SEOUL, Sept. 29 (Korea Bizwire) — People aged 65 and older took up 17.5 percent of South Korea’s population this year amid rapid aging, data showed Thursday, underscoring concerns that the demographic change could weigh on the country’s economy. The number of older adults stood at 9.02 million out of the country’s 51.6 million population [...]
SEJONG, Sept. 28 (Korea Bizwire) — The number of babies born in South Korea hit an all-time low in July, while deaths climbed to a record high in the month amid rapid aging and the COVID-19 pandemic, data showed Wednesday. A total of 20,441 babies were born in July, down 8.6 percent from the previous [...]
SEOUL, Sept. 28 (Korea Bizwire) — Retail sales in South Korea marked the largest on-year growth so far this year in August on the back of the increase in people’s outdoor activities amid eased antivirus curbs and preparations for the Chuseok holiday, data showed Wednesday. The combined sales of 25 major offline and online retailers [...]
SEOUL, Sept. 28 (Korea Bizwire) — Sales of South Korea’s top 500 firms have soared nearly 40 percent over the past 10 years with the information technology and electronics sector taking up the biggest share, a corporate tracker said Wednesday. The combined top line of the leading businesses stood at 3,286 trillion won (US$2.3 trillion) [...]
SEOUL, Sept. 27 (Korea Bizwire) — A total of 1,860 cases of digital sex crimes have occurred in elementary, middle and high schools nationwide over the past five years, government data showed Tuesday. Of them, 218 happened in 2018, 464 in 2019, 427 in 2020, 461 in 2021 and 290 as of August 2022, according [...]
SEOUL, Sept. 27 (Korea Bizwire) — The number of deaths in South Korea hit an all-time high last year due largely to rapid aging and the fallout of the COVID-19 pandemic, data showed Tuesday. A total of 317,680 people died in the country last year, up 12,732 people, or 4.2 percent, from the previous year, [...]
SEOUL, Sept. 27 (Korea Bizwire) — Brokerages in South Korea raked in a combined 23.61 billion won (US$16.5 million) in fees from handling stock short selling in the first half of this year, data showed Tuesday. The amount compared with 29.28 billion won they earned from short selling-related fees throughout last year, according to the [...]
SEOUL, Sept. 27 (Korea Bizwire) — Accidents and deaths caused by electric scooters and other personal mobility vehicles have increased dramatically over the last five years, data showed Monday. Rep. Oh Yeong-hwan of the Democratic Party referred to a report submitted by the Korea Road Traffic Authority indicating that the number of accidents caused by [...]
SEOUL, Sept. 27 (Korea Bizwire) — The primary reason why shift workers tend to suffer more from sleep disorders and depression than non-shift workers is the activation of a specific brain area associated with information processing capability, a study indicated Monday. A joint research team from Seoul National University Hospital and Samsung Medical Center divided [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea posted a trade surplus of intellectual property rights (IPRs) in the first half of this year thanks to a rise in copyright payments amid popularity of Korean music and other cultural content, central bank data showed Friday. The country’s surplus from cross-border IPR trade came to US$370 [...]