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 [...]
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, [...]
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 [...]
SEOUL, June 26 (Korea Bizwire) — High-income families with children attending middle or high school spend as much money on private education as they do on food and housing, data showed Sunday. Based on data from Statistics Korea, households in the top 20 percent of income brackets spend an average of 1,002,000 won (US$766) per [...]
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 [...]
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, [...]
SEOUL, April 4 (Korea Bizwire) – While housing prices began to drop last year, households making the median income still struggle to buy apartments in Seoul, data showed Monday. Last year’s housing opportunity index for the capital city was 3.0, which indicates that only 3 out of 100 apartments in the city are within the [...]
SUWON, March 24 (Korea Bizwire) — The risk of contracting depression is higher among people in the lowest income tier due to COVID-19, depending on their respective economic circumstances, a study showed Thursday. The Gyeonggi Research Institute conducted a survey of 2,000 people living in 17 cities and provinces in the country, which showed the [...]
SEOUL, March 21 (Korea Bizwire) — People with lower income and educational backgrounds are more reluctant to raise their voices in society, a study indicated Monday. The Korea Institute for Health and Social Affairs conducted a survey of 8,174 people between the ages of 19 and 59 and asked them whether they talk to others [...]
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 [...]