SEJONG, Feb. 28 (Korea Bizwire) – A striking wage gap has emerged in South Korea, with graduates from the top 20% of universities earning up to 50% more than those from the bottom 20%. This significant disparity is fueling intense competition for university admissions, contributing to social issues such as low birth rates and regional imbalances, [...]
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. 31 (Korea Bizwire) — A number of low-income households had less than an appropriate amount of food with less or no consideration for a balanced diet last year. The Korea Disease Control and Prevention Agency conducted an analysis of national health and nutritional surveys, which showed that only 86.6 percent of low-income households [...]
SEOUL, Sept. 27 (Korea Bizwire) — A recent study has shown that the increase in land prices greatly outpaced that of consumer prices last year, deepening inequality in land ownership. According to a report released by the Institute of Land and Liberty on the basis of government data, land prices in South Korea grew by [...]
SEOUL, June 23 (Korea Bizwire) — More than two thirds of South Koreans from the so-called MZ generation see income inequality as a social problem. Accounting firm Deloitte Anjin LLC announced the results of a survey conducted by Deloitte Global with the participation of 22,928 millennials (born between 1983 and 1994) and Generation Z (born [...]
SEOUL, June 3 (Korea Bizwire) — Nearly 2 out of 3 Seoulites in their 20s and 30s believe South Korea is not an ideal country for them to live in, a survey showed Thursday. The Seoul Institute, a city-run think tank, said it polled 1,000 Seoul residents between the ages of 20 and 39 from [...]
SEOUL, Feb. 4 (Korea Bizwire) — The gap in the mortality rate by income level did not widen during the outbreak of the coronavirus, thanks to the government’s implementation of a medical care system, that among others, offers financial support to cover medical expenses for those testing positive for COVID-19, a study showed Wednesday. Researchers [...]
SEOUL, Jan. 20 (Korea Bizwire) — When the novel coronavirus first arrived in South Korea a year ago, Bang Su (alias) didn’t know it would upend her career and family all of a sudden. The Pilates instructor worked less than two months last year as on-and-off social distancing measures restricted the operation of a sports [...]
SEOUL, Oct. 16 (Korea Bizwire) — Recent statistics have shown that those in the higher income classes have advantages in terms of overcoming infertility and realizing childbirth than those in lower income classes. A research team from the Ajou University Hospital analyzed 10,108 infertile women aged between 20 and 39 registered in the National Health [...]
SEOUL, Oct. 3 (Korea Bizwire) — Although child care leave was introduced by the country more than 30 years ago, the rate of workers who use such leave at private companies is still significantly lower than that of civil servants, a lawmaker said on Saturday, citing recent official data. A total of 4.5 percent, or [...]