economic activity Archives | Be Korea-savvy
60 pct of Seniors Engaged in Economic Activity in May: Data

60 pct of Seniors Engaged in Economic Activity in May: Data

SEOUL, July 25 (Korea Bizwire) — Around 60 percent of South Korean seniors were economically active as of May, data showed Tuesday, reflecting the country’s rapidly aging population. The poll by Statistics Korea showed 60.2 percent of the country’s 15.48 million people aged from 55 to 79 were economically active, up 0.8 percentage point from [...]

Drop in Economic Activity Among S. Koreans Between the Ages of 30 and 54

Drop in Economic Activity Among S. Koreans Between the Ages of 30 and 54

SEOUL, Dec. 5 (Korea Bizwire) — Individuals between the ages of 30 and 54, typically known as the principal breadwinners in South Korean society, are participating less in economic activities. This trend raises concerns that this disruption to the labor market could develop into a serious social issue which may negatively impact South Korea’s overall [...]