SEOUL, Apr. 19 (Korea Bizwire) — With the cost of living soaring, essential household spending in South Korea has risen to an 18-year high, spurred in part by a precipitous increase in grocery prices. Data from the Bank of Korea revealed on Wednesday that South Koreans spent nearly 317.2 trillion won on food, non-alcohol drinks, rent, [...]
SEOUL, Feb. 8 (Korea Bizwire) – Jobseekers in their 50s and older are increasingly looking for part-time work, a recent analysis has found. Through part-time job site Albamon, the margin of growth in new resumes registered with the service every January from 2014 to 2018 was highest for jobseekers 50 and above. A total of [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea is within reach of becoming the fifth-largest exporting nation in the world, fueled by a steady rise in outbound shipments, a private economic think tank said Sunday. The Hyundai Research Institute (HRI) said in its latest 2018 export issue review paper that as of September last year, [...]
SEOUL, Jan. 3 (Korea Bizwire) – South Korea’s technology level and investment in the new energy industry lag behind leading nations while the gap in energy self-sufficiency is widening by region due to a lack of microgrids, a report said Wednesday. The report by Hyundai Research Institute gave South Korea 78.3 points out of 100 [...]
SEOUL, Dec. 26 (Korea Bizwire) — Economic recovery without a wage increase has been picked as one of top 10 global trends next year, a local think tank said Monday. In the 2018 Global 10 Trends report, the Hyundai Research Institute (HRI) said an economic recovery without wage hikes is widely expected globally as employers [...]
SEOUL, Dec. 1 (Korea Bizwire) — A further rise in international oil prices is expected to impact the South Korean economy negatively by sapping consumer spending and corporate investment, a private think tank said Friday. Crude prices have recently surpassed the US$60 mark per barrel on a global economic recovery and on hopes for the [...]
SEOUL, Nov. 29 (Korea Bizwire) – A new report has revealed over 75 percent of jobs in finance could evaporate when the fourth industrial revolution takes off in South Korea. According to the report released by the Hyundai Research Institute on Tuesday, nearly 760,000 jobs in the financial sector could be replaced with computers, accounting for [...]
SEOUL, May 17 (Korea Bizwire) – Nearly seven in ten companies in South Korea are not prepared for the fourth industrial revolution, which is reshaping many economies and industries with a range of new technologies, a new report revealed. According to the report released yesterday by the Hyundai Research Institute on the perception of the fourth [...]
SEOUL, Apr. 26 (Korea Bizwire) — The age at which South Koreans think a person can be considered old has been pushed back to reflect the general aging of the population, a new poll showed Tuesday. The survey released by Hyundai Research Institute (HRI), a private think tank, showed respondents believed 67.2 should be viewed [...]
SEOUL, March 20 (Korea Bizwire) – The negative economic impact of fake news on the South Korean economy and society is costing the country an annual loss of a whopping 30 billion won, analysts from the Hyundai Research Institute (HRI) have found. A report on fake news and its economic damage from the HRI released yesterday [...]