SEOUL, Nov. 10 (Korea Bizwire) – A growing number of elder South Korean citizens are traveling abroad, prompting local travel agencies to offer new options to lure affluent seniors with ample leisure time, industry officials said Thursday. The latest trend reflects the changing demographic trend in the rapidly aging society as more baby boomers retire [...]
SEOUL, Nov. 9 (Korea Bizwire) – Amid stagnant growth of local household consumption, a recent study indicated that the elderly will play an essential role in leading Korea’s future consumption. According to the report – Consumption Status of the Elderly and its Implications – compiled by the Bank of Korea’s research bureau, the contribution rate [...]
SEOUL, Nov. 7 (Korea Bizwire) – A recent study from Statistics Korea revealed that the number of temporary employees aged 60 and above has more than doubled over the past decade, calling for government measures to provide aged workers with stable jobs to prevent elderly poverty. According to the study, there were 1,468,000 employees aged [...]
CHUNCHEON, South Korea, Oct. 24 (Korea Bizwire) – Samsung Electronics donated five laundry trucks on Monday to five cities and counties in Gangwon Province. The donation was a part of Samsung’s charity ventures to provide laundry services for the elderly and the disabled whose physical displacements are limited. Each truck is equipped with four washing [...]
SEOUL, Oct. 18 (Korea Bizwire) – One out of 10 senior citizens have had thoughts about attempting suicide in the past year, a survey showed Tuesday. According to the survey conducted by the Korea Institute for Health and Social Affairs (KIHASA) on 853 people aged over 65, 10.3 percent said they have felt an impulse [...]
SEOUL, Sept. 30 (Korea Bizwire) – A South Korean opposition lawmaker said Friday most cases of abuse against senior citizens are committed by their sons, urging the government to come up with protective measures amid the country’s aging population. According to the data compiled by Rep. In Jae-keun of the main opposition Minjoo Party of [...]
SEJONG, Sept. 29 (Korea Bizwire) – The ratio of senior citizens aged 65 and over in South Korea rose to an all-time high in 2015, underscoring the trend that the country’s population is aging at a fast pace, government data showed Thursday. According to the data by Statistics Korea, 6.57 million, or 13.2 percent of [...]
SEOUL, Sept. 12 (Korea Bizwire) – A recent study by the Korea Labor Institute (KLI) revealed that Korea suffers among the highest levels of income inequality for its senior citizens (amongst OECD member nations), with four in 10 elderly laborers struggling with below-minimum-income wages. In the KLI report “Changes in Employment of the Elderly and [...]
SEOUL, July 27 (Korea Bizwire) – The Seoul Welfare Foundation (SWF) has stepped forward to assist low-income seniors living alone with writing their wills, to help them make better arrangements before their passing. Since writing a will is a legal procedure, and must follow a specific set of guidelines, public officials are often faced with [...]
SEOUL, July 26 (Korea Bizwire) – A recent study from Statistics Korea revealed that the number of people aged 100 years and older has rapidly increased in recent years. According to the data, there are currently 3,159 men and women aged 100 years and older residing in Korea, 86.5 percent (2,731) of which are women, [...]