SEOUL, Mar. 5 (Korea Bizwire) — Income has a greater impact than assets on consumption by South Korean households comprised of seniors, a parliamentary report said Tuesday. A 1 percent increase in elderly households’ earned income made their consumption expenditure go up 0.09 percent between 2006-2016, according to the report by the National Assembly Budget [...]
SEOUL, Mar. 4 (Korea Bizwire) — Recent data shows that 8 out of 100 employees in the public service or at private companies in South Korea have suffered from sexual harassment at work. However, of the total victims, more than 80 percent suffered the harassment in silence and did nothing about it. According to the [...]
SEOUL, Mar. 4 (Korea Bizwire) — The Seoul Office of Education, in a survey conducted on high school teachers in October and November last year, showed that there are more teachers who oppose the introduction of a high school credit system than those who support it. The results of the survey showed that 36.1 percent [...]
DAEJEON, Feb. 28 (Korea Bizwire) — A recent study has revealed that blue light can help people wake up more easily in the morning. A research team led by Prof. Seok Hyun-jung and Prof. Choi Kyung-ah from the Korea Advanced Institute of Science and Technology (KAIST) said on Wednesday that a light in the color [...]
SEOUL, Feb. 27 (Korea Bizwire) — The average monthly operating profit among micro business owners in South Korea was 2.69 million won (US$2,407) in 2017. The average profit margin was 15.8 percent per month. Seven out of 10 micro business owners said sales had shrunk over the past year, while 4 out of 10 said [...]
SEJONG, Feb. 27 (Korea Bizwire) — Recent government data has shown that the number of traffic fatalities decreased by half when intersections that had no traffic lights or an unnecessarily long waiting time were replaced with roundabouts. The Ministry of the Interior and Safety (MOIS) and the Korea Transport Institute released an analysis of traffic [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s sports market grew in 2017, but its profitability went down, a report by the sports ministry showed Wednesday. The number of companies in the industry was reported at 101,207 in 2017, up 6.3 percent from the previous year, according to the report released by the Ministry of [...]
SEOUL, Feb. 26 (Korea Bizwire) — A recent survey revealed that tourists who go on walking tours in locations like the Jeju Olle Trail tend to be happier than others who do not. In a recent study conducted by the Korea Tourism Organization, 60 percent of walking tourists said they were happy. For non-walking tourists, [...]
SEOUL, Feb. 25 (Korea Bizwire) — Digital information access among underprivileged people in South Korea improved in 2018 from the previous year, a poll showed Monday. According to the survey of 15,000 people nationwide, the digital information level among so-called digitally vulnerable groups stood at 68.9 percent of the average for all South Koreans last [...]
DEAJEON, Feb. 25 (Korea Bizwire) — A recent study has revealed that humans are just as capable as other animals of finding north without a compass. The National Research Foundation of Korea in Daejeon announced on Sunday that a research team led by Prof. Chae Kwon-seok from Kyungpook National University confirmed that humans also have [...]