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Debt Recovery Applications Soar Among Business Owners and Day Laborers

Debt Recovery Applications Soar Among Business Owners and Day Laborers

SEOUL, Aug. 23 (Korea Bizwire) — Debt recovery applications are spreading among vulnerable members of the population including retired seniors, business owners, day laborers, and the jobless. The Credit Counselling & Recovery Service reported that 4,910 small business owners had applied for debt recovery this year as of July. The number of applications decreased between [...]

S. Korea’s Unemployment Benefits Period Ranks Low Among OECD Nations

S. Korea’s Unemployment Benefits Period Ranks Low Among OECD Nations

SEJONG, March 22 (Korea Bizwire) – South Korea ranks low among the member nations of the Organization for Economic Cooperation and Development (OECD) in terms of the period during which jobless workers get unemployment benefits, a report said Wednesday.  The relatively shorter period for unemployment allowances is a testament to the low level of the [...]