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S. Korean Women See Themselves Chubbier than They Are: Survey

S. Korean Women See Themselves Chubbier than They Are: Survey

SEOUL, Jul. 13 (Korea Bizwire) — South Korean women tend to consider themselves chubbier than they actually are while men are inclined to think the opposite, a survey showed Thursday. About 20 percent, or 5,002 women, of the 25,281 women polled said they are overweight, although they actually have normal body weight, according to the [...]

Middle-aged Koreans Want to Work Longer for Stable Livelihoods after Retirement: Poll

Middle-aged Koreans Want to Work Longer for Stable Livelihoods after Retirement: Poll

SEOUL, Jul. 12 (Korea Bizwire) — Middle-aged South Koreans want to work longer and believe they need about half of their present salaries to enjoy a stable life after retirement, a local business lobby said Wednesday. In a survey of 1,136 Koreans aged 40 or older, the Federation of Korean Industries’ Center for Large and [...]

Doosan Infracore Faring Well in China’s Excavator Market

Doosan Infracore Faring Well in China’s Excavator Market

SEOUL, Jul. 11 (Korea Bizwire) — Doosan Infracore Co., South Korea’s top construction equipment maker, is witnessing robust sales in China’s excavator market as the world’s No. 2 economy increased spending on infrastructure, industry sources said Tuesday. According to the data provided by KB Securities, a total of 62,617 excavators were sold in China in [...]

Moon’s Rating Rises amid Stern Response to N.K. Missile Launch, Brisk Diplomacy

Moon’s Rating Rises amid Stern Response to N.K. Missile Launch, Brisk Diplomacy

SEOUL, Jul. 10 (Korea Bizwire) — President Moon Jae-in’s approval rating edged up again last week due in part to his stern response to North Korea’s missile launch and brisk diplomacy to rein in the provocative state, a survey indicated Monday. In the Realmeter survey conducted from Monday to Friday, Moon’s rating was tallied at [...]

S. Koreans Have Severe Perception of Pollution: Study

S. Koreans Have Severe Perception of Pollution: Study

SEOUL, Jul. 6 (Korea Bizwire) – South Koreans generally have a more severe perception of environmental pollution than their counterparts in China and Japan, a study said Thursday. According to the study by a research team from the University of Utah, South Koreans gave 2.67 points on air pollution on a scale of one to [...]

Biz Sentiment at Over 2-yr High but Still Under Par

Biz Sentiment at Over 2-yr High but Still Under Par

SEOUL, Jul. 5 (Korea Bizwire) — South Korean manufacturers’ business sentiment reached the highest in over two years, but pessimism still outweighed optimism overall, a survey showed Wednesday. A survey of some 2,200 manufacturing firms put the business sentiment index (BSI) at 94 in the third quarter, up five points from the second quarter but [...]

Rising Household Debt Won’t Affect Consumption Due to Rising Asset Value

Rising Household Debt Won’t Affect Consumption Due to Rising Asset Value

SEOUL, July 3 (Korea Bizwire) – South Korea will not undergo a sharp drop in consumption despite the ever-rising household debt, a private think tank said Monday, citing growth in property and financial asset value. Households where the head of the family was over 55 have witnessed a 94.51 percent rise in income and 78.32 [...]

8 in 10 Low-Income Earners Will Have No Pension After 65

8 in 10 Low-Income Earners Will Have No Pension After 65

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 [...]