SEOUL, Nov. 2 (Korea Bizwire) — One in 5 elderly people in South Korea is socially inactive, necessitating greater care for their isolation and loneliness, a report said Friday. According to the report based on a 2017 survey of 10,000 senior citizens, 20.9 percent of the respondents said they were not socially active at all. [...]
SEOUL, Oct. 17 (Korea Bizwire) — The Citizen’s Coalition for Safety (CCS) has argued that the elderly show clearer signs of wanting to commit suicide compared to other demographic groups, making it easier to intervene in any suicide attempts. Yang Du-seok, the director of the Center for Suicide Prevention at the CCS, said Tuesday at [...]
SEOUL, Aug. 22 (Korea Bizwire) — A new study has concluded that senior citizens with slower walking speeds are higher at risk of health deterioration. According to research results, those who walk slowly have a 2.5-times higher chance of death and a 1.59-times higher chance of being hospitalized in a nursing home. A team of [...]
SEOUL, Jun. 27 (Korea Bizwire) — The local city government of Busan announced today that it was initiating a so-called “Knock Knock Service”, which will analyze cell phone records to check in on local city residents. The service follows recent government efforts to prevent solitary deaths, which have been on the rise. The number of [...]
SEOUL, Jun. 12 (Korea Bizwire) — A new study has revealed that senior citizens who think of themselves as being younger than their actual age have “younger” brains than those who regard themselves as older than their real age. According to research conducted by professor Choi Jin-yeong of Seoul National University published in the international [...]
SEOUL, May 25 (Korea Bizwire) — Fewer than than 2 out of 10 senior citizens thought living together with their children was desirable, according to a survey released by the Ministry of Health and Welfare. Among the respondents, 7 out of 10 were found to be living apart from their children, while 6 out of [...]
SEOUL, May 25 (Korea Bizwire) — A recent survey commissioned by the Ministry of Health and Welfare has revealed that 3 out of 10 elderly adults above the age of 65 were found to be economically active because they were unprepared for retirement. The survey found that 30.9 percent of 10,299 individuals questioned between April [...]
SEOUL, May 21 (Korea Bizwire) — As the South Korean population slowly ages, the number of elderly investors over 65 are also on the rise in the finance industry. According to a report released on Saturday by the Financial Supervisory Service, 23.6 percent (23.5 trillion won) of the total funds offered by financial institutions (99.9 [...]
SEOUL, May 9 (Korea Bizwire) — An insurance policy that covers individuals with current illness, regardless of its gravity, and former patients with previous treatment records has reached over 50,000 subscriptions within a month of its release. According to research results announced by the Financial Service Commission yesterday, seven insurance companies sold a total of [...]
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 [...]