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Half of Early Old-Age Pension Applicants Have Below-Average Income, Revealing Income Inequality

Half of Early Old-Age Pension Applicants Have Below-Average Income, Revealing Income Inequality

SEOUL, Sept. 14 (Korea Bizwire) — Low-income South Koreans with income levels below the national average tend to opt for early old-age pensions, while higher-income individuals delay receiving their old-age pensions to benefit from a larger pension payout, recent statistics show. According to data that Han Jeoung-ae, a Democratic Party lawmaker and member of the National [...]

Low-income Individuals More Likely to Suffer from Diabetes: Study

Low-income Individuals More Likely to Suffer from Diabetes: Study

SEOUL, Aug. 28 (Korea Bizwire) — There is a strong correlation between income levels and the incidence of diabetes in South Korea, a study showed Sunday. A collaborative research group consisting of the Catholic University Bucheon St. Mary’s Hospital, Soongsil University and Korea University Guro Hospital classified 7.82 million adults aged between 30 and 64, [...]

S. Korean Doctors Earn Highest Incomes Among OECD Nations: Data

S. Korean Doctors Earn Highest Incomes Among OECD Nations: Data

SEOUL, July 31 (Korea Bizwire) — In South Korea, where the number of doctors ranks near the bottom among the Organization for Economic Cooperation and Development (OECD) members, doctors’ incomes are among the highest, data showed Sunday. According to the OECD Health Statistics 2023, the annual income of Korean medical specialists working in hospitals and [...]

Low-Income Earners with Negative Economic Outlook More Likely to Consider Suicide: Study

Low-Income Earners with Negative Economic Outlook More Likely to Consider Suicide: Study

SEOUL, June 8 (Korea Bizwire) — Low-income earners with negative perceptions of their future economic status are nine times more likely to consider suicide, a study indicated Wednesday. A research team from Korea University’s College of Medicine conducted a study on 10,017 adults aged 20 and above from 2012 to 2020, using the Korea Welfare [...]

Income Inequality Among Men May be a Key Factor in S. Korea’s Low Birth Rate: Study

Income Inequality Among Men May be a Key Factor in S. Korea’s Low Birth Rate: Study

SEOUL, May 15 (Korea Bizwire) — South Korea is grappling with a serious social challenge posed by its alarmingly low birth rate, one of the lowest in the world. An analysis conducted by the Korea Labor Institute has revealed that income inequality among men may be a crucial factor contributing to declining marriage rates, which, [...]

Adolescents from Lower Income Households Less Satisfied with Family/Friend Relationships

Adolescents from Lower Income Households Less Satisfied with Family/Friend Relationships

SEOUL, Jan. 26 (Korea Bizwire) — Children and teenagers from households with lower incomes have lower satisfaction in engaging with family members and friends, a government report has showed. Statistics Korea conducted a survey of children and teens between 9-18 years of age in 2020, which showed that the satisfaction level of engaging with family [...]