SEOUL, Nov. 11 (Korea Bizwire) — South Korea’s factory utilization rate has fallen to the lowest level since the Asian financial crisis fueling concerns that the economy is showing signs of slowing down, observers said Sunday. Data by Statistics Korea showed the average capacity utilization ratio of factories standing at 72.8 percent in the January-September [...]
SEOUL, Nov. 8 (Korea Bizwire) — Victims of various accidents and mishaps had the most “pent-up anger” according to an analysis of newspapers articles dating back to the 1990s. The Center for Happiness Studies at Seoul National University processed the headlines of seven major newspapers published between 1990 and 2018 and found that 55 newspaper [...]
SEOUL, Nov. 6 (Korea Bizwire) — At 85 percent, the vast majority of South Koreans believe that DUI killings should be punished by more than 10 years in prison. The Citizen’s Coalition for Safety conducted a study on 249 participants over the age of 20 last month and delivered the results on Tuesday, revealing that [...]
SEOUL, Nov. 5 (Korea Bizwire) — Only 1 out of 10 workers in Korea were found to be fortunate enough to be hired in secure job positions that came with high pay, which was one of the lowest levels among OECD-member states. This has prompted critics to point to the dual structure of the labor [...]
SEOUL, Nov. 1 (Korea Bizwire) — South Koreans rank first among major economies in terms of visits made to hospitals in 2016, government data showed Thursday. According to the data by the National Health Insurance Service, South Koreans visited the doctor’s office an average of 17 times in 2016, much higher than the average of [...]
SEJONG, Oct. 31 (Korea Bizwire) — South Korea’s industrial output for September posted its biggest drop in 19 months due to a fall in auto and electronic parts production, government data showed Wednesday, raising concerns that the economy is on the brink of a slowdown. Production in the mining, manufacturing, gas and electricity industries backtracked [...]
SEOUL, Oct. 30 (Korea Bizwire) — Nine out of 10 North Korean defectors believed inter-Korean unification was very much needed when they lived in the North, according to a poll released Tuesday. The poll, based on interviews with 87 defectors, by the Institute for Peace and Unification Studies at Seoul National University, showed 90.8 percent [...]
SEOUL, Oct. 30 (Korea Bizwire) — An increase in working hours among women reduces the chance of them getting pregnant, a report showed Tuesday. According to the report by the National Assembly Budget Office, the chance of conceiving a baby is reduced by 0.34 percentage point for every additional hour a married woman works per [...]
SEOUL, Oct. 29 (Korea Bizwire) – A new survey has found that fewer South Koreans are clinging to the traditional notion that marriage is a necessity. According to statistics provided by a group of experts who advise the Presidential Committee on Ageing Society and Population Policy, the ratio of people who thought that “marriage was something that [...]
SEOUL, Oct. 29 (Korea Bizwire) – South Korea’s suicide rate remains the highest among developed nations despite declines in recent years, comparative statistics from welfare authorities indicated Monday. An analysis of health data from the Organization for Economic Cooperation and Development (OECD), conducted by the Ministry of Health and Welfare and the National Health Insurance Service, showed [...]