SEOUL, Dec. 24 (Korea Bizwire) — South Korean senior citizens are less satisfied with their lives than other age groups, government data showed Monday, as many cope with poverty compared with younger people. The 2017 data compiled by Statistics Korea showed that people aged 65 and older had 2.87 points on a scale of 1 [...]
SEOUL, Dec. 24 (Korea Bizwire) — Franchisees on average shuttered their businesses in just over four years, government data showed Monday, in the latest sign of troubles facing small entrepreneurs. The 2015 data compiled by Statistics Korea showed that franchisees ran their stores for 52 months before closing them. By sector, franchisees of pharmaceutical businesses [...]
SEOUL, Dec. 23 (Korea Bizwire) — The average total costs of generating solar energy in South Korea will go down below 100 won (US$0.1) per 1 kilowatt hour five years later, a parliamentary report said Sunday. According to the report, the levelized cost of energy (LCOE) of solar power will decline to below 100 won [...]
SEOUL, Dec. 21 (Korea Bizwire) — A new study conducted by South Korean researchers has revealed that visceral fat increases the risk of depression among women. Prof. Cho Sung-jun and his team at Seoul National University Hospital studied the relationship between visceral fat and depression by looking into 7,238 patients who received treatment at the [...]
SEOUL, Dec. 21 (Korea Bizwire) — New data shows that wealthy South Koreans are more indebted than ever, meaning that so called “the rich getting richer” phenomenon in household debts is becoming ever more serious. It is estimated that the top income bracket borrowed additional money to purchase real estate, but higher housing prices led [...]
DAEJEON, Dec. 20 (Korea Bizwire) — A big data analysis has showed that a select few can easily dominate public opinion. The Korea Institute of Science and Technology Information (KISTI) announced on Wednesday that it had verified the regularities surrounding the formation of collective intelligence by studying the development process of online encyclopedias, journals, and [...]
SEOUL, Dec. 20 (Korea Bizwire) — An increasing number of South Korean singles are considering family background as an important quality to find a “perfect match”, while age difference is becoming less of an issue. Duo Human Life Research Institute conducted a survey of South Korean citizens between 25 and 39 years of age, asking [...]
SEOUL, Dec. 20 (Korea Bizwire) — The economic gap between North and South Korea has become even more significant this year. According to Statistics Korea, South Korea’s income per capita in 2017 was 23 times larger than that of North Korea. Considering the fact that the gap was 22 times in 2016, the gap grew [...]
SEOUL, Dec. 19 (Korea Bizwire) — South Korea’s newspaper industry is growing, thanks to local daily newspapers, daily economics newspapers, and online newspapers. The Korea Press Foundation (KPF) revealed that total sales for the newspaper industry in 2017 came in around 3.7 trillion won (US$3.28 billion), which was a 3.2 percent increase from the previous [...]
SEJONG, Dec. 19 (Korea Bizwire) — One of out of every five foreigners in South Korea suffer discrimination, due mainly to their nationalities, government data showed Wednesday. The data compiled by Statistics Korea showed that 21.2 percent of 1.3 million foreigners said they were discriminated by South Koreans. Among them, 60.9 percent said they were [...]