SEOUL, Jan. 4 (Korea Bizwire) — Seoul citizens’ debt load has increased by 90 trillion won (US$79.9 billion) over a seven-year period starting in 2010, a municipal think tank said Friday, calling attention to the liabilities of marginal households. The Seoul Institute, affiliated with the Seoul Metropolitan Government, said in a report that six out [...]
SEOUL, Jan. 4 (Korea Bizwire) — The prevalence rate of chronic diseases, including diabetes and hypertension, is higher among people with low incomes or living in rural areas, government data showed Friday. According to the data by the Korea Health Promotion Institute, the prevalence rate of people over the age of 30 with diabetes came [...]
SEJONG, Jan. 3 (Korea Bizwire) — North Korea has more than 500 marketplaces across the country, a North Korea expert said Thursday, a clear sign of “marketization” in one of most isolated countries in the world. The number of markets — known as Jangmadang in North Korea — has rapidly expanded to more than 500 [...]
SEOUL, Jan. 2 (Korea Bizwire) — Japanese beer kept the title of most-imported beer last year in South Korea, while imports of Chinese beer faltered. Beer imports from Belgium and the U.S. also grew rapidly. South Korea’s National Tax Service released statistics showing that beer imports between January and November of last year totaled $288 [...]
SEOUL, Dec. 31 (Korea Bizwire) – Two out of three Seoulites said they support Kim Jong-un’s visit to Seoul. Seoul Metropolitan Government conducted an online survey of 2,000 people living in Seoul, 68 percent of whom said they support Kim Jong-un’s visit to Seoul. Another 22.4 percent said they oppose the idea. A total of [...]
SEOUL, Dec. 31 (Korea Bizwire) — With South Korea’s gross national income (GNI) expected to surpass US$30,000 this year, some predict that the domestic dining market will decline in the coming year. According to Prof. Choi Kyu-wan of Kyunghee University, the dining industry goes through three stages with economic and social development: a growth period, [...]
SEOUL, Dec. 31 (Korea Bizwire) — If young job seekers find job a year early, their first marriage is likely to occur three months earlier, according to a report from the National Assembly Budget Office. The report is based on a youth panel survey, which tracks approximately 10,000 young adults aged 15 to 29. The [...]
SEOUL, Dec. 30 (Korea Bizwire) — More than 1 in 10 South Korean senior citizens suffer from dementia, data showed Sunday, with the number of patients anticipated to reach 2 million by 2039 due to the rapidly aging population. According to the data compiled by the National Institute of Dementia (NID), 10.2 percent of South [...]
SEOUL, Dec. 30 (Korea Bizwire) — State-run Korea Centers for Disease Control & Prevention said Sunday that South Koreans must improve their dining habits by consuming less salt and eating regularly. Based on its survey conducted on 15,954 people aged 19 and above, the center said South Koreans earned a grade of 63.3 out of [...]
SEOUL, Dec. 28 (Korea Bizwire) — A recent study has argued that accepting refugees en masse can incur short-term financial risk, but helps economic growth in the long run. Park Bok-yeong, a professor at Kyunghee University’s Graduate School of International Studies, claimed that despite the short-term financial risk that comes with an inflow of refugees, [...]