SEOUL, May 23 (Korea Bizwire) – The Samsung Life Retirement Research Center reported on May 20 that according to a study of 820 married individuals across the country, both male and female and above 20 years of age, husbands and wives are hurt most by their spouses’ words that demean their self-esteem. Of the 441 participating [...]
SEOUL, May 20 (Korea Bizwire) – On May 19, the Korea Information Society Development Institute (KISDI) reported that according to a three-year “Korean Media Panel Survey” conducted between 2013 and 2015, the frequency of use of newspapers, magazines, and books dropped by more than 50 percent after admission into college among the 177 survey participants. [...]
SEOUL, May 12 (Korea Bizwire) – South Korean parents have spent more than half of their retirement savings in the past five years to foot the bill for the cost of their children’s weddings, a private think tank said Thursday. Samsung Life Retirement Research Center recently conducted a survey on 868 parents to find how [...]
SEOUL, May 6 (Korea Bizwire) – According to the report ‘B2C (Between Corporation and Consumer) Index 2016’ published on May 5 by the United Nations Conference on Trade and Development (UNCTAD), Luxembourg ranked first in the world after scoring a total of 89.7 points calculated according to the internet usage rate of its population, credit [...]
SEOUL, Apr. 27 (Korea Bizwire) — South Korean shipyards may be in big trouble, but they still lead the global market in terms of order backlog, industry data showed Wednesday, possibly suggesting their guaranteed survival at least for a few years to come. According to the data from global research firm Clarkson Research Services, the [...]
SEOUL. April 24 (Korea Bizwire) – South Korea’s top 10 conglomerates have increased their cash reserves over the past year. According to a study conducted by progressive civic groups, the combined retained earnings of the top 10 Korean chaebols (conglomerates) increased about 9 percent to 550 trillion won in the past year. The civic groups [...]
SEOUL, April 24 (Korea Bizwire) – About 1 out of 6 young workers in South Korea were paid less than the country’s minimum wage last year, a private think tank said Sunday, pointing to tough working conditions facing young adults already struggling with high unemployment. According to the report by the Hyundai Research Institute, some [...]
SEOUL, April 19 (Korea Bizwire) – For many conscripted soldiers in the country, the lack of sleep is the most inconvenient aspect of their military service, a local poll showed Tuesday. The enlisted soldiers also cited loneliness and poor living conditions as other inconveniences of their mandatory military service that lasts nearly two years. All [...]
SEOUL, April 18 (Korea Bizwire) – Household loans extended by local banks rose at a fast clip in March due to a large increase in mortgage loans, central bank data showed Monday. Outstanding household loans extended by lenders here came to 649 trillion won (US$564.2 billion) as of end-March, up 4.9 trillion won from the [...]
SEOUL, Mar. 21 (Korea Bizwire) — Most small and medium enterprises in South Korea are against the government’s push to adopt the foreign worker levy, citing an increased financial burden and questioning its effect in boosting the employment of domestic jobseekers, a survey showed Sunday. The government plans to introduce a new levy system, in [...]