SEOUL, Dec. 22 (Korea Bizwire) — Four out of every five self-employed people said the hike in the minimum wage could cut the number of part-timers next year, a survey showed Friday. The minimum wage is set to rise to 7,530 won (US$7) per hour next year, up 16.4 percent from the current 6,470 won. [...]
SEJONG, Dec. 21 (Korea Bizwire) – As of May of this year, 1.225 million foreigners 15 years old or above had been in South Korea for at least 91 days. Of this group, 53,000 had been approved for a second duration of stay in the previous five years (returned individuals). The economically active population of [...]
SEOUL, Dec. 21 (Korea Bizwire) – With the end of the year fast approaching, consumer research has shed light on the predispositions of South Koreans towards taking time off work and seasonal activities like gift-giving. From December 7 to 13, online shopping mall Gmarket conducted a survey asking 342 users about their plans for gift-giving [...]
SEOUL, Dec. 20 (Korea Bizwire) — More than 200 big South Korean companies have invested in 10 other firms or funds on average as part of their efforts to secure technology and expand their businesses, a market tracker said Wednesday. The data compiled by CEO Score, a website that tracks conglomerates and financial firms, showed [...]
SEOUL, Dec. 19 (Korea Bizwire) – General satisfaction with the quality of tap water is a sentiment widely shared among South Koreans, as a fact-finding study revealed that over 90 percent have a favorable opinion. However, despite the study’s results, only one in two stated that they actually drank water from the tap. Conducted by [...]
SEOUL, Dec. 19 (Korea Bizwire) – In the wake of reports that four newborns had died at Ewha Womans University Mokdong Hospital, research has found there to be a labor shortage problem among medical professions dealing with newborn care. On December 18, a report by the Health Insurance Review and Assessment Service on 61 neonatal [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Koreans plan to spend less on year-end and new year holiday gifts in the coming few weeks compared to the year before amid rising unemployment and unstable job security, a poll showed Monday. The average South Korean plans to spend about 203,000 won (US$183) buying gifts toward the [...]
SEJONG, Dec. 15 (Korea Bizwire) — More South Korean men are taking paternity leave nowadays, but their number still pales in comparison to that of women, data showed Friday. The data compiled by Statistics Korea showed that the number of male employees getting paternity leave came to 7,616 in 2016, up from 4,872 in 2015, [...]
SEOUL, Dec. 14 (Korea Bizwire) – Revenue generated by mobile games surged this year, while traditional moneymakers like online games and “PC room” games – games played in South Korean internet cafes – stumbled. South Korean games have endured a series of ups and downs in the past decade. According to a government document published [...]
SEOUL, Dec. 14 (Korea Bizwire) – Of the South Korean households that are renters, 60.5 percent utilize “wolse”, or monthly payment rental systems, boosted by a growing low-income bracket. According to the Korea National Council of Consumer Organizations, the percentage of households renting using “jeonse” – a key money deposit system usually requiring a lump-sum [...]