SEOUL, Oct. 26 (Korea Bizwire) — New data shows that South Korea is one of the 10 largest importers (in terms of price) of coffee products produced in the European Union (EU). According to Eurostat, the EU’s statistics agency, the sum amount of coffee products exported from the EU to South Korea last year totaled [...]
SEOUL, Oct. 26 (Korea Bizwire) — The number of elderly people dying lonely deaths is increasing, especially for men, welfare data showed Friday. According to the Ministry of Health and Welfare, which released the data for a parliamentary audit, 3,331 aged people died over the past five years while living alone. The number was 538 [...]
SEOUL, Oct. 25 (Korea Bizwire) — A new study has found that the suicide risk for heavy drinkers who also smoke is 256 times higher than for people who don’t drink and smoke. Drinking combined with smoking is like adding fuel to the fire. A research team led by doctoral candidate Jeong Myeong-ji at Yonsei [...]
SEOUL, Oct. 25 (Korea Bizwire) — South Korea’s per-capita gross domestic product (GDP) is on track to surpass US$30,000 this year and expected to exceed $40,000 in 2023, a parliamentary report showed Thursday. According to the report by the National Assembly Budget Office (NABO), South Korea’s per-capital GDP is expected to reach $31,862 this year, [...]
SEOUL, Oct. 24 (Korea Bizwire) — An international financial research institute has published a report stating the average wealth of Korean adults is approximately 200 million won. According to the “Global Wealth Report 2018” published by Credit Suisse Research Institute (CSRI), the average monetary assets held by adult Koreans totaled $171,740, which was equivalent to [...]
SEJONG, Oct. 24 (Korea Bizwire) – Top 1 percent of South Korean taxpayers earned an average 4.45 billion won (US$3.87 million) in investment income in 2016, data showed Wednesday. Their average investment income was 18.3 times bigger than the average income from salaries of top 1 percent earners, according to the data by the National [...]
SEOUL, Oct. 22 (Korea Bizwire) — More than half of South Koreans back the planned launch of Kakao Corp.’s carpool service, which sparked angry protests from the taxi industry, a survey showed Monday. In a survey conducted by Realmeter with 500 adults across the country Friday, 56 percent of the respondents said they agree with [...]
SEOUL, Oct. 18 (Korea Bizwire) – The smoking rate for South Korean men aged 19 or older fell last year, the health ministry said Thursday, a sign that the country’s strong anti-smoking campaign paid off. The rate of men smoking substantially decreased in 2017, the Ministry of Health and Welfare said, without elaborating. The ministry [...]
SEOUL, Oct. 14 (Korea Bizwire) – South Korea’s jobless numbers in the third quarter surpassed the 1 million mark for the first time since the country struggled with the fallout of the Asian financial crisis, government data showed Sunday. Numbers released by Statistics Korea showed the average monthly unemployment stood slightly over 1.06 million in [...]
SEOUL, Oct. 11 (Korea Bizwire) — About 1,900 teachers have been disciplined for drunk driving over the past four years, with 16 of them getting fired, education ministry data showed Thursday. A total of 1,883 teachers have been punished with disciplinary measures for driving drunk between 2014 and June this year, according to the ministry [...]