SEOUL, Nov. 8 (Korea Bizwire) – The number of foreign residents in South Korea has hit a record high at nearly 2.26 million, with foreign students increasing by 21 percent year-on-year to fuel the jump, the interior ministry said Wednesday. As of Nov. 1, 2022, the number of foreign residents had stood at around 2.258 [...]
Jakarta, Nov. 8 (Korea Bizwire) – South Korea holds the top spot as the most desired destination for Indonesians to visit, with over 60 percent expressing that they find the country “suitable” as a model for their own nation’s development. A recent survey conducted by the Embassy of the Republic of Korea in Indonesia revealed that [...]
SEOUL, Nov. 8 (Korea Bizwire) – A recent survey has revealed that over 70 percent of Korean adults have expressed intent to make financial investments for the pursuit of ‘Godsaeng,’ a term coined to represent a diligent and exemplary life. ‘Godsaeng’ is a neologism formed by combining ‘God’ and ‘saeng’ (meaning ‘life’ in Korean) and signifies [...]
SEOUL, Nov. 3 (Korea Bizwire) – Cigarette smoking is exacting a grim toll on both lives and finances in South Korea. According to the Korea Disease Control and Prevention Agency (KDCA), nearly 60,000 lives are claimed annually, and the economic cost stands at a staggering 12 trillion won. To combat this societal burden, experts from various [...]
SEOUL, Nov. 2 (Korea Bizwire) – A recent survey has revealed that middle-aged individuals in South Korea aspire to continue their economic activity until the age of 69, on average. However, their average retirement age is actually around 50. According to the findings from the 2023 survey on older adults’ job-seeking activities, released by the Tomorrow [...]
SEOUL, Oct. 31 (Korea Bizwire) – The percentage of high-risk drinkers, who consume a significant amount of liquor more than twice a week, has decreased among men but increased among women. High-risk drinking is now particularly prevalent among men in their 50s and women in their 30s. On Monday, the Korea Disease Control and Prevention Agency [...]
SEJONG, Oct. 31 (Korea Bizwire) – Roughly 8 out of every 10 individuals in the top 1 percent of income earners are concentrated in metropolitan areas. This highlights a pronounced concentration of high-quality employment opportunities in urban regions, leading to concerns regarding regional disparities. Data from the National Tax Service, presented to the National Assembly and [...]
SEOUL, Oct. 30 (Korea Bizwire) – The number of foreign visitors to South Korea stayed above 1 million for the third consecutive month in September, data showed Monday. Last month, around 1.1 million foreign nationals came to Korea, up 225.2 percent from a year ago, according to the data by the Korea Tourism Organization (KTO). [...]
SEOUL, Oct. 30 (Korea Bizwire) – A survey has revealed that workers tend to perceive working from home as less efficient as they advance in rank within a company. However, those in high-ranking positions who have experience with remote work expressed a higher level of satisfaction with it. On Sunday, the civic organization Jikjang Gapjil 119 [...]
SEJONG, Oct. 30 (Korea Bizwire) – A recent study has shed light on the substantial income growth within the field of medicine, often perceived as a high-paying profession. In the past seven years, physician income has surged at an impressive rate, outpacing other leading professions, such as lawyers. Compared to lawyers, who are traditionally considered to [...]