SEJONG, Aug. 22 (Korea Bizwire) — Unemployment numbers for the 25-39 age group, which normally represents new entrants to the job market, were at their highest in 19 years last month, state data showed Wednesday. The number of people without jobs in the age group hit 338,000 in July, the highest since 434,000 tallied in [...]
SEOUL, Aug. 20 (Korea Bizwire) — According to government data, the number of new restaurants is almost the same of the number of restaurants that are shutting down. Last year, the number of restaurants that closed down was the highest in six years in terms of the ratio of new openings versus those going out [...]
SEOUL, Aug. 20 (Korea Bizwire) — The income gap between wage earners in the top 10 percent and the bottom 10 percent was more than fourfold in South Korea last year. The income gap of South Korean workers was the highest of all Organisation for Economic Co-operation and Development (OECD) member states, with the gap [...]
CHEONGJU, Aug. 20 (Korea Bizwire) — The summer holidays may be the least enjoyable time for family animals, as pets are said to be abandoned the most during this time of year. Although the unfavorable practice has been occurring yearly, it has been especially problematic this summer due to the intense heat wave that has [...]
SEOUL, Aug. 17 (Korea Bizwire) — With an increasing number of graduates finding it hard to get a job these days, a new survey found that 1 out of 4 job seekers were willing to stop looking for a full-time job if they could make ends meet by taking on part-time work. According to a [...]
SEOUL, Aug. 17 (Korea Bizwire) — The number of jobs created in July fell to the lowest levels in over eight years, as Asia’s fourth-largest economy struggles with the fallout of corporate restructuring and stagnant domestic demand, data showed on Friday. The poor showing is a hard blow to the incumbent Moon Jae-in government, which [...]
SEOUL, Aug. 14 (Korea Bizwire) — A new study has found that the size and shape of people’s skulls in South Korea has changed over the years. Koreans who were born in the 1970s were found to have 6 percent larger skulls in terms of cranial cavity, which is the space within the skull, and [...]
SEOUL, Aug. 14 (Korea Bizwire) — Over the past five years, during which the free trade agreement (FTA) between South Korea and EU entered effect, the number of European-made cars imported to South Korea grew by 95 percent, while the number of Korean-produced vehicles exported to Europe grew by just 13 percent. According to the [...]
SEOUL, Aug. 14 (Korea Bizwire) — A new survey has found that due to the nation’s low birth rates since the early 1980s, the country’s overall population will continue to decline even if birth rates in the future increase. According to a new report released by the Korea Institute for Health and Social Affairs, South [...]
SEJONG, Aug. 13 (Korea Bizwire) — About 40 percent of South Korean municipalities may be abolished in the future because of declining birthrates and an aging population, a survey by a state-run research institute showed Monday. Lee Sang-ho, a researcher at the Employment Information Service, released the study, conducted in June, which measured the sustainability [...]