SEOUL, Dec. 5 (Korea Bizwire) — South Korea’s household wealth gap widened last year, driven largely by sharp gains in real estate values, according to a nationwide financial welfare survey released on Thursday by the Bank of Korea, the National Data Policy Office, and the Financial Supervisory Service. As of March 2025, the average household’s net [...]
SEOUL, Dec. 5 (Korea Bizwire) — More than half of South Koreans watch news on YouTube every day, and a growing share now views content produced by non-traditional creators — individuals and small businesses — as legitimate news media, according to new research presented at a national policy forum on Thursday. The survey, conducted in August [...]
SEOUL, Dec. 3 (Korea Bizwire) — South Korea’s newest generation is expected to live longer than any before it. Government data released Wednesday show that babies born in 2024 can expect an average lifespan of 83.7 years — a modest increase from the year prior, but another step in a long arc of rising longevity. [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korea’s average household income rose for the ninth consecutive quarter in the third quarter of this year, partly driven by a sharp increase in transfer income, government data showed Thursday. The average monthly income of households came to 5.44 million won (US$3,699) in the July-September period, up 3.5 [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea’s birth figures ticked upward again in September, marking the fifteenth straight month of increase—a rare run of positive news for a country long synonymous with demographic freefall. According to government data released Wednesday, 22,369 babies were born in September, an 8.6-percent rise from a year earlier and the [...]
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. 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 [...]