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Radioactive Materials Found in 19,000 Households over 5 Years

Radioactive Materials Found in 19,000 Households over 5 Years

SEOUL, Oct. 22 (Korea Bizwire) — Over the last five years, radon, a radioactive substance, was reportedly found at thousands of apartment complexes across the nation. The substance was mostly found in construction materials. Rep. Chung Dong-young, based on reports collected from 14 regional authorities, said radon was found in 18,682 households between 2015 and [...]

Seoul Citizens’ Debts Swell by 90 Trillion Won Over 7 Years: Report

Seoul Citizens’ Debts Swell by 90 Trillion Won Over 7 Years: Report

SEOUL, Jan. 4 (Korea Bizwire) — Seoul citizens’ debt load has increased by 90 trillion won (US$79.9 billion) over a seven-year period starting in 2010, a municipal think tank said Friday, calling attention to the liabilities of marginal households. The Seoul Institute, affiliated with the Seoul Metropolitan Government, said in a report that six out [...]

Study Shows Areas with More Renters Have More Schools

Study Shows Areas with More Renters Have More Schools

SEOUL, Dec. 26 (Korea Bizwire) — Areas with a higher number of households that pay monthly rent for housing have more schools, while areas with residents who own their homes have more hospitals. In addition, in areas with a high proportion of households living in rented homes, there is a trend towards an increase in [...]

S. Korea’s Household Medical Costs Higher than OECD Median

S. Korea’s Household Medical Costs Higher than OECD Median

SEOUL, Nov. 23 (Korea Bizwire) — South Korean households’ medical expenses are much higher than the average for members of the Organization for Economic Cooperation and Development despite a continued downturn, data showed Friday. Households’ expenditures accounted for 33.3 percent of South Korea’s total medical expenses in 2016, according to the data from the Korea [...]

S. Korean Households’ Excess Funds Shrink in Q2

S. Korean Households’ Excess Funds Shrink in Q2

SEOUL, Oct. 2 (Korea Bizwire) – Excess funds held by South Korean households fell in the second quarter of this year from a quarter earlier on increased purchases of new houses amid a property boom, central bank data showed Tuesday. Net financial funds, covering assets minus liabilities, controlled by households and nonprofit organizations totaled 11 trillion won [...]