SEJONG, Oct. 15 (Korea Bizwire) — The number of people aged 65 or older in South Korea is expected to account for 30 percent of the population in 2035, a report showed Thursday, highlighting concerns that the fast-aging demographic transition could pose a drag on the country’s economy. According to the report by Statistics Korea, [...]
SEOUL, Oct. 15 (Korea Bizwire) — The number of passengers using South Korea’s railroad services tumbled nearly 40 percent in the first nine months of the year due to the impact of the coronavirus pandemic, data showed Thursday. The number of passengers on high-speed KTX and 13 other railroad lines across the country totaled 63.89 [...]
SEOUL, Oct. 14 (Korea Bizwire) — Ozone level alerts were issued on nine days in Seoul in June, the highest monthly tally since the warning system was first introduced in 1995, the city government said Wednesday. The average ozone concentration level also reached a record 0.044 parts per million (ppm), leading to an average 0.031 [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Koreans’ card payments to Netflix reached a fresh high of 46.2 billion won (US$40.2 million) last month, data showed Tuesday, a nearly twofold jump from a year earlier. An estimated 3.36 million people here spent the record amount in September on the popular video streaming platform, according to [...]
SEOUL, Oct. 12 (Korea Bizwire) — Nearly 90 percent of those who died last year were cremated, but crematorium services in South Korea are falling short of the growing demand, government data showed Monday. According to the Ministry of Health and Welfare data submitted to Rep. Nam In-soon of the ruling Democratic Party, the bodies [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s coal consumption for electricity generation decreased 7 percent in 2019 from a year earlier due to its efforts to cut carbon emissions, a report said Monday. Asia’s fourth-largest economy consumed 94 million tons of coal to generate electricity, compared with 101 million tons a year earlier, according [...]
SEOUL, Oct. 11 (Korea Bizwire) — YouTube content creators who work alone earned an average monthly income of 1.78 million won (US$1,540) last year, a ruling party lawmaker said Sunday. Fifty eight “one-person” YouTubers reported a combined annual income of 1.24 billion won ($1.07 million) to the tax authority in 2019, according to Rep. Yang [...]
SEOUL, Oct. 8 (Korea Bizwire) — Doctors with private practices make an average of 20.3 million won (US$17,535) a month, nearly double what they earned a decade ago, a lawmaker said Thursday. Rep. Jang Chul-min of the ruling Democratic Party said he deduced the average monthly earnings of private practice doctors from their health insurance [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Koreans are estimated to have spent nearly 30 hours on YouTube in September, a report showed Thursday, far surpassing other popular social media apps. South Korean users spent an average of 29.5 hours on Google’s video-sharing app last month, compared with 12 hours on KakaoTalk, the country’s top [...]
SEOUL, Oct. 8 (Korea Bizwire) — Small merchants in South Korea close up shop nearly six months after their establishment due to mainly falling sales, a poll showed Thursday. The survey of 400 former small merchants across the nation showed that they were forced to go out of business an average of 6.4 months after [...]