SEOUL, Sept. 22 (Korea Bizwire) — The average annual salary of wage earners rose 4.6 percent in 2018 from a year earlier, a think-tank report showed Sunday, with the income gap between conglomerates and small businesses also narrowing over the period. South Korean wage workers earned 36.3 million won (US$30,543) annually on average last year, [...]
SEOUL, Aug. 28 (Korea Bizwire) — Lower income raises the mortality rate among patients with high blood pressure (HBP), a recent study has revealed. Researchers at Yonsei University College of Medicine monitored the mortality rate among 1.65 million patients between the ages of 30 and 80 diagnosed with HBP between 2004 and 2007 over the [...]
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 [...]
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 [...]
SEOUL, Apr. 4 (Korea Bizwire) — Seven in 10 artists in South Korea earn less than 1 million won (US$880) a month, well below the average for all trades, a government report said Thursday. According to the report by the Ministry of Culture, Sports and Tourism, the average annual income of domestic artist households was [...]
SEOUL, Feb. 19 (Korea Bizwire) — Growth in income for the generation of workers who came into the job market after the 1997 Asian financial crisis is slower than in the past, which will hurt overall earnings during their lifetimes, a research report said Tuesday. The study by Shim Hye-jung, head of the income and [...]
SEOUL, Dec. 4 (Korea Bizwire) — Despite soaring real estate prices across South Korea, income levels have remained stagnant, making the purchase of a home even more of an unachievable “dream.” Real estate assets account for 68.2 percent of all assets on average for Koreans. This means that volatility in the real estate market can [...]
SEOUL, Oct. 17 (Korea Bizwire) — The South Korean working poor are struggling from a vicious cycle of increasing debt, where interest and repayment fees reach as high as 12.56 million won each year, while disposable income is no more than 11 million won, on average. The Korea Institute for Health and Social Affairs (KIHSA) [...]
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 [...]
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 [...]