEOUL, Mar. 7 (Korea Bizwire) — South Korean adults’ financial literacy is higher than the Organization for Economic Cooperation and Development (OECD) average, a report showed Thursday. According to the survey by the Bank of Korea and the Financial Supervisory Service, the financial literacy of South Koreans aged between 18 and 79 came to 67 [...]

January Sees 12% Surge in Online Shopping Amid Record Travel Demand

January Sees 12% Surge in Online Shopping Amid Record Travel Demand

SEOUL, March 5 (Korea Bizwire) – Online shopping sales in South Korea rose 12.1 percent on-year in January on the back of growing demand for tourism and transportation services ahead of the Lunar New Year holiday, data showed Tuesday. The value of online shopping transactions amounted to 20.28 trillion won (US$15.21 billion) in January, up [...]

S. Koreans Spend Over 40 Hrs on YouTube for 1st Time in January: Data

S. Koreans Spend Over 40 Hrs on YouTube for 1st Time in January: Data

SEOUL, Mar. 4 (Korea Bizwire) — South Koreans spent over 40 hours on global video streaming platform YouTube in January, surpassing the mark for the first time, industry data showed Monday. South Koreans users on Android and iOS systems collectively spent a record 111.9 billion minutes on YouTube in January, according to a sample survey [...]

South Koreans’ Annual Working Hours Decrease By 200, Yet Still Significantly Exceed The OECD Average

South Koreans’ Annual Working Hours Decrease By 200, Yet Still Significantly Exceed The OECD Average

SEOUL, March 3 (Korea Bizwire) – The average annual working hours for South Koreans fell by nearly 200 hours over the past decade but still remain about 150 hours longer than the average of the Organization for Economic Cooperation and Development (OECD), data showed Sunday. According to statistics from the Ministry of Employment and Labor, [...]

South Korea’s Marriage Rates Plummet 40% in a Decade, Threatening Future Birthrates

South Korea’s Marriage Rates Plummet 40% in a Decade, Threatening Future Birthrates

SEOUL, Mar. 3 (Korea Bizwire) –In the last ten years, South Korea has seen a significant 40% decrease in the number of marriages, casting uncertainty on the premise of childbirth in a country where marriage traditionally precedes starting a family. Statistics Korea’s December 2023 population trends report and data from the Korean Statistical Information Service [...]

Study Finds Parental Understanding and Consistent Rules Lower Risk of Gaming Overindulgence in Minors

Study Finds Parental Understanding and Consistent Rules Lower Risk of Gaming Overindulgence in Minors

SEOUL, Feb. 29 (Korea Bizwire) – A recent report by the Korea Creative Content Agency has revealed that minors are less likely to overindulge in gaming when their parents have a higher understanding of games and set clear usage guidelines. The findings, detailed in the “2023 Comprehensive Survey on Children and Adolescents’ Gaming Behavior,” were based [...]

Korean Companies Mixed on Future Prospects Amid Global Industry Shifts, Survey Reveals

Korean Companies Mixed on Future Prospects Amid Global Industry Shifts, Survey Reveals

SEOUL, Feb. 29 (Korea Bizwire) – Amid a worldwide shake-up of industrial sectors, Korean firms are experiencing a range of emotions about the future of their key operations, feelings that vary widely depending on the size of the business and the industry it belongs to. A recent survey conducted by the Korea Chamber of Commerce and [...]

ChatGPT Sparks Shift in Online Information Seeking, But Trust Issues Remain Among Users in South Korea

ChatGPT Sparks Shift in Online Information Seeking, But Trust Issues Remain Among Users in South Korea

SEOUL, Feb. 28 (Korea Bizwire) – The advent of ChatGPT is anticipated to transform how we search for information online, yet a recent survey reveals that South Korean users still harbor doubts about the platform’s reliability. Specifically, only 40% of respondents believe the search results provided by ChatGPT are reliable. According to the ’2024 Search Trends [...]

Study Links Higher Resting Heart Rate to Increased Diabetes Risk

Study Links Higher Resting Heart Rate to Increased Diabetes Risk

SEOUL, Feb. 22 (Korea Bizwire) – A recent study has revealed that a higher resting heart rate is associated with an increased risk of developing diabetes, a chronic condition. The Korea Disease Control and Prevention Agency reported that the National Institute of Health used data from 8,313 participants aged 40 and above, who took part in [...]