SEOUL, Nov. 30 (Korea Bizwire) – According to a recent study entitled ‘2017 Korean Middle Class Report’ from the 100 Years of Age Lab at NH Investment & Securities, six out of ten middle class Koreans think they are a part of the Korean lower class. From October 17 to 21, the survey targeted 1,025 [...]
SEOUL, Nov. 29 (Korea Bizwire) – The level of received school education matters most when it comes to reducing the risk of high blood pressure, a medical study suggested Tuesday, breaking the conventional notion that illnesses are closely tied to income. A research team led by Lee Hae-young of Seoul National University Hospital looked into [...]
SEOUL, Sept. 12 (Korea Bizwire) – A recent study by the Korea Labor Institute (KLI) revealed that Korea suffers among the highest levels of income inequality for its senior citizens (amongst OECD member nations), with four in 10 elderly laborers struggling with below-minimum-income wages. In the KLI report “Changes in Employment of the Elderly and [...]
SEOUL, July 27 (Korea Bizwire) – Kia Motors Corp., South Korea’s No. 2 automaker, said Wednesday that its second-quarter net income surged over 10 percent from a year earlier on a large increase in sales. Net profit came to 825.7 billion won (US$727 million) in the April-June period, up 10.6 percent from the same period [...]
SEOUL, Nov. 30 (Korea Bizwire) - Dual income households in South Korea brought home 1.4 times more than families with a sole bread earner, a report by a local think tank said Sunday. According to Hyundai Research Institute (HRI), households that had both husband and wife holding jobs brought home an average 5.32 million won (US$4,600) per month in 2014. For families where only one person earned an income, the monthly average stood [...]
SEOUL, Korea, Sep 16 (Korea Bizwire) – We are seeing so many comments by the world’s famous economists and top market analysts that the Korean economy is doing so well. The Wall Street Journal said on August 28, “Korea is the winner amid the emerging market turmoil.” JPMorgan chief economist Michael Feroli also said on September [...]