SEOUL, Sept. 26 (Korea Bizwire) – The number of venture businesses with annual sales of over 100 billion won has reached 513, the highest figure since records began in 2005, according to a new survey. Findings from the survey conducted by the Ministry of SMEs and Startups and the Korea Venture Business Association last year were [...]
SEJONG, Sept. 22 (Korea Bizwire) — Cancer remained the leading cause of death in South Korea in 2016, and fatalities from dementia doubled from a decade ago in line with the rapidly aging population, government data showed Friday. A total of 280,827 South Koreans died in 2016, up 1.8 percent from a year earlier, according [...]
SEOUL, Sept. 21 (Korea Bizwire) – Medical statistics on the health status of young South Koreans have served as a sobering reality check for those who crow that one’s 20s are “the best time to be alive”. The worrying state of the nation’s youth was outlined by National Assemblywoman and member of the central government’s [...]
SEOUL, Sept. 20 (Korea Bizwire) – For one lucky Taiwanese visitor, September 19 will be a day to remember as the 31-year old hit the “Paradise Mega Jackpot” of 966 million won at the foreigner-only Paradise Casino in Jeju. This is the third occasion this year that a winner of the Paradise Mega Jackpot has [...]
SEOUL, Sept. 20 (Korea Bizwire) — South Korean small and medium enterprises (SMEs) have a lower survival rate than their European Union counterparts with some 6 out of 10 surviving more than one year and less than 30 percent past five years, data showed Wednesday. A total of 62.4 percent of Korean companies remained opened [...]
SEOUL, Sept. 19 (Korea Bizwire) — Samsung Electronics Co.’s reputation plunged in 2017 compared with the year before, industry data showed Tuesday, apparently due to the arrest of its de facto head coupled with the Galaxy Note 7 debacle. According to the U.S.-based Reputation Institute, Samsung’s ranking in terms of corporate social responsibility plunged 69 [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korean women in their 20s and 30s had sex less in 2014 compared with a decade ago, a survey showed Monday, amid high youth unemployment that has led to late marriage and less dating. South Korea’s overall unemployment rate stood at 3.8 percent in June, up 0.2 percentage [...]
SEOUL, Sept. 15 (Korea Bizwire) — Health care costs for foreigners covered by South Korea’s state health insurance have more than doubled over the past five years as more subscribe to the scheme, data showed Friday. The total medical cost for covered foreigners came to 553 billion won (US$487 million) last year, up 109 percent [...]
SEOUL, Sept. 14 (Korea Bizwire) — Young people in their 20s and 30s here have been buying fewer cars in recent years as they have difficulty finding jobs and car-sharing services here are more appealing to them, industry data showed Thursday. Those in their 30s bought a total of 144,360 vehicles in the first six [...]
SEOUL, Sept. 14 (Korea Bizwire) — Middle Eastern tourists accounted for more than 20 percent of big-spending foreign visitors to South Korea last year with their per-capita spending reaching over US$16,000, a poll showed Thursday. The survey on the top 1 percent high-spending foreign tourists, taken by the Korea Culture & Tourism Institute, showed that [...]