SEOUL, Dec. 31 (Korea Bizwire) — Telemedicine consultations in South Korea reached a cumulative 11 million cases in 2024, reflecting a growing reliance on remote healthcare services for non-urgent conditions, according to the Remote Medical Industry Council (RMIC), a consortium of telemedicine platform companies. The RMIC reported that remote consultations were most commonly used for mild [...]
SEOUL, Dec. 29 (Korea Bizwire) — Purchasing a home in Seoul remains a significant financial challenge, with residents needing to save their entire salaries for 13 years to afford a property, according to data released by South Korea’s Ministry of Land, Infrastructure, and Transport on Friday. The report highlights ongoing housing affordability issues across the country, [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea has the highest traffic fatality rate for seniors among OECD member countries, with elderly suicides also remaining alarmingly high despite recent declines, according to a 2024 report. Data reveals that the number of elderly suicides is over 2.6 times greater than traffic-related deaths. A study by Professor Jung [...]
SEOUL, Dec. 26 (Korea Bizwire) —In the ever-evolving economic landscape of South Korea, Millennials—those born in the 1980s—have emerged as a cornerstone of the nation’s financial vitality. According to a new report from Woori Financial Group, this generation is navigating a delicate balance between robust earnings, strategic investments, and cautious spending, all while reshaping economic [...]
SEOUL, Dec. 26 (Korea Bizwire) —Sejong emerged as the leading region for work-life balance in South Korea in 2023, according to a report released by the Ministry of Employment and Labor on Wednesday. The region excelled in providing optimal working hours, leisure opportunities, and effective implementation of work-family integration policies. The annual Regional Work-Life Balance [...]
SEOUL, Dec. 25 (Korea Bizwire) — South Korea has officially entered the ranks of a “super-aged society,” with one in five residents now aged 65 or older, sparking renewed debate over raising the official age threshold for seniors. The issue is tied to pressing concerns such as pension reform, retirement age extension, and the economic strain [...]
SEOUL, Dec. 17 (Korea Bizwire) – The number of properties auctioned off due to loan defaults in South Korea is on track to hit its highest level in 11 years, reflecting the combined impact of soaring interest rates and a sluggish real estate market. Sharp Rise in Property Auctions Data from the Court Registration Information Plaza [...]
SEOUL, Dec. 12 (Korea Bizwire) – Seoul has the highest concentration of doctors per capita in South Korea, with 479 physicians per 100,000 insured residents, according to the National Health Insurance Service’s 2023 Regional Healthcare Statistics report. The capital accounts for 28% of the country’s medical workforce, reflecting its role as the nation’s healthcare hub. Key [...]
SEOUL, Dec. 3 (Korea Bizwire) – Single-person households in South Korea have reduced spending due mainly to high housing expenses and a tough job market situation, affecting the recovery of private consumption, a central bank report showed Tuesday. The proportion of one-person households out of the country’s total has been on a constant increase from [...]
SEOUL, Dec. 3 (Korea Bizwire) – South Korea’s adult smoking rates have climbed, reversing a years-long decline, particularly among men in their 50s and women in their 20s, according to a report released by the Korea Disease Control and Prevention Agency (KDCA). Obesity rates also surged among younger adults, while nearly half of men in their [...]