SEOUL, Nov. 26 (Korea Bizwire) — South Korea now has the highest employment rate among seniors in the OECD, a trend driven less by choice than by economic hardship as the country enters an era of rapid population aging. A report released Wednesday by Oh Yoo-jin, a researcher at the National Pension Research Institute, shows that [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea’s real estate slowdown has pushed the number of active licensed realtors below 110,000 for the first time in more than five years, as prolonged policy tightening and weak housing demand reshape the industry. According to data released Wednesday by the Korea Association of Realtors, 109,979 real estate agents [...]
SEOUL, Nov. 25 (Korea Bizwire) — A majority of South Koreans continue to believe that antibiotics help cure the common cold, even though decades of scientific research show they offer virtually no benefit and can increase harmful side effects, according to a new government survey released this month. The Korea Disease Control and Prevention Agency (KDCA) [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korea’s largest companies have expanded their executive ranks more than three times faster than their employee headcounts over the past five years, widening internal hierarchies even as some industries shed staff, a new analysis shows. According to data released Nov. 25 by corporate research firm Leaders Index, 331 major [...]
SEOUL, Nov. 24 (Korea Bizwire) — Parents raising twins in South Korea face significantly heavier childcare burdens than those raising a single child, with nearly 40 percent reporting they have no one to turn to during emergencies, according to a new survey released Sunday. The Korea Population, Health and Welfare Association (KoPHWA) surveyed 718 parents of [...]
SEOUL, Nov. 24 (Korea Bizwire) — The number of Seoul households in their 30s without a home climbed to an all-time high last year, even as homeownership among the same age group fell to its lowest level since records began, government data showed Sunday. According to the National Data Office, 527,729 Seoul households headed by someone [...]
SEOUL, Nov. 22 (Korea Bizwire) — Kimchi, long celebrated as a flagship of K-food and a global superfood, is inseparable from kimjang — the centuries-old Korean tradition of preparing and storing large quantities of kimchi in early winter. As temperatures drop, many South Korean households still gather to salt cabbage, mix spices and fill jars in [...]
SEOUL, Nov. 20 (Korea Bizwire) – One in five married women with children experienced career interruptions this year, government data showed Thursday, marking the lowest level largely due to change in social perception and improved work–life balance policies. The number of married women aged 15 to 54 living with children under the age of 18 [...]
SEOUL, Nov. 19 (Korea Bizwire) — A large majority of South Korean workers say the country’s labor market is fundamentally unequal, reflecting long-standing structural divides between large conglomerates and smaller firms, according to new research presented at a major labor conference in Seoul on Tuesday. The survey, released at the 30th-anniversary forum of the Federation [...]
SEOUL, Nov. 19 (Korea Bizwire) — A large majority of South Korean workers in their 20s and 30s say the country should extend the legal retirement age, reflecting deepening economic anxieties and concerns about old-age security, according to a new survey released Wednesday. The poll, conducted by Remember & Company, which operates the professional networking [...]