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 [...]
SEOUL, Jan. 26 (Korea Bizwire) — Only a small percentage of people in their mid- or later stages of life believe that they can be financially independent, without any help from the state, social groups and family members, a survey showed Wednesday. The National Pension Research Center conducted a survey of 4,024 households (6,392 people) [...]
SEOUL, Jan. 20 (Korea Bizwire) – Assortative mating inequality in South Korea is lower than in other countries while the proportion of single-person or single-parent households in the country is also lower than in other nations, a central bank report said Thursday. In a recent study, the Bank of Korea reported that the Gini coefficient of [...]
SEOUL, Dec. 28 (Korea Bizwire) — Food delivery workers only take five days off every month but make less than 3 million won (US$2,360) in monthly net income, government data showed Tuesday. The Ministry of Land, Infrastructure and Transport reported that there were 237,188 people in the country working in the food delivery business, twice [...]