SEJONG, Feb. 21 (Korea Bizwire) — South Korea’s household income inequality hit a record high in the fourth quarter of 2018, government data showed Thursday. An average household earned 4.6 million won (US$4,000) per month in the October-December period, up 3.6 percent from the previous year, according to the data compiled by Statistics Korea. The [...]
SEOUL, Feb. 20 (Korea Bizwire) — Nearly half of South Koreans are in favor of changing the status of the March 1, 1919, independence movement against Japan’s colonial rule of Korea to a revolution, a poll showed Wednesday. In the poll of 500 adults nationwide conducted by Realmeter on Tuesday, 49.4 percent said they support [...]
SEOUL, Feb. 20 (Korea Bizwire) — Seven out of 10 South Koreans voted in favor of using atomic power, a survey showed Wednesday, amid the Moon Jae-in government’s nuclear phase-out policy. The survey was conducted on 1,000 people aged over 19 to study public opinion on the government’s nuclear policy, the Korea Nuclear Society (KNS) [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Koreans traveling overseas spent a record amount last year, but spending per person declined, central bank data showed Wednesday. The current account for last year showed travel expenditures of US$31.97 billion, the highest since recordkeeping began in 2006. Past figures show increases from $15 billion in 2009 to [...]
SEOUL, Feb. 19 (Korea Bizwire) — Growth in income for the generation of workers who came into the job market after the 1997 Asian financial crisis is slower than in the past, which will hurt overall earnings during their lifetimes, a research report said Tuesday. The study by Shim Hye-jung, head of the income and [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s coal imports hit a new high last year despite government efforts to phase out the use of fine dust-emitting energy sources, industry data showed Tuesday. The country shipped in 131.52 million tons of coal last year, breaking the record for the second consecutive year. Coal imports in [...]
SEOUL, Feb. 17 (Korea Bizwire) — The portion of South Koreans who are opposed to homosexuality fell below 50 percent for the first time, a report showed Sunday, in an indication of Koreans’ growing openness to sexual minorities. In a 2018 poll of 8,000 Korean adults, 49 percent said that they cannot accept homosexuals, down [...]
SEOUL, Feb. 17 (Korea Bizwire) — South Korea’s imports of coffee declined last year for the first time since 2012, suggesting that the boom of coffee shops might have peaked, data showed Sunday. Imports of coffee fell to 143,000 tons in 2018, down 2,600 tons from a year ago, according to data by the Korea [...]
SEOUL, Feb. 15 (Korea Bizwire) — A recent study has revealed that younger South Korean women tend to wrongly think of themselves as overweight, while older women see themselves as slimmer than they actually are. A joint research team led by Prof. Lee Yu-mie from Yonsei Severance Hospital and Prof. Choi Kui-son from the National [...]
SEOUL, Feb. 15 (Korea Bizwire) — The average age of people buying imported vehicles is getting older, according to industry data Friday. Last year’s statistics from the Korea Automobile Importers & Distributors Association (KAID) showed 34.6 percent of the buyers of the 166,271 foreign cars sold in the country were in their 30s. People in [...]