SEOUL, Dec. 28 (Korea Bizwire) – South Korea’s state pension said Thursday the monthly cost of living for a citizen aged 50 and above to maintain a minimum lifestyle is estimated at 1.45 million won (US$1,350), which hovers far above the actual pension currently being paid out to recipients. The National Pension Research Institute said [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korea is expected to see the number of single senior household heads jump in the future and exceed 1 million in about a quarter-century, a government agency said Thursday. According to Statistics Korea, the number of unmarried household heads aged 65 and older is forecast to increase steadily [...]
SEOUL, Sept. 6 (Korea Bizwire) – The Seoul Metropolitan Government announced on September 5 that it has selected three commercial areas frequented by the elderly for minor renovations. The three areas are Dongjak District’s Seongdae Market and Eunpyeong District’s New Eungam Market and Songhae Street. The 118 establishments within these districts will adopt measures like [...]
SEOUL, June 1 (Korea Bizwire) – Despite the South Korean elderly (60 and above) spending fewer hours on their smartphones compared to other age groups, they turned out to be the biggest readers of mobile news. In a study conducted by the Barun ICT Research Center (Yonsei University), older Koreans spent an average of 18.8 [...]
SEOUL, May 8 (Korea Bizwire) – Samsung Electronics Co.’s Galaxy Folder LTE and Galaxy J series, along with LG Electronics Inc.’s Wine Smart Jazz smartphones, are the most preferred mobile devices by South Korean seniors, industry data showed on Monday. According to the data compiled by SK Telecom Co., the country’s top mobile carrier, there [...]
SEOUL, May 4 (Korea Bizwire) – An increasing number of South Korean retirees are participating in social contribution activities, an experience many find rewarding, through which individuals can share their talents with others and be paid for their contributions. Kim, who is in her 70s, has found new meaning in life after joining a social [...]
SEOUL, May 4 (Korea Bizwire) – The latest data from the National Health Insurance Corporation has revealed that South Korea may have to spend over 90 trillion won ($79.5 billion) annually by 2030 – when the baby boomers (born 1955 to 1963) enter their old age – on health care for seniors. According to the [...]
SEOUL, May 4 (Korea Bizwire) – A rising number of seniors are purchasing the latest smartphones, industry data showed Thursday, breaking the perception that older users normally buy traditional handsets with buttons. According to the data compiled SK Telecom Co., 74 percent of its users aged 60 and above used smartphones as of April. The [...]
SUWON, South Korea, April 28 (Korea Bizwire) – An elderly from Daejeon in his 70s is being investigated by the police for collecting presidential election brochures and flyers from a local apartment complex. The suspect, whose identity was withheld, testified that he (or she) took four envelopes from mailboxes and 11 from the floor. “I [...]
SEOUL, April 27 (Korea Bizwire) – Recent data from the Seoul Metropolitan Council has revealed that the losses incurred by offering free rides to the elderly (65 and above) – one of welfare initiatives in the Seoul metropolitan area – amounted to 275.7 billion won ($244.2 million) in 2016, up from 200.9 billion won in [...]