SEOUL, Jan. 10 (Korea Bizwire) — A recently released report from the Korea Institute for Health and Social Affairs indicates that the number of young adults hoping for higher social status has sharply decreased. Young adults no longer believe moving up the social hierarchical ladder is possible without inheriting wealth from their parents. Not so [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s state-run agricultural company said Thursday that floating solar farms have limited impact on the environment, dismissing criticisms by some conservationists. The Korea Rural Community Corporation (KRC) released a report that compares reservoirs with and without floating solar panels and claimed that there were no significant changes in [...]
SEOUL, Jan. 9 (Korea Bizwire) — About 60 percent of South Koreans say that advertisements for financial products are exaggerated, a survey showed Wednesday, underscoring customers’ mistrust towards the sector as a whole. The survey, conducted by Gallup Korea and commissioned by the Financial Services Commission (FSC), showed that 60.7 percent of the 2,194 respondents [...]
SEOUL, Jan. 8 (Korea Bizwire) — Amid South Korea’s rapid decrease in the number of marriages, the rate of unmarried people in their mid-30s and under has already surpassed that of Japan, which has already experienced a surge in celibacy. A new study conducted by the Korea Institute for Health and Social Affairs reports that [...]
SEOUL, Jan. 8 (Korea Bizwire) — Nearly half of South Koreans believe that the country’s tax policy favors the rich, a poll showed Tuesday. The poll — commissioned by the Economic Reform Research Institute — found that 48.9 percent of respondents said they think the wealthy are at an advantage in regards to tax policy. [...]
SEOUL, Jan. 8 (Korea Bizwire) — As many as eight in 10 South Koreans have experienced exposure to secondhand smoke from neighbors, but most of them refrained from making complaints, a poll showed Tuesday. The survey of 1,542 residents in Gyeonggi Province, the nation’s most populous province that surrounds Seoul, found that 1,197 respondents, or [...]
SEOUL, Jan. 8 (Korea Bizwire) — Sales of hand sanitizers and facial masks, as well as health products, spiked last month amid influenza season, industry data showed Tuesday. According to the data by discount store chain Lotte Mart, sales of facial masks jumped 15.6 percent in the Dec. 1-30 period compared to a year earlier. [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Koreans ate out less in 2018 than a year earlier as they tightened their belt amid a weak economy, a poll showed Monday. According to the survey of 3,014 people aged 20-69, South Koreans dined out an average of 20.8 times per month last year, compared with 21.8 [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korean teenagers spend two hours a day watching online broadcasts streamed by individual creators, a survey showed Sunday, with YouTube being the most popular platform. According to the survey compiled by the Korea Communications Standards Commission conducted on 1,058 respondents, South Korean teenagers spent 114.9 minutes every day [...]
SEOUL, Jan. 6 (Korea Bizwire) — The number of new convenience stores in South Korea moved down in 2018 from a year earlier, industry data showed Sunday, due mainly to an increase in labor costs and the market’s saturation. According to industry data, new CU branches, operated by BGF Retail Co., posted a net increase [...]