SEOUL, Jan. 1 (Korea Bizwire) — South Koreans aged 50 and older expect to retire at an average age of 67 and consider themselves to have entered old age by 69, according to a new survey by the National Pension Research Institute. The study, released on December 31, also found that a monthly income of 1.92 [...]
SEOUL, Jan. 1 (Korea Bizwire) — Nearly half of South Korean workers hold a pessimistic outlook on their workplace conditions for 2025, according to a survey released on December 31 by civic group Workplace Gapjil 119 and polling firm Global Research. The survey, conducted among 1,000 workers aged 19 and older between December 2 and [...]
DAEJEON, Dec. 31 (Korea Bizwire) —The Korea Railroad Corporation (Korail) announced on Friday that its real-time train location service was ranked the top offering of 2024 in a public poll. The service allows passengers to track the current location and estimated arrival time of all trains on a dedicated map in real time. The poll, [...]
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 [...]