SEOUL, Mar. 21 (Korea Bizwire) — Nearly 1 in 5 South Koreans has suffered from financial fraud or nearly fallen prey to financial scams, a poll showed Wednesday. According to the survey of 2,530 people, 2.6 percent of the respondents said they had fallen victim to voice phishing, Ponzi schemes and other financial scams at [...]
SEOUL, March 20 (Korea Bizwire) — While certain elements of day-to-day living have improved according to non-Korean staff employed at foreign-invested enterprises, there appears to be plenty of areas where South Korea can do better, as a recent KOTRA study found only 27.3 percent (300 foreigners employed at foreign-invested enterprises) expressed satisfaction with the management [...]
SEOUL, March 20 (Korea Bizwire) — South Korea’s household debt is rising rapidly in comparison to economic growth, and is nearing the size of the nation’s GDP. According to the Bank for International Settlements (BIS) on March 18, in last year’s Q3 South Korean household debt stood at 94.4 percent of GDP. This figure marked [...]
SEOUL, Mar. 19 (Korea Bizwire) — People suffering from Parkinson’s disease and depression are the most susceptible to committing suicide, a survey showed Monday. Parkinson’s disease patients have 4.72 times higher chances of committing suicide than those who do not have the disease, according to the survey of 300,232 people conducted by professor Kim Doh-kwan [...]
SEOUL, March 16 (Korea Bizwire) — On the rise are “twilight divorces”, a term referring to the ending of marriages by couples in their golden years, and with their increased frequency is a growing number of individuals living off income from their ex-spouse’s pension through pension splitting. Pension splitting was introduced in 1999 for divorcees [...]
SEOUL, Mar. 16 (Korea Bizwire) — South Korean children aged between three and eight spend nearly three hours per day on smartphones, televisions and personal computers, a survey showed Friday. They spent an average of 177 minutes every day on watching television or playing with smartphones and personal computers, according to the survey of mothers [...]
SEOUL, Mar. 16 (Korea Bizwire) — YouTube has emerged as the most popular social networking service (SNS) in South Korea with nearly three in 10 SNS users relying on the platform, a poll showed Friday. According to the January survey of 200 South Koreans aged 20 or older, 27.6 percent of respondents picked YouTube as [...]
SEOUL, Mar. 12 (Korea Bizwire) — One out of every 6 South Korean adults are suspected to suffer from sleep apnea, a sleep disorder that can cause various diseases, a study showed Monday. The study showed that 15.8 percent of the 2,740 adults surveyed said they experience the disorder, which is characterized by pauses in [...]
SEOUL, Mar. 12 (Korea Bizwire) — Smart contracts based on blockchain technology can effectively prevent delays in payments for delivered goods and make it impossible to unilaterally alter original contracts, a local think tank said Sunday. The report by Korea Small Business Institute (KOSBI) said blockchains can open new horizons for how small and medium [...]
SEOUL, March 2 (Korea Bizwire) — Six out of ten South Koreans report having suffered from violence and verbal abuse at the hands of superiors or colleagues in the workplace in the past five years. According to a study from the Korea Labor Institute conducted last August into the state of workplace harassment, 66.3 percent [...]