SEOUL, Jul. 3 (Korea Bizwire) — South Korean women employees are paid less than their male counterparts among Organization for Economic Cooperation and Development (OECD) member economies, due to wage discrimination, data showed Monday. The proportion of female low-salaried workers who are paid less than two-thirds of the median wage stood at 37.6 percent in [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korean shipbuilders, led by Hyundai Heavy Industries Co., are estimated to have clinched a record number of new shipbuilding orders in the first half of the year, with their combined tally more than doubling from a year earlier, industry data showed Monday. Hyundai Heavy and other local shipyards [...]
SEOUL, Jun. 30 (Korea Bizwire) — Approximately 2 million Koreans received medical treatment following car accidents last year, with the total medical costs paid out by car insurance companies amounting to approximately 1.7 trillion won. Of those requiring medical care, 6 out of 10 were diagnosed with neck injuries. The average medical cost per person [...]
SEOUL, Jun. 30 (Korea Bizwire) — Eight out of ten low-income, middle-aged and elderly people between the ages of 38 and 63 will likely face an uncertain financial future after retirement without a private pension or retirement pension, let alone the national pension, even after they turn 65. This forecast is based on an audit [...]
SEOUL, Jun. 30 (Korea Bizwire) — As stock markets of emerging Asian countries rallied this year, Indian funds yielded profits of more than 20 percent on average, outperforming other overseas equity funds. Healthcare funds and Chinese funds also performed well, but Russian and Brazilian funds dropped in value. On February 28, fund rating firm KG [...]
SEOUL, Jun. 29 (Korea Bizwire) — The number of apartment complexes designated as no-smoking zones reached 158 across the country in April, government data showed Thursday, amid a growing number of health-conscious people joining the anti-smoking campaign. The law, which took effect Sept. 3, 2016, allows provincial governments to designate all or part of corridors, [...]
SEOUL, Jun. 29 (Korea Bizwire) — The debt burden of South Koreans in their 20s and 30s has grown at the fastest pace among all age groups over the past three years amid a spike in household debt, central bank data showed Thursday. The so-called loan-to-income (LTI) ratio for 20-somethings and 30-somethings has risen 36.2 [...]
SEOUL, June 28 (Korea Bizwire) – One out of five South Korean users of Android-powered smartphones accessed applications for more than five hours a day last month, data showed Wednesday. According to industry tracker App Annie, South Korea posted the longest application usage time held by the top 20-percent bracket of users, followed by Mexico, Brazil, and [...]
SEJONG, June 28 (Korea Bizwire) – The number of newborn babies in South Korea dropped for 17 months in a row in April, a government report showed Wednesday, in the latest sign that underscores challenges in boosting its low birthrate. About 30,400 babies were born in April, down 13.6 percent, or 4,800, from 35,200 tallied [...]
SEOUL, June 28 (Korea Bizwire) – The percentage of elderly South Koreans receiving public or private pensions stood at 30 percent in 2016, a government report showed Wednesday. The report by the Board of Audit and Inspection (BAI), which analyzed data by the NPS and private insurance companies, showed many people remaining unprotected by the [...]