SEOUL, Jan. 2 (Korea Bizwire) — Low-income women and high-income men in South Korea are more likely to be obese, a report showed Tuesday, showing the correlation between body size and income level. The report was released by a team of researchers of the Seoul National University based on 39.09 million people who received medical [...]
SEOUL, Aug. 21 (Korea Bizwire) — An average South Korean works 20 days a year until “tax freedom day,” with high income earners working up to four more months to cross the threshold, data showed Monday. The Korea Economic Research Institute (KERI) analyzed tax data from 2007 to 2015 based on income and effective tax [...]
SEOUL, Aug. 16 (Korea Bizwire) — South Korea has the second-longest average work hours per person, but its wage levels fall under the median among member states of the Organization for Economic Cooperation and Development (OECD), data showed Wednesday. The OECD Employment Outlook 2017, an annual report, said an average South Korean worked 2,069 hours [...]
SEJONG, June 8 (Korea Bizwire) – The growth of real income of South Koreans has risen at a slower pace than that of economic growth over the past five years, government data showed Wednesday. The average real income of local businesses with at least five employees was 3.39 million (US$3,000) per month last year, up 2.8 percent from a year earlier, according to the data by the Ministry of Strategy and [...]
SEJONG, May 25 (Korea Bizwire) – South Korea’s income disparity widened significantly last year despite the government’s efforts to narrow the gap between the rich and poor, government data showed Thursday. The Gini coefficient of total income of an average household stood at 0.353 in 2016, up from the previous year’s 0.341, according to the [...]
SEOUL, May 10 (Korea Bizwire) – Around half of South Korean single men say they would be proud if their wife of the future brought in more income than themselves, according to a recent report. The new study conducted with the participation of 594 South Korean single men and women by marriage agencies Bien Aller and [...]
SEOUL, Feb. 8 (Korea Bizwire) – South Korea’s daily sodium intake per capita was 3,871mg in 2015. Although this is a big improvement from the 4,546mg recorded in 2012, it still far exceeds the WHO recommended amount of 2,000mg. On Wednesday, researchers from Inje University Seoul Paik Hospital shed new light onto the sodium intake [...]
SEOUL, Jan. 25 (Korea Bizwire) – South Korea’s economy grew at a slower pace in the fourth quarter than three months earlier on decreased demand and construction investments, central bank data showed Wednesday. In the October-December period, the country’s gross domestic product rose 0.4 percent from the previous quarter, decelerating from a 0.6 percent on-quarter [...]
SEOUL, Jan. 12 (Korea Bizwire) – The cost of private education for children is heavily eroding what little is left of spendable family income, a challenge to government effort to revive the economy through consumption, statistics indicated Thursday. Official numbers from Statistics Korea said a city-dwelling family of two people or more on average spent [...]
SEOUL, Dec. 28 (Korea Bizwire) – The number of wage earners who make more than 100 million won (US$82,860) a year rose sharply from a year earlier in 2015, nearing 600,000 and accounting for 3.4 percent of all income earners, the tax office said Wednesday. In its annual report, the National Tax Service said the [...]