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Married Low Income Earners Have Lower Life Expectancy

Married Low Income Earners Have Lower Life Expectancy

SEOUL, Jul. 23 (Korea Bizwire) — A person’s outlook on his or her own life expectancy is gloomier for those who are married or low income earners. A research team from Seoul National University Hospital revealed on Monday the results of a survey of 1,005 participants conducted between August and September 2016. The team collected [...]

52-hour Workweek Cuts into Workers’ Income and Overtime Hours: Report

52-hour Workweek Cuts into Workers’ Income and Overtime Hours: Report

SEOUL, Apr. 12 (Korea Bizwire) — South Korean workers affected by the mandatory 52-hour workweek have suffered an income reduction of about 44,000 won (US$39) per month, a government report said Friday. According to the report by the state-run Korea Labor Institute, the number of overtime hours worked by employees of companies subject to the [...]

South Korea’s Mobile Taxi-hailing App Raises Driver Income by 37 pct

South Korea’s Mobile Taxi-hailing App Raises Driver Income by 37 pct

SEOUL, Oct. 16 (Korea Bizwire) — Taxi drivers saw a more than 37 percent rise in their income after Kakao Taxi, a mobile taxi-hailing service, was introduced three and a half years ago. Kakao Mobility announced on Monday that taxi drivers, who used to earn 110,894 won per day back in early 2016, now earn [...]

7 out of 10 Temporary Researchers Make Less Than 2.5 Million Won Monthly

7 out of 10 Temporary Researchers Make Less Than 2.5 Million Won Monthly

SEOUL, Sept. 25 (Korea Bizwire) – A new study has revealed that 7 out of 10 academic researchers on temporary contracts have monthly salaries of less than 2.5 million won. Moreover, nearly half of all temporary researchers take home less than 1.67 million won per month in pay. A research paper revealing such results, authored [...]