SEOUL, June 18 (Korea Bizwire) — The Bank of Korea has raised alarm over South Korea’s persistently high cost of essential goods, warning that it is outpacing both inflation and global averages, and is stifling consumer spending—particularly among low-income households. In a report released Wednesday, the central bank found that from the onset of the [...]
SEOUL, Sept. 2 (Korea Bizwire) — A recent survey has revealed that approximately 80% of South Korean workers are either currently engaged in side jobs or considering taking on additional work, highlighting the economic pressures faced by many in the country’s workforce. The survey results, released by the job search app Albamon on August 29, polled [...]
SEOUL, Feb. 28 (Korea Bizwire) – An in-house research entity of NH Investment and Securities published a study on January 28 that found the percentage of income used to cover living expenses was more than 30 percentage points higher for low-income households than the middle class. The study was based on data derived from a [...]
SEOUL, March 22 (Korea Bizwire) – The latest report from the Economist Intelligence Unit, Worldwide Cost of Living 2017, labelled Seoul as the sixth most expensive city in the world in 2016 out of 133 major cities examined. The EIU compared prices of over 150 products and services, using New York as a base city [...]